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The Pennsylvania Department of Banking and Securities closed the $483 million-asset NOVA Bank in Berwyn on Friday, but the FDIC was unable to find a buyer for the failed bank's operations.
October 26 -
Cattail Bancshares in Atwater, Minn., has finally landed a deal after several years on the prowl. The $120 million-asset company has agreed to buy the $61 million-asset Citizens State Bank of Waverly.
October 26 -
Customers Bancorp's third-quarter earnings increased by 184% from a year earlier after the Wyomissing, Pa., company grew its balance sheet.
October 26 -
A combination of chargeoffs and a challenging economic environment weighed on UnionBanCal in San Francisco in the third quarter.
October 26 -
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Declining yields on fixed-rate mortgages are leading bankers to sell more of those loans on the secondary market. To them, yields on 15- and 30-year mortgages are insufficient to cover the risk of an inevitable rise in interest rates.
October 26
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With limited resources to invest in new technologies, banks need to place small bets on a portfolio of promising options, team up with innovation partners and exceed customer expectations.
October 26
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TCF, the Wayzata, Minn., bank recorded a $20 million charge in response to new regulatory requirements for loans to homeowners who have been through bankruptcy. The directive has hurt profits at a slew of banks.
October 26 -
Until regulators are made more independent of the bankers they supervise, all the lawsuits and campaign promises in the world won't fix the financial system, says Neil Barofsky, former special inspector general of Tarp.
October 26 -
Retiring Visa chief executive Joseph Saunders revealed a secret ambition to become a journalist. We hope he's prepared for the pay cut.
October 26
