Consumer banking
Consumer banking
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Bryn Mawr Bank Corp. in Pennsylvania said it has agreed to buy the private wealth operations of the Hershey Trust Co.
February 22 -
Four Oaks Fincorp Inc. in North Carolina is on the hunt for capital after a large fourth-quarter loss. The $950 million-asset company said its loss in the quarter widened from $1.7 million a year earlier to $19.4 million.
February 22 -
Iberiabank Corp. of Lafayette, La., said Tuesday that it has agreed to buy Omni Bancshares in Metairie, La., for $40 million in stock.
February 22 -
A lending cooperative that plans to help small banks compete for larger, high-quality loans has received a significant investment — and validation — from the global asset manager BlackRock Inc.
February 22 -
The somewhat inexplicable delay adds to the overall negative perception the SBA has often had, while compounding the belief that small-business help from the government is just lip service.
February 22 -
Pinpointing the geographic epicenter of the crisis is not a simple task. Viewed one way, California and Florida top the list. Viewed another, Puerto Rico and Nevada rank highest.
February 22 -
Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.
February 21 -
New York state regulators have taken action against several Buffalo, N.Y.-area collection agency owners who were charged recently with preying on consumers - including military personnel.
February 21 -
Central Pacific Financial Corp. in Honolulu has received approval from regulators to complete a much-needed $325 million capital injection.
February 21 -
JACKSONVILLE, Fla. – First Florida CU has acquired an empty branch of a failed bank from the FDIC for $995,000.
February 21 -
Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.
February 21 -
Alma Bank in Astoria, N.Y., said Friday that George Katsiaunis will become its president. Katsiaunis is to succeed Luis Rebatta, who has been president of the $497.2 million-asset bank since it opened in 2007.
February 18 -
Bethpage Federal Credit Union has started an interactive marketing campaign that tells people, "It's time to give your bank a pink slip."
February 18 -
HarVest Bancorp Inc. has reportedly been without a chief executive for several weeks as it finalizes a recapitalization plan that intended on the previous CEO staying.
February 18 -
Bank of New York, representing holders of trust-preferred debt, has put up a vigorous fight against Builders Financial's reorganization plan, accusing the bankrupt company's owner of using straw creditors to deceive the court.
February 18 -
The majority of U.S. financial institutions expect their consumer lending businesses to grow or remain steady in 2011.
February 18 -
The Fed and OCC are asking a federal judge to dismiss TCF Financial's lawsuit, which seeks to block implementation of the Durbin amendment.
February 18 -
The ICBA's Camden Fine says because Dodd-Frank shifts control over routing debit card transactions from issuers to merchants, allowing them to bypass small financial institutions, it negates any benefit for exempt community banks.
February 18 -
Emclaire Financial Corp. in Emlenton, Pa., raised its quarterly dividend by 14%. The $481.9 million-asset company declared a dividend of 16 cents a share, compared with 14 cents a quarter earlier.
February 17 -
Citizens First Corp. in Bowling Green, Ky., said Thursday that it has agreed to repay part of its outstanding debt under the Troubled Asset Relief Program.
February 17



