Retail & Commercial

Demand for distressed properties is driving up prices for the first time in two years as investors from Blackstone Group to Colony Capital chase shrinking inventory.

COLUMBIA, S.C. – Carolina Collegiate FCU yesterday opened a student-run branch on the University of South Carolina campus in the Russell House university union center.

In two lengthy interviews, John Walsh, the acting head of the OCC for nearly two years, offers his candid views on a range of subjects, including the FSOC's effectiveness and the reform idea he believes is "something worth dying for."

It took just three months for Orrstown Financial Services (ORRF) to find a new chief financial officer, but the move could not have come too soon.

NHB Holdings in Cottonwood Heights, Utah, has raised $7.6 million in fresh capital.

It may be hard for banks like Toronto-Dominion and New York Community to resist trying to outbid M&T for Hudson City, which agree to sell itself for a relatively low-priced offer.

Bank of Nova Scotia agreed to buy ING Bank of Canada for $3.16 billion, adding more than $30 billion in retail deposits to its balance sheet and 1.8 million customers.

Regulators have told Randolph Bank & Trust in Asheboro, N.C., that it is forbidden from paying scheduled dividends — including a dividend to the U.S. Treasury Department on its Troubled Asset Relief Program investment — until further notice.

Gulf Coast bankers say they were better prepared to handle the onslaught of Hurricane Isaac, which slammed into Louisiana on Wednesday. Bankers are better prepared seven years after Katrina battered the Gulf Coast, learning how to run their banks remotely and keeping plenty of cash on hand.

Few banks with trust-preferred debt would fall below the Basel III capital minimum without the securities. Many are using the phase-out as an opportunity to retire the high-cost funding.