Retail & Commercial

ST. PAUL, Minn. – Affinity Plus FCU unveiled its new 22,000 square-foot branch in nearby Roseville, the largest of the $1.5-billion credit union’s 26 branches.

Lenders must have their paperwork in order before filing a foreclosure, the Supreme Court of Ohio ruled Wednesday in dismissing a lawsuit brought against Duane and Julie Schwartzwald, homeowners in Xenia, Ohio, by Freddie Mac.

Visa Inc. (V) announced adjusted quarterly net income of $1 billion on Wednesday, up nearly 14% from the same period last year, as revenues grew by 15%.

Operations began to return to normal for several large banks on Wednesday in areas hard hit by Hurricane Sandy.

While standards for issuing government-backed loans have clearly tightened for borrowers with spotty credit, bankers report the criteria for someone with a good credit score mirrors standards used before the crisis.

Community & Southern Bank in Atlanta is launching a mobile banking app that includes a mobile deposit feature.

More small banks with good credit quality are seeking buyers because their growth prospects are dim.

Two community banks — Central Bancorp in Somerville, Mass., and U.S. Century Bank in Doral, Fla. — delayed shareholder votes on pending deals, blaming complications from Hurricane Sandy.

Bureau’s first issue of “Supervisory Highlights” identifies issues with credit limits and inadequate mortgage disclosures as some of the violations found in first year of exams carried out by the new agency.

CEO Scott Kisting says the Spokane, Wash., which recently agreed to buy the $1.2 billion-asset PremierWest, realizes the value of scale. AmericanWest will still look at banks of different sizes, but it now prefers bigger deals.