Retail & Commercial

Deposit Solutions says lenders can use its platform to acquire customers at little expense.

Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans.

Fiserv has sold a lockbox processing unit to Deluxe, the second such acquisition for Deluxe in as many months.

The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%.

The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter.

The upstate New York company will gain branches in Rochester as part of its $35 million purchase of FSB Bancorp.

HELOCs and second mortgages at credit unions are on the decline amid increasing refis and shifts in consumer sentiment about borrowing against their home’s value.

Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion.

The company will pay about $58 million in cash for Melrose Bancorp.

The fresh optimism is starting to outweigh some of the worries hanging over the sector heading into the new year.