Retail & Commercial

The Freedom Bank of Virginia has extended the deadline for its $4 million stock offering in response to investors' requests for more time.

National Bank Holdings in Greenwood Village, Colo., has announced the retirement of director Lawrence Fish.

Summit Community Bank in Moorefield, W.Va., said Wednesday that it has shed an enforcement action and completed the first portion of its private placement with Castle Creek Capital Partners.

The growing influence of two directors known for seeking big changes at other banks has raised questions about whether Naugatuck Valley Financial in Connecticut may be put up for sale.

Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

U.S. Bancorp recently began offering paperless account opening after seeing good results from electronically signed and documented lending. Yet a large segment of the industry still hesitates to use this technology, for legal, technical and cultural reasons.

Lateral moves can be a way for women in banking to expand their knowledge base and make themselves more appealing candidates for upper management positions, according to the head of TD Bank's consumer bank Nandita Bakhshi.

It is a bold claim: Banks could potentially originate 300,000 more home loans per quarter without taking on too much more risk.

A final judgment against Bank of America in a mortgage-bond lawsuit by the Securities and Exchange Commission was signed by a federal judge, helping clear the way for the lender to complete a $16.7 billion global settlement of claims it misled investors about risk.

Outstanding household debt rose by $78 billion in the third quarter compared with the previous three months, to $11.71 trillion, according to the Federal Reserve Bank of New York’s quarterly Household Debt and Credit Report.