Retail & Commercial

A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.

Business First will raise $66 million through a stock placement to help fund the deal.

Facing persistently low loan yields, increased competition and higher regulatory costs, many community banks are at risk of becoming irrelevant unless they rethink their business models.

The $30 million acquisition has hit a snag over problems with Franklin’s commercial real estate portfolio.

The loan product, which allows consumers retroactively to adjust a payment amount, illustrates how community-based institutions are trying to reach technologically savvy consumers.

The Ohio company's CRA rating took a hit after it inadvertently overcharged some customers.

The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement.

Rhode Island’s oldest CU is adding branches in the southern part of state, including purchasing former bank branches.

The big four core vendors have had little incentive to innovate in recent years. But newer competition will force them to update their technology if they wish to survive the digital age.

Cathy Bessant of Bank of America talks about the "nobility" of banking and how it helps change people's lives for the better.