Retail & Commercial

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including banks' subpar shareholder value and how big-data advocates can better communicate with critics who worry about the technology's potential discriminatory effects.

The refinance mortgage market's unexpected resilience in 2015 has come as the result of a number of well-timed factors coalescing to create a welcomed surprise to lenders.

Funding Circle has formed a partnership with H&R Block to provide loans to the tax preparation firm’s small-business customers.

There were doubts that CommunityOne could survive in 2011, even with the help of private equity and cooperation from regulators. Four years later, the North Carolina company is again profitable and healthy enough to consider acquisitions.

Citizens Financial Group in Providence, R.I., has hired John Bahnken as president of the wealth management unit of its bank. Bahnken had been a senior executive vice president of the wealth management group at BNP Paribas' Bank of the West.

A $12.4 million settlement aimed at providing debt forgiveness and cash payments to former Daymar College students ended a legal battle between Kentucky Attorney General Jack Conway’s office and the school.

IF Bancorp in Watseka, Ill., has named Linda Hamilton chief operating officer.

State Bank Financial in Atlanta has reduced its workforce by consolidating several company departments, as it pivots away from failed-bank loss-share agreements and looks to acquire healthy banks.

Glen Burnie Bancorp in Maryland is looking for its next chief executive.

The banking industry needs to pay attention to innovation in the payments sector, said Gregory Baer, the incoming president of The Clearing House Association.