Consumer banking
Consumer banking
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Alexi Giannoulias, a Democrat in a race for the Senate against five-term U.S. Rep. Mark Kirk, a Republican, warned of the possible fate of his family's Broadway Bank during a Wednesday meeting with the Chicago Sun-Times editorial board, according to local media reports. Giannoulias would not comment to American Banker.
March 4 -
Though the $16.4 billion-asset company, led by the real estate developer Howard Milstein, insists its problems are under control, analysts paint a bleak picture of a company that could snap under further stress without additional capital.
March 4 -
DUBUQUE, Iowa – Dupaco Community CU is building a second branch in nearby Cedar Rapids, one of two planned for 2010 by the $780 million credit union.
March 4 -
ATMs have long been primarily used for withdrawals, but as envelope-free deposits and other advanced features have become more common, the range of typical uses for ATMs has expanded.
March 4 -
ROCHESTER, N.Y. – Consonus, of Cary, N.C., and its data center relocation partner Hi-Tech Transportation, relocated 200 computer servers and other data center devices to ESL FCU’s new headquarters in just 12 hours last Saturday – returning one of the country’s largest credit unions to full operational status by Sunday afternoon.
March 4 -
Advantage Credit Repair LLC in Chicago and Mark D. Solomon, company president and owner, agreed to settle Federal Trade Commission charges filed last year for falsely claiming the firm would improve consumers' credit ratings.
March 4 -
Linda Almonte, a former assistant vice president at JP Morgan Chase, has filed a lawsuit against the banking giant claiming that its credit card unit misrepresented information about a portfolio of card debt for sale.
March 4 -
LOWELL, Mass. – Jeanne D’Arc CU will open a new branch inside nearby Methuen High School, the credit union’s fourth high school branch.
March 3 -
RAPID CITY, S.D – In rare supervisory action, NCUA yesterday issued a cease and desist order directing Rapid City Telco FCU to halt construction on its new branch, near the presidential monuments Rushmore Crossing shopping center, or any additional fixed assets without NCUA approval because the $47 million credit union has exceeded the agency’s fixed assets rule.
March 3 -
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One Main Street LLC, an investment fund in New York City, has announced an agreement to buy the tiny Liberty Bank Inc. in Salt Lake City with a plan to expand it into a regional bank.
March 3 -
Call me nuts, but in an increasingly competitive and commoditized industry, "friend" seems like a strategically good place to be. What will you and your team do to make friends (and future customers) this week?
March 3 -
Midwest Banc Holdings Inc. has won another round in its battle for recapitalization, as a result of an unusual move by the Treasury Department.
March 3 -
Credit Bureau Collection Services, a Columbus, Ohio collection agency, will pay a civil fine of $1.1 million to settle Federal Trade Commission charges that it violated federal law by inaccurately reporting credit information and pushing consumers to pay debts they often did not owe, FTC officials said today.
March 3 -
The longtime chairman of Brookline Bancorp in Massachusetts resigned late last month after his board voted to reject a buyout offer, but he did not leave quietly.
March 2 -
Valley Commerce Bancorp of Visalia, Calif., said it lost $2.1 million in the fourth quarter, compared with earnings of $417,000 a year earlier.
March 2 -
Camco Financial Corp. of Cambridge, Ohio, said it narrowed its fourth-quarter loss by $4 million from a year earlier, to $11.8 million.
March 2 -
While the Obama administration's efforts to boost small-business lending languish on Capitol Hill, lawmakers are pressing an alternative.
March 2 -
Iberiabank in Lafayette, La., is reloading with heavier artillery. The $9.7 billion-asset company announced plans Tuesday to raise another $300 million, plus a 15% option for underwriters.
March 2 -
A Washington, D.C. lawyer, accused late last year of collecting more than $1.2 million from homeowners with false promises to arrange loan modifications, has been charged with bank fraud after depositing $2.4 million in counterfeit checks at several banks.
March 2



