Retail & Commercial

Most of the $45 million value of 1st United Bancorp's deal for Enterprise Bancorp is a gamble by Enterprise shareholders that they can keep and collect on Enterprise's problem assets. It's a clever way to avoid a common dealbreaker.

Tim Pawlenty, the CEO of the Financial Services Roundtable, says that complying with new regulations is the foremost concern for retail bankers. He spoke with American Banker at the Best Practices in Retail Financial Services Symposium.

American Express (AXP) said Monday that it plans to repurchase up to 150 million shares of its own stock, in accordance with a proposal approved earlier this month by federal regulators.

Community Bank of Tri-County in Waldorf, Md., has named senior lending officer Todd Capitani its chief financial officer.

Two historical allies of the housing industry's push for more homeowners – the National Council of La Raza and the National Community Reinvestment Corporation – are now endorsing a cut in the mortgage interest deduction.

First BanCorp (FBP) in San Juan, Puerto Rico, is delaying its annual filing because of issues with disclosure requirements.

The Federal Reserve Board has approved FirstMerit's pending acquisition of Citizens Republic Bancorp (CRBC) in Flint, Mich.

Startup CommonBond crowdsources funds from alumni members and interested investors to establish a loan pool for student lending.

Bank of America (BAC) will prevent Chief Executive Brian Moynihan from completely cashing out of its stock for a year after his retirement, according to a news report.

The Securities and Exchange Commission will not punish United Community Banks after an accounting investigation, the Blairsville, Ga., company said Monday.