Retail & Commercial

The former chief financial officer of the failed Tennessee Commerce Bank has taken the same role at First Financial Service Corporation, a struggling Kentucky bank.

Cardlytics, which provides targeted offers to debit card users, is offering a similar technology designed for credit card portfolios, the company announced May 16.

Just weeks after Capital One Financial (COF) said it was cutting 500 assistant manager jobs at its branches, FirstMerit (FMER) in Akron, Ohio, announced this week that it would eliminate all assistant branch manager jobs as part of a broad cost-cutting initiative.

Activist investor Joseph Stilwell is not winning much outside support in his bid to force changes at First Financial Northwest (FFNW) in Renton, Wash.

Still unable to wire their money to family back home, many Somali-Americans in Minnesota recently lined up to withdraw their deposits from U.S. Bancorp (USB) and Wells Fargo (WFC) or have vowed to do so soon.

CFS II, a Tulsa, Okla.-based debt collection agency, is scouting offices in North Carolina to potentially open a call center with as many as 2,000 jobs, according to company officials.

A month after expanding into Connecticut with its acquisition of a Hartford bank, Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., has added one of the state's most famous citizens to its board of directors.

Private-label credit card issuing still has plenty of room for growth, if Alliance Data Corp.'s recent wins among niche retailers are any indication.

I was surprised and disappointed by Jim Well's BankThink piece"Are Small Banks Big Banks' Pawns in Assault on Dodd-Frank?". As chair of the American Bankers Association's Community Bankers Council, I have the honor and responsibility of being a spokesperson for the community banking industry. I take this job seriously, and took great care to report on the growing regulatory burden that is suffocating our nation's small — but vital — financial institutions.

Cardlytics announced Wednesday that the company, which provides targeted offers to debit-card users, is offering a similar technology designed for credit card portfolios.