Retail & Commercial

City Holding of West Virginia is buying Community Financial, which had a 120% loan-to-deposit ratio at March 31. The deal allows City Holding solve an issue plaguing many community banks: how to find loans to offset record deposit growth.

Citizens Republic Bancorp Inc. (CRBC), the Michigan lender that has yet to repay a $300 million U.S. government bailout, is soliciting takeover bids from competitors, said three people with knowledge of the matter.

CertusBank has agreed to buy Myers Park Mortgage, a private mortgage company in Charlotte, N.C.

OceanFirst Financial announced Friday that its president and chief operating officer, Vito R. Nardelli, is stepping down at the end of August "to explore various professional and personal opportunities."

Credit card portfolio sales this year have snapped back to a pace last seen before the recession took hold. Their prices are also rising.

American Express said it may be forced to refund customers as bank regulators weigh enforcement actions based on consumer-protection laws.

FHFA nixes principal reductions; Democrats seethe but bankers cheer DeMarco; end in sight for refi boom.

American Express Co., the biggest credit-card issuer by purchases, said it may be forced to refund customers as bank regulators weigh enforcement actions based on consumer-protection laws.

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City Holding in Cross Lanes, W.Va., continues to bulk up in Virginia, announcing late Thursday that it is buying Community Financial in Staunton for $26.1 million in stock.