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The agency sold nearly 10.3 million shares in First BanCorp in San Juan, Puerto Rico, for $57.7 million.
May 10
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CUs are holding blood drives, casual days, bake sales and more to give back to their communities and enrich the lives of the members they serve.
May 10
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The recent earnings season shined a light on community bankers’ tactical moves. Here’s a look at what some institutions are planning in coming months.
May 10
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After a bogus-accounts scandal spooked new clients and crimped profitability, Wells Fargo may eliminate more branches and dismiss staff.
May 10
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The consumer banking experience still needs work. But instead of investing money in consumer-facing products, we must invest in critical yet less sexy infrastructure improvements.
May 10
Canaan Partners -
A tech JV between Live Oak and First Data aims to do for small-business deposits what the bank previously did for lending.
May 10
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The CUSO has joined with the Center for Financial Services Innovation’s Financial Health Network to help credit unions and other institutions improve their small-dollar lending practices.
May 10
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The Consumer Financial Protection Bureau plans to launch an inquiry into small-business lending, the first step toward crafting a rule for the collection and reporting of data.
May 10
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The Pasadena, Calif., firm also reported growth in the number of active prepaid cards for the first time since the second quarter of 2015. Profits rose by 24%.
May 9
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One Bank & Trust in Arkansas just sold itself to the Treasury, resolving a legal judgment and clearing the way for a resale to the private sector.
May 9
