Retail & Commercial

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First Horizon National (FHN) in Memphis said Monday that it will take a $272 million charge in the second quarter primarily for mortgage repurchases from Fannie Mae and Freddie Mac.

BRATTLEBORO, Vt. – River Valley CU announced it is going to close its branch at the Windham Regional Career Center, which it opened to provide financial education.

The insurance unit of BancorpSouth (BXS) has agreed to buy the assets of Securance Group, an insurance agency in Brewton, Ala.

Almost three fourths of financial institutions do not provide small-dollar or direct deposit loans to customers but some are considering entering this line of business, a new survey from RateWatch found.

Struggling First Place Financial (FPFC) in Warren, Ohio, has turned to longtime banking executive Louis Dunham to help lead its recovery.

The Libertarian think tank has turned to the veteran banking veteran to resolve a longstanding battle between its co-founders.

Citigroup (NYSE: C) has named a new head of small-business banking and created a new position within the group to help it better identify potential customers.

The Basel Committee on Banking Supervision is currently entertaining tougher capital rules for certain types of construction and commercial real estate loans. If the rules go through, they could ice small banks' plans for returning to profit growth.

Jamie Dimon never had it, actually. He assiduously avoided subprime consumer credit, leaving profitable business on the table, but JPMorgan's recent trading loss reveals lax management of much greater risks.