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Once the Puerto Rican company repays its Tarp funds, management will focus on growing in New York and south Florida. The company also hopes to benefit from any improvement in the Puerto Rican economy.
June 19 -
The Department of Justice and Consumer Financial Protection Bureau's joint action against GE Capital Retail Bank, which recently changed its name, stems from alleged discrimination against Hispanics and marketing of add-on products.
June 19 -
The company is suing Basswood Capital, claiming the activist hedge fund unlawfully accumulated a large stake by violating a confidentiality agreement. It also claims that Basswood's meddling resulted in a subpar capital raise last month.
June 19 -
Former CFPB honcho Richard Hackett is leading industry-funded studies that probe the limitations of the bureau's own research.
June 19 -
The Federal Housing Administration has issued guidance to lenders to prevent deceptive marketing of reverse mortgages to seniors.
June 19 -
Chesapeake Bank & Trust in Chestertown, Md., has begun searching for a new chief executive.
June 19 -
PNC first tested one of the small, temporary branches loaded with technology in Atlanta, and Georgia chief Eddie Meyers wants to bring to bring back more as part of a diverse branching strategy that balances personal service and efficiency.
June 19 -
Union Savings Bank in Ridgefield, Conn., kept sponsoring its local symphony even during the recession when a lot of businesses cut back on giving to the arts.
June 19 -
The nonperforming residential mortgage market is hot, and may be getting a little too hot, with bidding extremely competitive, loan sales advisors say.
June 19 -
Hovde Group in Chicago has hired two former Sandler O'Neill research analysts to lead its equity research group.
June 19
