Retail & Commercial

Cornerstone Bank in York, Neb., has agreed to acquire Guide Rock State Bank in Nebraska.

The Ohio company has been giving customers longer grace periods to address overdraft charges. While it has seen service charges decline, the company has been adding customers and checking accounts.

BankUnited in Miami Lakes, Fla., reported a decline in second-quarter profit as increased costs from its Federal Deposit Insurance Corp. indemnification asset offset a sharp uptick in new lending.

The $36.8 billion-asset bank earned $597.5 million in the second quarter, compared to a loss of $511.3 million a year earlier. Earnings per share were $5.80.

One of the biggest U.S. mortgage lenders is looking to disrupt the disruptors in the market for peer-to-peer loans.

Discover Financial Services is ready to take a few steps — measured, tentative, exhaustively analyzed steps — down the credit spectrum, its chief executive said.

A new compromise package in a Senate highway funding bill proposes to raise $2.4 billion by handing the job of tax collection over to private collection agencies.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

Financial institutions worldwide are exploring the possibilities for faster, cheaper, more transparent processing of global payments in near real time offered by distributed software solutions, including blockchains and distributed ledgers. Because this is a new field of study, these technologies are often misunderstood or mischaracterized.

Hancock Holding in Gulfport, Miss., reported lower second-quarter profit, citing higher incentive pay for employees and lower yields on both loans and securities.