Retail & Commercial

Consumer credit is showing signs of strength as Americans seek to shrug off the effects of the financial crisis, according to two sets of data released Monday.

WESTBOROUGH, Mass. – St. Mary’s CU this afternoon is holding a grand opening for a new branch it built by renovating a former Friendly’s ice cream restaurant.

JPMorgan Chase's decision to freeze much of its credit card debt collection operations ahead of regulatory actions appears to have cost it hundreds of millions of dollars.

Nasdaq has granted Broadway Financial (BYFC) in Los Angeles a six-month reprieve to raise its share price.

First Interstate BancSystem (FIBK) in Billings, Mont., has named Kevin Riley its next chief financial officer. Riley is leaving Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., where he has been CFO since 2007.

Eastwood plans to acquire the Austin, Minn., branches of QCR's Community National Bank along with $30.8 million in loans and $36.8 million in deposits, the companies announced Monday.

Credit unions have long charged their depositors lower overdraft fees than banks, but that gap is shrinking, according to new survey data.

The $442 million-asset company began raising the capital on June 21; the campaign closed on Friday, according to a regulatory filing.

Six banks in Poland have created a joint venture to develop common mobile payment standards to comply with national regulations — a move that leaves card networks out of the equation.

First Federal Bancshares of Arkansas (FFBH) in Harrison has agreed to buy First National Security in Hot Springs, Ark.