Retail & Commercial

GSE regulator says Fannie and Freddie are responsible for monitoring servicers.

There are plenty of reasons why small banks may be reluctant to amp up their social media presence. But this week's bad weather illustrates how these platforms can provide a real value-add.

Douglas Biddle has succeeded Denise Portmann as CFO at Bank of the Pacific, the $705 million-asset company said in a press release Thursday.

First Trust in New Orleans has been freed from a written agreement with the Federal Reserve Board.

North Shore Bank in Peabody, Mass., has agreed to merge with Saugusbank in Saugus, Mass.

Peoples Financial Services in Scranton, Pa., reported a fourth-quarter loss tied to its merger with Penseco Financial Services. The $1.7 billion-asset company lost $2.8 million in the quarter, compared to Penseco's $2.7 million in profit a year earlier.

A Tampa homeowner is suing Bank of America (BAC) and U.S. Bancorp (USB), claiming that the banks delayed processing his mortgage payments in order to earn extra interest for themselves.

United Bancorp in Martins Ferry, Ohio, said its chief executive is stepping aside and that his son will take over day-to-day management.

West Virginia's City Holding is content to have loan officers drive several hours to pursue lending opportunities rather than relying on aggressive M&A. Part of the approach is tied to lessons learned from a risky strategy that blew up on a previous management team in the 1990s.

Housing and Urban Development Secretary Shaun Donovan says it’s important for investors in mortgage-backed securities to receive a fair price for seized mortgages.