Consumer banking
Consumer banking
-
For First Foundation, the government-backed program should help address a recent CRA exam's criticism that it has "poor penetration among businesses of different revenue sizes."
September 14 -
Blue Hills Bancorp in Norwood, Mass., expects to record a third-quarter chargeoff tied to a commercial borrower that may have committed fraud.
September 14 -
Provident Financial Holdings in Riverside, Calif., has restated earnings from its most-recent quarter after it booked higher loan-origination costs.
September 14 -
Community Savings in Caldwell, Ohio, has begun the process to convert from a mutual thrift to a stockholder-owned company.
September 14 -
Two big investors in Heritage Commerce have converted some of their ownership in the San Jose, Calif., company to common stock.
September 14 -
Under pressure from regulators and investors, banks that tout their sales cultures may have no choice but to follow Wells' lead and stop rewarding branch employees for hitting sales targets.
September 13 -
First Midwest Bancorp in Itasca, Ill., has entered a sale-leaseback agreement with Oak Street Real Estate Capital in Chicago.
September 13 -
It would be hard for traditional institutions to close the gap with Venmo, but there is room for competition with the mobile payments app beloved by millennials and nine other insights about this generation of digital natives.
September 13 -
With prolonged low interest rates, Centric Bank is targeting niche groups while eyeing ways to poach customers from recent sellers in Pennsylvania.
September 13 -
Regions Financial Corp. has agreed to pay $52.4 million to settle allegations that it violated the False Claims Act by originating and underwriting mortgages that did not meet Federal Housing Administration requirements.
September 13 -
Fifth Third Bancorp said Tuesday that it plans to close 44 branches, a cost-cutting move that follows its recent shutdown of more than 100 branches.
September 13 -
Raul G. Valdes-Fauli, president and chief executive of Professional Bank in Coral Gables, Fla., has died.
September 13 -
The revelation that thousands of Wells Fargo employees committed what amounted to fraud just put the final nail in the coffin for the effort to change the Consumer Financial Protection Bureau at least for the foreseeable future.
September 13 -
As the Consumer Financial Protection Bureau proposes new small-dollar lending rules, it has also sought comment on an alternative plan that would open the door to banks providing more lower-income credit solutions.
September 13 -
Camden National in Camden, Maine, is uniting its trust and bank units to form a wealth management division.
September 13 - Texas
Comerica in Dallas has sent layoff notices to about 450 employees nearly half of them in managerial roles as part of a major cost-cutting initiative.
September 13 -
While the retail lobby won in the political arena and successfully decreased its costs through price-fixing, the biggest loser in this situation was the American consumer.
September 13 -
Hilltop Holdings in Dallas has promoted Alan White to share the chief executive role with Jeremy Ford.
September 13 -
With new fintech investments tapering off and banks starting to get the hang of digital innovation, young companies need to take a hard look at their business models.
September 13 -
Wells Fargo & Co. eliminated product sales goals for its consumer bankers as the company seeks to reassure regulators, lawmakers and customers after employees opened accounts without clients' approval.
September 13




