Retail & Commercial

American Express plans to debut an online loan platform for small-business clients this year, targeting territory occupied by startups like Square and On Deck Capital.

Royal Credit Union on Friday said it has entered into a definitive agreement to acquire the Apple Valley, Minn., office of Deerwood Bank.

The $1.1 billion-asset company said in a press release Friday that it had combined its $492 million-asset CNB in Centreville, Md., and the $615 million-asset Talbot Bank in Easton, Md., to create Shore United Bank.

Banc of California in Irvine has changed its bylaws to allow for majority voting for directors.

For the second time in six weeks, the online lender Avant is taking steps to reduce the size of its workforce.

Franklin Financial Services in Chambersburg, Pa., has find a successor for its chief executive.

The U.S. mortgage market is of course considerably smaller, safer and less accessible than it was nine years ago.

Affirm's head of new markets, Brad Selby, says hidden fees and onerous compounding interest terms are trapping too many consumers in deep credit card debt.

Fannie and Freddie regulator's first report on NPL sales shows more borrowers avoid foreclosures when their loans are sold to investors.

The $99 million-asset thrift said in a recent press release that Best Hometown Bancorp, a holding company it created, raised $8.3 million as part of an initial public offering tied to its mutual-to-stock conversion. Home Federal also plans to change its name to Best Hometown Bank.