Retail & Commercial

Riverview Bancorp in Vancouver, Wash., is in talks with an activist investor about a board seat.

Almost two-dozen banks in New York City do not appear to offer or widely advertise basic checking accounts, although state law requires it, the New York City Comptroller said Friday.

Worth Carter is reluctant to talk to investors and media. He is tight-fisted with costs and is willing to hold off making loans. His namesake bank doesn't offer online banking. But the institution is riding a hot streak of profitability that would make other banks jealous.

Community West Bancshares in Goleta, Calif., said that a litigation settlement concerning its sale of residential-mortgage loans will reduce its second-quarter profit.

A watchdog group is proposing a ballot measure that would impose a cap on interest rates charged by the lenders.

Highlands Bancorp in Vernon, N.J., has acquired LCD Mortgage, a residential mortgage originator in Totowa, N.J.

Private mortgage insurers see deeper coverage of GSE loans as a way to expand business, while lenders hope it could lead to a reduction to guarantee fees.

A city of Los Angeles lawsuit accusing Wells Fargo & Co. of opening bank accounts without customers' permission in order to reach sales quotas should be heard in federal court, according to the bank.

People's Utah Bancorp in American Fork has filed for a $36.3 million initial public offering. The $1.4 billion-asset holding company for Bank of American Fork and Lewiston State Bank plans to sell 2.5 million shares of common stock for $14.50 each.

Town officials in Manchester, Conn. have hired a collection agency to pursue people who are delinquent on their motor vehicle taxes.