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A large charge-off and an additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million.
February 14 -
The startup spawned in Eastern Bank's innovation lab says its bank customers asked for client-friendly software for account opening, credit cards and more types of commercial lending.
February 13
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Ag lenders say the Trump administration’s waivers for oil refineries threaten another source of revenue for corn growers and ethanol makers.
February 12
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Activist investors say the lender's words on combating climate change have not matched its actions. But the company argues that requests to put climate resolutions to a shareholder vote amounts to micromanagement.
February 12
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Regulators are alarmed about banks' rising exposure to high-risk corporate credits and want more data on how they would perform in a recession.
February 11
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Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank.
February 11
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On Sep. 30, 2019. Dollars in thousands.
February 10
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On Sep. 30, 2019. Dollars in thousands.
February 10 -
Payday lenders have long used bank partnerships and similar means to circumvent state interest rate caps. Lawmakers should stop such practices now.
February 10
Colorado -
Greg Seibly guided Sterling through the financial crisis before engineering its sale to Umpqua Holdings in 2014. He had most recently served as CEO of the Federal Home Loan Bank of San Francisco.
February 6
