Retail & Commercial

The New Jersey company reported lower third-quarter profit that included severance costs from a two-year program to boost its bottom line.

A planned spinoff, combined with several new ventures, should help BankMobile turn the corner, says Luvleen Sidhu, the digital-only bank's president.

Harvey slammed the Houston area this summer, but Prosperity Bancshares' profit dropped only slightly in the third quarter, and it described the financial impact as "manageable."

Banks around the world have spent the past few years preparing for competition from small, nimble technology startups. It turns out the real threat may be Jeff Bezos, according to McKinsey & Co. In its annual banking report.

BOK Financial benefited from rising interest rates in the third quarter even as it reported declines in fee income and commercial real estate loan balances.

Consolidation has led to too few community banks, which is amplified in areas where capital is needed most.

The traditional community bank model of "being local and providing good service" no longer provides an competitive edge in a world dominated by online banking, according to Douglas Kennedy, CEO of Peapack-Gladstone.

Pence breaks tie to overturn rule prohibiting mandatory arbitration; depositors receiving higher rates in effort to retain them.

The company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal.

As more loans go bad across the credit card industry, the Riverwoods, Ill.-based company boosted its provision for loan losses by 51%.