Retail & Commercial

Bank of Bird-in-Hand in Pennsylvania has hired a president and chief executive.

Liberty Bell Bank in Marlton, N.J., has appointed a new chief executive as it continues to work through credit issues.

After years of shedding debt, consumers are relying more on nonhousing credit to increase their purchasing power, according to a report from the New York Fed.

The Federal Reserve said it plans to oversee General Electric Co.'s finance unit in a similar manner to the way it supervises large bank-holding companies.

Fannie Mae and Freddie Mac will let borrowers who have gone through foreclosure buy back their homes at market prices under a policy shift announced by the regulator for the two U.S.-owned companies.

FDIC third quarter report shows pop in loan buybacks and indemnifications.

The billionaire investor George Soros is in talks to throw his support behind the peer-to-peer finance industry, which is increasingly leaning on traditional capital sources to lower its costs of funding.

University Bancorp in Ann Arbor, Mich., agreed to acquire the 20% stake in Midwest Loan Services that it doesn't already own for about $3.1 million in stock, cash and other considerations.

Banks and thrifts earned $38.7 billion in the third quarter, a 7.3% increase from a year earlier but slightly down from the $40.1 billion earned in the second quarter, the Federal Deposit Insurance Corp. said Tuesday.

Millennials frequent independent coffee shops and farmers markets, so it stands to reason they'll see the appeal in community banks. Meanwhile, smaller lenders can court young people by appealing to their entrepreneurial spirit.