Retail & Commercial

The company will pay $51 million for Bank of Napa, adding two branches and nearly $250 million in assets.

FHFA Director Mel Watt said Fannie Mae and Freddie Mac cannot use alternative credit models until other issues are resolved first.

Insurers are seeing modest gains in market share as banks, facing increased scrutiny from regulators, lightly tap the brakes.

A bipartisan duo of lawmakers is set Tuesday to introduce a bill designed to increase homeownership opportunities for “credit invisible” consumers.

Doug Bowers said the company has moved beyond past issues, including corporate governance shortcomings and the abrupt departure of his predecessor, and is ready to bring in more loans and core deposits.

Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.

Core deposit growth might be the best indicator of which banks will have true staying power in the years ahead.

Royal Bank of Canada has updated its mobile app to enable personal banking users to ask Siri to pay their bills on iPhone and iPad.

The company said that Dennis Shaffer, its president, will succeed James Miller at the end of this year.

The company agreed to buy County First Bank in a cash-and-stock transaction.