Retail & Commercial

California regulators are warning banks and credit unions chartered by the Golden State to refrain from processing transactions for 16 online consumer lenders.

Enterprise Financial and Reliance Bancshares in St. Louis, under pressure to grow like most community banks, believe they have figured out how to expand into faraway markets yet avoid the mistakes that cost many banks during the financial crisis.

The Consumer Financial Protection Bureau penalized two nonbank mortgage lenders on Wednesday for incorrectly reporting data to regulators in a move certain to draw significant attention from the rest of the industry.

WASHINGTON — Federal regulators on Wednesday urged banks and other financial institutions to consider loan modification plans for borrowers affected by the government shutdown, which is now in its second week.

Reports that the ceiling on government-backed mortgages may fall at the start of 2014 have much of the housing industry up in arms.

Banks tightened their small-business lending in September after three months in which they approved more loans, a slowdown that could reflect banks' anxiety over the government shutdown.

An estimated 48,000 foreclosures were completed in the U.S. in August, down from 72,000 in August 2012, a decrease of 34%, reports CoreLogic.

TGR Financial in Naples, Fla., has agreed to buy Shamrock Bank of Florida.

Century Bancorp (CNBKA) in Medford, Mass., said Thursday that its third-quarter profit fell slightly due to a decline in loan balances.

Plaza Bank in Irvine, Calif., has hired Michael Vantrease as an executive vice president and its chief administrative officer.