Retail & Commercial

JPMorgan Chase & Co., the largest U.S. bank, said internal stress tests show the company would come through an economic crisis with more than enough capital to stay in business.

A mountain of regulations set to go into effect in January, the Fed's mixed signals and fair lending issues topped the list of concerns at a recent mortgage bankers' risk management conference in Phoenix. American Banker's Kate Berry, who attended the event, reports.

Larry Uhlick will retire as chairman of the Birmingham, Ala., company's bank on Sept. 30. BBVA Compass also said in a press release Monday that Manolo Sanchez, the bank's president and chief executive, will succeed Uhlick.

SB Financial (SBFG) in Defiance, Ohio, has filed a shelf registration that would allow it to raise up to $30 million over the next three years.

The acquisition-minded Heritage Financial and Washington Banking are said to be seeking targets to nearly double their size, motivated in part by the recent Umpqua-Sterling deal.

Activist investor Lawrence Seidman is pressuring OBA Financial Services to find a buyer, saying its poor asset growth, lagging efficiency and "abysmal" returns on average assets and average equity make it necessary.

Bank of America Corp., the second-largest U.S. bank, said it could survive a deep U.S. recession that includes a 21 percent drop in housing prices and an 11.7 percent jobless rate.

J. Michael Cline will retire from his position as president and CEO role at the end of 2013, the $265 million-asset company announced Monday.

First Citizens Banc Corp (FCZA) in Sandusky, Ohio, plans to raise up to $25 million to redeem shares it originally issued as part of the Troubled Asset Relief Program.

TD Bank Group acquired half of CIBC's Aerogold card portfolio mainly to provide more card services for its customers and solidify its position as the top issuer in Canada, TD Bank CEO Ed Clark told investors Sept. 16 during a conference call.