Retail & Commercial

Developing a mobile wallet for consumers is one thing. Getting those consumers interested and educated about how the wallet works and why they should use phones for payments is an entirely different matter.

Patterns in the private student-lending industry are dangerously similar to those seen in the housing market prior to its collapse, according to a study expected to be released Friday by the Consumer Financial Protection Bureau.

DALEVILLE, Ala. – Army Aviation Center FCU opened its new operations center, a 42,500-square-foot building that cost $8 million to build.

CENTERVILLE, Utah – America First CU said it will maintain a branch at the Dick’s grocery store that closed last Saturday.

HOUSTON – Texas Dow Employees CU has increased its lease commitment in the Marathon Oil Tower, a 41-story building in the Galleria area of Houston.

The Federal Reserve Board has put the kibosh on Virginia Commerce Bancorp's plan to start paying back the Treasury Department this summer.

The FDIC wants banks to remove its name from a fee that covers their deposit insurance assessments. Bankers say the instruction runs counter to complaints that bank fees are often too vaguely defined.

AmericanWest in Spokane, Wash., announced Thursday it plans to acquire the $221 million-asset Inland Community Bank for $23.7 million, or 95% of its book value. It is AmericanWest's third acquisition in California in a year.

Porter Bancorp (PBIB) of Louisville, Ky., did not have to look far to find the new leader for its struggling bank.

The Federal Reserve Board has ended a written agreement with Premier Financial that required the Dubuque, Iowa, company to develop a plan to maintain sufficient capital and an adequate allowance for loan and leases losses.