Consumer banking
Consumer banking
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The administration's plan to spur small-business lending hit a big snag Tuesday as House Financial Services Committee Chairman Barney Frank acknowledged the program has no funding source.
May 18 -
The lifeline that ShoreBank in Chicago has been thrown by some of the nation's largest financial companies could turn out to have benefits for other community development banks.
May 18 -
ShoreBank in Chicago succeeded Monday night in pulling together the necessary private investment commitments to secure a lifeline from the Treasury Department.
May 18 -
The Treasury Department said Monday it has launched an offering of warrants to buy equity in Valley National Bancorp.
May 18 -
California lender Pacific Capital Bancorp can't pay dividends without Federal Reserve approval, the Fed said.
May 18 -
BOULDER, Colo. – Premier Members FCU plans to open a branch inside a new Wal-Mart Supercenter in Broomfield tomorrow.
May 17 -
As a similarly named neighbor was being taken over by regulators, First Midwest Bancorp Inc. decided to assert its strength.
May 17 -
Following its acquisition of Midwest Bank and Trust Co., FirstMerit Corp. is looking to beef up capital.
May 17 -
After Toronto-Dominion Bank agreed Monday to buy South Financial Group Inc. and bought three failed banks in Florida last month, the natural question is: What next?
May 17 -
State supervision of nonbank mortgage lenders — an industry group that was a key part of the "shadow" financial system widely blamed for the crisis — is becoming as tough as federal oversight of depositories. And in some ways, tougher.
May 17 -
Months after it was considered dead on arrival, a push to create a $30 billion small-business lending fund for community banks has found new life.
May 17 -
The secondary public offering of 2.5 million warrants for common stock of Valley National is part of Treasury's effort to recoup part of the $700 billion financial-sector bailout.
May 17 -
For the second time in a month, Toronto-Dominion Bank, Canada's second-largest bank by assets, scooped up a troubled U.S. bank, enabling it to expand its footprint in the U.S. southeast.
May 17 -
At the recent National Collections & Credit Risk Conference, financial experts shared their perspectives on managing collections in a presentation titled, “Decrease Defaults with Untapped Customer Information.” This article is a continuation of that discussion.
May 17 -
FARMINGVILLE, N.Y. – Fast-growing Teachers FCU has acquired a 20,400 square-foot office building in nearby Hauppauge, where it plans to build a new headquarters.
May 16 - Michigan
Despite aggressive efforts to stay alive, Midwest Bank and Trust was closed late Friday by Illinois regulators. The failure of the Chicago-area bank came on a night when the FDIC ...
May 14 -
NASHVILLE — For community bankers trying to figure out how they will make money going forward, the next six months are pivotal. That is the time to acknowledge and fix asset-quality problems and line up capital to finance expansion when the economy recovers.
May 14 -
Bryn Mawr Bank Corp. in Pennsylvania has announced plans to raise about $25 million in capital as it considers acquisitions.
May 14 -
Despite aggressive efforts to stay alive, Midwest Bank and Trust Co. was closed late Friday by Illinois regulators. The failure of the $3.2 billion-asset, Chicago-area bank came on a night when the Federal Deposit Insurance Corp. also found buyers for three other institutions, bringing the year's failure total to 72.
May 14 -
Less than two months before new rules on overdraft protection take effect, early indications suggest banks won't suffer as big a blow to fee revenue as feared.
May 14



