Consumer banking
Consumer banking
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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 -
About 32%, or 47, of the 146 banks that acquired a failed bank from Jan. 1, 2009, through Aug. 19 of this year have recorded a net bargain-purchase gain from the failed bank's assets.
August 26 -
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New Century Bank in Phoenixville, Pa., the institution Sidhu has been expanding during the past year, announced that it would buy Berkshire Bank, based in Wyomissing, Sovereign Bank's former headquarters city.
August 25 -
California got a small taste of bank dealmaking Wednesday that didn't involve a failed or ailing institution.
August 25 -
An intensified effort at promoting financial literacy among prospective homebuyers might be more effective than strict regulations to prevent another foreclosure crisis, a Federal Reserve official said Tuesday.
August 25 -
FORT LEWIS, Wash. – America’s CU has agreed to acquire the former headquarters of Venture Bank, which failed a year ago.
August 24 -
The law firm of former Louisiana Attorney General Charles C. Foti Jr. said Tuesday that it filed a securities-fraud class action against CVB Financial Corp.
August 24 -
Madison National Bancorp Inc. of Hauppauge, N.Y. swung from a first-quarter net loss to net income of $208,303 in the second quarter.
August 24 -
MidSouth Bank in Murfreesboro, Tenn., was well capitalized at the end of the second quarter and the Federal Reserve wants to make sure it stays that way.
August 24 -
Broadway Federal Bank in Los Angeles is set to receive a $750,000 award from the Treasury Department for its work in low- to moderate-income communities.
August 24 -
Capitol Bancorp Ltd. has completed another divestiture — this time of its 51% stake in the $64 million-asset USNY Bank in Geneva, N.Y.
August 24 -
Iberiabank Corp. in Lafayette, La., said it will consolidate its federally chartered thrift subsidiary into its commercial banking subsidiary by early October as a result of "sweeping changes" in the banking industry.
August 24 -
It has been three years since community banks started feeling the effects of the economic downturn, and as losses have piled up, so have deferred tax assets.
August 24 -
The number of collection agencies and creditors sued between August 1-15 totaled 426, down from 488 sued in the July 16-31 period, but up from 389 in the first half of July, according to data from U.S. District Courts.
August 24 -
Weststar Financial Services Corp. in Asheville, N.C., has reported a $14 million second-quarter loss, compared with net income of $434,000 a year earlier.
August 23 -
F.N.B. Corp. in Hermitage, Pa., is selling its bond and transfer agent business to U.S. Bancorp. The $8.6 billion-asset company said in a statement last week that it decided to exit the business because growing administrative costs had become prohibitive for a regional trust company.
August 23 -
Heritage Financial Group in Albany, Ga., said Monday that it will revise its accounting treatment of problem loans acquired in a failed-bank deal last year.
August 23 -
Shareholders of Farmers Banc National Corp. in Canfield, Ohio, rejected two key proposals at the company's annual meeting, the company said Friday.
August 23




