Retail & Commercial

The Indiana bank states that it has made major strides since deficiencies were identified more than a year ago.

Anchor Bancorp (ANCB) in Lacey, Wash., will increase its fiscal-year fourth-quarter loan-loss provision by $1.1 million, leading to an expected loss for the period.

Umpqua executives were scratching their heads Friday over the sudden drop in the company's stock price following what appeared to be a strong earnings report this week. TCF, PacWest and Associated also saw slides.

Trade association chief says group polled members and decided allowing the coverage to continue would reduce uncertainty. But group's position still differs from ICBA's proposed five-year extension.

The rapidly expanding First Republic Bank (FRC) will open a branch in the wealthy south Florida enclave of Palm Beach, its first office in the Sunshine State.

The California company received the FDIC's blessing to sell 11 loans covered by loss-sharing arrangements. Industry observers believe more sales could take place now that this deal has been cleared to take place.

Associated Banc-Corp (ASBC) in Green Bay, Wis., reported its highest quarterly profit since early 2008 as commercial and business lending surged.

Discover Financial Services is launching additional perks to its flagship credit card under the Discover It tagline in a test involving about 10% of the U.S. market, including Chicago.

Employee compensation costs are eating into planned expense cuts, but CEO Bill Rogers says that with revenues on the rise, that's a trade-off he'll take any day.

Many high-tech approaches to payments are short-lived. A lucky few get a second chance to disrupt the market.