Consumer banking
Consumer banking
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The Buffalo, N.Y., company said that the $1.5 billion purchase created a bank with over $30 billion of assets and $18 billion of deposits in Connecticut, Massachusetts, Pennsylvania and New York.
April 19 -
The Federal Reserve has terminated an enforcement action against Currie Bancorp of Minnesota. Currie, the parent of the $44.9 million-asset Currie State Bank, had been operating under a written agreement since November 2008.
April 19 -
VACAVILLE, Calif. – Travis CU, which is in the process of merging with Metro 1 CU, plans to open three new branches after the April 30 completion of the deal, as the credit union celebrates its 60th anniversary.
April 19 -
The $17.5 billion-asset company's expertise with technology companies has fueled its growth in Asia, Europe, Israel and India. Next month it will make a big move into China, sending Ken Wilcox, its chief executive, to Shanghai to create a banking joint venture.
April 19 -
The Federal Reserve and state regulators in New York and Florida last week issued a cease-and-desist order against Banco Industrial de Venezuela.
April 19 -
Mercantile Bank Corp. in Grand Rapids, Mich., returned to profitability in the first quarter after two years of losses.
April 19 -
Southwest Bancorp Inc. in Stillwater, Okla., on Tuesday reported a first-quarter profit despite a sharp rise in its loan-loss provision.
April 19 -
Sterling Bancshares Inc. in Houston reported a narrow loss Tuesday for what should be its last quarter before its sale to Comerica Inc.
April 19 -
First National Bank of the Gulf Coast in Naples, Fla., said it is raising $148 million in capital through a private placement.
April 19 -
Commerce National Bank in Newport Beach Calif., on Monday posted a first-quarter profit that it credited largely to balance sheet growth.
April 18 -
Chemical Financial Corp. in Midland, Mich., said an acquisition helped its first-quarter earnings were more than triple from a year earlier.
April 18 -
Community National Bank in Great Neck, N.Y., said improved net interest income was instrumental in its posting a first-quarter profit of $623,000, compared with a $134,000 profit a year earlier.
April 18 -
Bank of Hawaii Corp. in Honolulu said Monday that its first-quarter earnings rose 4.4% from a year earlier, to $42.4 million.
April 18 -
The Justice Department has seized accounts of 31 banks as part of an investigation into illicit online poker bets.
April 18 -
The concept of bankruptcy as a surefire step toward recapitalization isn't always so surefire. Take the case of Nexity Bank.
April 18 -
CORNING, N.Y. – Corning CU opened its 14th branch, and third in North Carolina, in Wilmington to serve employees at the Corning Corp. fiber optics plant there.
April 18 -
The Federal Trade Commission has mailed 1,410 refund checks totaling an estimated $2.3 million to consumers allegedly defrauded by Home Assure LLC, a so-called mortgage foreclosure rescue service.
April 18 -
Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.
April 17 -
Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.
April 15 -
Profitability at community banks is still mostly dependent on lower credit costs, and the whispers aren't about organic loan growth, but about stealing market share from others.
April 15



