Consumer banking
Consumer banking
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In 26 metropolitan statistical areas, branches accounting for more than 10% of market deposits were operated by institutions that agreed to sell or failed since July 1.
April 12 -
Two companies and three individuals are banned from the mortgage-relief services business and must relinquish $2.2 million in assets for consumer refunds, according to a settlement reached with the Federal Trade Commission.
April 12 -
Preliminary data indicates that C&I lending continued to show strength in the first quarter - but mainly at big banks - while other loan categories remained lifeless.
April 12 -
LANSING, Mich. – Michigan State University FCU opened its newest branch in the former Dimitri’s Restaurant building in downtown Lansing last week.
April 11 -
MECHANICSBURG, Penn. – Members 1st FCU on Monday opened a new branch in North Cornwall Township, its second in Lebanon County and one of five the $2 billion plans to open in 2011.
April 11 -
Baltimore County Savings Bank is looking to switch to a Maryland chartered bank from a federal thrift.
April 11 -
First Place Financial Corp. in Warren, Ohio, has deferred payments on its subordinated debt and preferred shares issued to the Treasury Department to save cash and comply with an enforcement action.
April 11 -
Altura Credit Union in Riverside, Calif., which reported a 2010 loss of $5.8 million, said Friday that it is closing four branches and laying off 26 employees, or 11% of its work force.
April 11 -
Norwood Financial Corp. in Honesdale, Pa., has received approval from shareholders of North Penn Bancorp Inc. to buy the Scranton, Pa., company.
April 11 -
Community Bank System Inc. in DeWitt, N.Y., said Monday that it has completed its acquisition of Wilber Corp.
April 11 -
The Federal Reserve on Friday approved an application by China's Bank of Communications Co. to open a branch in San Francisco.
April 11 -
Members 1st Federal Credit Union in Mechanicsburg, Pa., fresh off a trademark infringement claim with a local bank, filed a new lawsuit Friday against Merrick Bank in South Jordan, Utah.
April 11 -
Skeptics have often viewed banks with in-store branches as unconventional. Still, several community banks have tested the strategy and concluded it has untapped potential.
April 11 -
While a slowdown in failures is consistent with an improving economy, and the FDIC says 2010 was a peak year for the recent crisis, many say there are still plenty of failures ahead.
April 11 -
The OCC closed the $187 million-asset Western Springs National Bank and Trust in Illinois Later, state regulators closed the $145 million-asset Nevada Commerce Bank.
April 10 -
WICHITA, Kan. – Mid America CU is building what will be a shared branch in northeast Wichita, a community it abandoned two decades ago when it closed its branch there.
April 10 -
RIVERSIDE, Calif. – Altura CU, struggling with a $5.8 million loss last year, announced Friday it is shuttering four branches and laying off 26 employees, 11% of its workforce.
April 10 -
VIENNA, Va. – Navy FCU will open a new branch, its 214th, this morning in Browns Mills, N.J., to serve employees and families at McGuire Air Force Base, Fort Dix and the Naval Air Engineering Station Lakehurst.
April 10 -
The OCC closed the $187 million-asset Western Springs National Bank and Trust in Illinois Later, state regulators closed the $145 million-asset Nevada Commerce Bank.
April 8 -
Waccamaw Bankshares Inc. in Whiteville, N.C., said Friday that the Nasdaq stock market has given the company until June 3 to submit a plan to regain compliance.
April 8





