Retail & Commercial

Most of the delinquencies and chargeoffs were in the bank’s credit card and auto loan portfolios

Northwest, which produced lackuster first-quarter results, said it will close all 44 offices of Northwest Consumer Discount Co. by mid-July. The unit’s loans will be transferred to Northwest’s bank for servicing and collections.

Chaos broke out periodically as investors and activists spoke out against the board, at times yelling or choking back emotion.

Some analysts suggest CUs cut fees in order to boost revenue, but CU’s haven’t wholeheartedly embraced that philosophy – at least not yet.

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.

Shareholders voted to re-elect 12 board members and elect three more nominated by the company, but the slim margins sent a clear message.

The $1.8 billion-asset institution converted to a federal charter out of a desire to broaden its member base and make member business loans.

While bankers are becoming accustomed to the idea that artificial intelligence and software "bots" will affect their business, a "Jetsons"-style robot is a novel feature at a branch.

The startup Dave (just Dave) sells an app that forecasts short-term bank balances and sends users small-dollar advances when necessary, part of a wave of efforts to improve consumers’ financial health using digital tools.

The results handily beat estimates as the company benefited from CEO Ellen Alemany’s ongoing effort to shed businesses and simplify operations.