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Fourth-quarter profits at Wintrust Financial in Rosemont, Ill., climbed 54% to $54.6 million from a year earlier, helped largely by acquisitions and increases in mortgage banking and other fee income.
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The $143 billion-asset company has agreed to buy the Retirement Corporation of America, an advisory firm based in Fifth Third’s headquarters city that focuses on the needs of retirees.
January 19 -
Commercial real estate loan growth and the Hudson City acquisition fueled fourth-quarter profit growth at M&T Bank in Buffalo, N.Y.
January 19 -
CUs tap new branch managers, Keesler names new CFO and other credit union professionals in the news.
January 19 -
Strong growth in commercial and CRE lending also led record to interest income in the quarter.
January 19 -
The Cleveland company also had a record quarter for its investment banking business.
January 19 -
Profit surged at BB&T in Winston-Salem, N.C., during the fourth quarter, driven by various acquisitions and growth in business lending.
January 19 -
A 9% increase in interest revenue helped to offset relatively flat growth in fee revenue.
January 19 -
BorrowersFirst said its new financing will come from Waterfall Asset Management, a New York firm that focuses on high-yield investments.
January 19 -
A consortium of fintech companies have formed a new industry group to advocate for better data sharing via open APIs.
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