Consumer banking
Consumer banking
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Old Florida National Bank of Orlando and Mercantile Capital Corp. of Altamonte Springs, Fla., announced a deal in which Mercantile would become a subsidiary of Old Florida.
August 30 -
Eugene P. Heytow, chairman of Amalgamated Bank of Chicago, died Aug. 26. He was 76.
August 30 -
NorCal Community Bancorp in Alameda, Calif., reported a steeper net second-quarter loss as credit deterioration continued to affect the institution.
August 30 -
The Financial Services Roundtable says a controversial proposal from the Financial Accounting Standards Board is bad not just for banks and investors, but for the FASB itself because it would clash with international rules.
August 30 -
If the best defense is a good offense, expect local community banks to take the fight to their newest Connecticut competitor, First Niagara Financial Group of Buffalo.
August 30 -
Community banks reported investment program income of $110.1 million for the period, an increase of 4.6% from the fourth quarter of 2009 and a 12.6% jump from the first quarter of 2009.
August 30 -
Two shareholders of NewAlliance Bancshares in New Haven filed class actions last week asking a judge to block the company's proposed sale to First Niagara Financial Group of Buffalo.
August 29 -
Central Pacific Financial Corp. of Honolulu has appointed its turnaround consultant as executive vice president and chief financial officer.
August 27 -
Commonwealth Business Bank in Los Angeles said its second-quarter loss improved slightly from a year earlier. The $367.3 million-asset company posted a loss of $538,000, compared with a loss of $562,000 in the second quarter of 2009.
August 27 -
Westamerica Bancorp of San Rafael, Calif., said its board approved the repurchase of nearly 7% of the company's outstanding common stock.
August 27 -
Bank of Southern California in San Diego has agreed to buy two branches from the struggling Palm Desert National Bank.
August 27 -
Selling prepaid cards might become less appealing to retailers if a recent proposal aimed at curbing money laundering takes effect.
August 27 -
Eight months after calling off a deal to buy Royal Asian Bank, Edward Shin, the bank's CEO, is back with a new deal, crediting perseverance and a grassroots approach.
August 27 -
Eight months after calling off a deal to buy Royal Asian Bank, Edward Shin, the bank's CEO, is back with a new deal, crediting perseverance and a grassroots approach.
August 27 -
The Federal Reserve said Thursday that it has restricted dividend payments by three banks, one of which got $2.4 million through the Treasury Department's Troubled Asset Relief Program.
August 27 -
FAIRHAVEN, Mass. – First Citizens’ FCU is expanding into Cape Cod with a new branch in the town of Mattapoisett and another branch is planned at an undetermined location on the Cape.
August 26 -
BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., has given up its attempt to cash out its bondholders at a discount.
August 26 -
Sterling Financial Corp. in Spokane said Thursday it has completed a $730 million capital raise, including an expansion of its investments from two firms leading the recapitalization.
August 26 -
Shareholders of Patriot National Bancorp Inc. in Stamford, Conn., have approved a deal to recapitalize the company.
August 26 -
The refusal to foreclose quickly on and sell distressed homes at inventory-clearing prices may be contributing to the stall of the overall market seen in July sales data.
August 26




