Consumer banking
Consumer banking
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MEDFORD, Ore. – Rogue FCU is planning to open a student-run branch in North Medford High School, which will be the $485 million credit union’s fourth local in-school branch.
August 23 -
SAN FRANCISCO – Patelco CU announced yesterday it is moving its headquarters to suburban Pleasanton.
August 23 -
The deal structure allowed the group that bought ShoreBank's deposits and nearly all its assets to sidestep a politically sensitive subject: open-bank assistance.
August 23 -
Two of the three community banks in Fall River, Mass., are planning to combine. The $694.7 million-asset Citizens-Union Savings Bank announced a deal Monday to acquire the $163 million-asset Bank of Fall River. The combined mutual savings bank would have about $861 million in assets, edging out the $700.2 million-asset Bank Five, the other bank based in the city.
August 23 -
The Center for Financial Services Innovation, a nonprofit organization that focuses on financial services for underbanked consumers, will continue to operate as usual, despite the Aug. 20 failure of its affiliate bank, ShoreBank Corp.
August 23 -
ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.
August 22 -
First Security Inc. in Owensboro, Ky., decided on the latter last week when it decided to call off a deal to buy three Indiana branches and a pool of loans from the struggling, $3 billion-asset Integra Bank Corp.
August 20 -
ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.
August 20 -
Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.
August 20 -
Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.
August 20 -
While many banks have watched their earnings erode in recent years, Greater Hudson Bank in Middletown, N.Y., is bucking the trend — it first became profitable last year and has reported its fifth consecutive quarterly profit.
August 19 -
PAB Bankshares Inc. in Valdosta, Ga., said late Wednesday that it had withdrawn plans to raise $80 million in a common stock offering "due to changing market conditions."
August 19 -
Western Alliance Bancorp. on Thursday priced its public offering of 7 million shares at $6.25 a share, an 8.5% discount to Wednesday's closing price.
August 19 -
One major question about First Niagara's deal to buy NewAlliance remains unanswered: what role Peyton Patterson, the seller's chief executive and one of the most prominent bankers in New England, will play in the post-merger company.
August 19 -
Sitting on a pile of cash from an initial public offering six years ago, NewAlliance Bancshares seemed poised to make a big acquisition. So it came as a surprise to many in the banking world Thursday when the company announced that it is being acquired by First Niagara Financial Group for $1.5 billion in a deal that would create one of the top 25 U.S.-based commercial banks.
August 19 -
First Niagara said NewAlliance's extensive branch network will serve as a foundation for the Buffalo-based bank's growth in New England.
August 19 -
First Niagara Financial Group Inc. agreed to acquire New Alliance Bancshares Inc. for some $1.5 billion in stock, giving the Buffalo-based bank a foothold in New England.
August 19 -
Western Alliance Bancorp., which is raising capital for banking units hit hard by real-estate woes in Nevada, Arizona and California, said its planned sale of at least 7 million shares were priced at an 8.5% discount to Wednesday's close.
August 19 -
Grandpoint Capital Inc. struck again this week, announcing two bank deals with Capitol Bancorp Ltd., which brings to four the number of acquisitions Grandpoint has announced in the past two months.
August 18 -
Bonneville Bancorp is taking an unusually drastic — and seemingly counterintuitive — approach to fighting fraud. To make sure its customers use their PIN codes, shoring up security for debit purchases, it is prohibiting signature debit payments in some states.
August 18



