Retail & Commercial

After the financial crisis led to a long nationwide drought in the creation of new banks, the second de novo bank application in less than a year has been submitted in California.

Delinquencies are rising among the sector's less creditworthy borrowers, which is contributing to smaller returns for investors. This sets up the first major test for an industry that blossomed during a period of unusually low defaults.

The Independent Community Bankers of Minnesota said Jim Amundson will be its next president and chief executive.

The Sixth Circuit recently upheld an Ohio federal court's decision to throw out a Telephone Consumer Protection Act suit brought by two hospital patients.

Two big Canadian banks reported quarterly results on Thursday.

Preparing for the inevitable future credit crisis by setting aside more loss reserves is a step toward avoiding government bailouts.

Professional race car driver Scott Tucker has pleaded not guilty in New York to charges in a payday lending scam.

Though bank analysts like Matthew Schultheis generally expect M&A activity to continue at a brisk pace for several years to come, stock market volatility could prove to be an issue for potential dealmakers in the near term.

County Bank, the holding company for the $324 million-asset Lapeer County Bank & Trust, said in a press release that it will pay $20 million, or $27 a share, in stock for the parent of the $245 million-asset CSB Bank.

Debt held by consumers in the U.S. as they age is rising, according to an analysis by the Federal Reserve Bank of New York.