Retail & Commercial

As branch traffic declines, community banks are considering how to enter new markets with products such as online and mobile banking.

PNC's decision to slim down and overhaul its branch network could inspire other banks to follow suit and finally start rethinking their expensive and outdated physical locations. American Banker editors discuss why most banks need to close down more branches, and why some regional and community banks remain committed to their existing networks.

TransUnion announced Tuesday that it completed the acquisition of Boca Raton, Fla.-based TLO, a risk information and analytics company.

TransUnion's annual auto loan forecast calls for increases in both delinquency and debt levels during 2014.

Branches are outdated, expensive and unwieldy. For years, bankers have postponed dealing with the dead weight. Now it looks like they’re starting to make the necessary hard decisions. Finally.

Community banks' prospects will improve if they accept that the financial services industry is changing. They must re-examine strategies and business models, and experiment and improvise to exploit new opportunities.

Amalgamated Bank of Chicago has named David Knopp its next president.

New York Attorney General Eric T. Schneiderman on Tuesday announced a settlement with Manor Resources LLC, a Delaware company that offered short-term auto title loans, secured by borrowers’ vehicles, at usurious rates of interest.

Union First Market Bancshares (UBSH) in Richmond, Va., plans to remake its board and expand its executive team after acquiring StellarOne (STEL) in Charlottesville, Va.

LNB Bancorp (LNBB) in Lorain, Ohio, has sold $3.7 million of stock as part of a plan to exit the Troubled Asset Relief Program.