Community banking
Community banking
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Urban Trust, a Florida bank, had been under fire from consumer groups for allowing a payday lender to load loans onto its prepaid debit cards.
September 25 -
Assistant Attorney General Thomas Perez pressured the city of Saint Paul to withdraw a Supreme Court case that was supported by banks and threatened to undercut a key way the government targets lenders over fair lending laws. Republicans are crying foul.
September 25 -
Landmark Credit Union joins a growing list of tax-exempt institutions finalizing deals to buy banks or thrifts.
September 25 -
First Capital (FCAP) in Corydon, Ind., will record a pretax charge of $650,000 for the third quarter tied to a voluntary early retirement program.
September 25 -
Private equity may have played a role in the deal. Crescent, led by Scott Custer, has PE backing, while an infusion set for ECB fell through earlier this year.
September 25 -
In former FDIC Chairman Sheila Bair's insider account of the financial crisis and its aftermath, Bair provides a detailed look at regulatory battles and delivers a scathing portrayal of Treasury Secretary Tim Geithner. She also offers key recommendations for reform, including abolishing the OCC.
September 25 -
United Community Financial (UCFC) in Youngstown, Ohio, has reduced its classified assets nearly in half through a bulk sale.
September 24 -
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Investors Bancorp (ISBC) will open seven branches in New Jersey as part of an ongoing effort by the Short Hills, N.J., company to emphasize commercial lending.
September 24 -
The Consumer Financial Protection Bureau issued its second enforcement action on Monday, hitting Discover with a $200 million fine. Observers said it was clear violations will carry a steep price tag.
September 24 -
Bank shares tend to rally in election years but often fall after all the ballots are cast, a KBW study going back to 1984 says.
September 24 -
Aspiring consolidators are weighing the benefits of hiring lending teams as opposed to making acquisitions.
September 24 -
Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.
September 24 -
Opus Bank in Irvine, Calif., has completed its acquisition of ten branches from PacWest Bancorp. The companies said in separate press releases that the transaction closed on Friday. Opus rebranded the branches over the weekend.
September 24 -
Regulators released a calculator Monday that is designed to help community bankers project how much capital they will need to hold under Basel III.
September 24 -
Joseph Stilwell said in a regulatory filing that he could start pushing the thrift's management to put stashed away capital to work.
September 24 -
First PacTrust said Gregory Mitchell , who had been its CEO since November 2010, had resigned. The resignation comes roughly a month after the company said Mitchell would share the CEO title with Steven A. Sugarman.
September 21 -
PL Capital said in a regulatory filing Thursday that it has raised its stake in Magyar to 9.99% on Aug. 1, compared to a prior stake of 8.6%.
September 21 -
Members of Technology Credit Union rejected management's plan to convert to a mutual thrift. The vote has led to renewed criticism about the National Credit Union Administration's role in conversion votes.
September 21





