Consumer banking
Consumer banking
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Renasant and First M&F have lifted the curtain on certain aspects of their planned merger as part of a tentative settlement of a shareholder lawsuit.
June 12 -
Carl Chaney says his relocation recognizes that the Big Easy is a major part of the Gulfport, Miss., company's growth strategy.
June 12 -
B of A and other lenders are scheduled to auction the Music City's symphony hall in two weeks unless they can work out a deal with officials of the struggling organization.
June 12 -
CenterState Banks in Winter Haven, Fla., has hired a chief strategy officer from a California lender.
June 12 -
The Consumer Financial Protection Bureau has released a report in which it found widespread misuse of overdraft fees among banks. Agency acting director Richard Cordray warned of potential harm to consumers and indicated that action is likely. American Banker editors discuss what the CFPB found how it's likely to respond in a market worth $32 billion in revenues to the banking industry.
June 12 -
The Feds research raises more questions than it answers, among them: Is the researcher right when he says the great bankers he interviewed could run a bank successfully anywhere, anytime?
June 12 -
Debt buyer Portfolio Recovery Associates (PRA), based in Norfolk, Va., reported Tuesday that its board approved a three-for-one-stock split by way of a dividend. The split is the first stock split in this manner since the company's initial public offering in 2002.
June 12 -
Texas Capital Bancshares (TCBI) in Dallas has announced its CEO succession plan. Keith Cargill, 60, will become president and chief executive of the $10 billion-asset company when current chief George Jones, 69, retires at yearend.
June 11 -
Maria Teresa Tejada will join the $89 billion-asset company on Aug. 12, it said Tuesday. She succeeds William Hartmann, who was promoted to chief risk officer last July, a KeyCorp spokeswoman said.
June 11 -
Eastern Virginia Bankshares (EVBS) in Tappahannock has extended the deadline for a pending rights offering.
June 11 -
Hanmi announced late Tuesday that Chong Guk Kum would replace Jay S. Yoo as president of the holding company and its $2.8 billion-asset bank.
June 11 -
U.S. Bank's incoming mortgage president Rick Aneshansel argues that purchase volume will not make up for the drop in refinancing, and that some lenders will have little choice but to quit the business or pair up with a competitor.
June 11 -
The famously outspoken CEO of JPMorgan Chase has kept relatively quiet during the last few months of shareholder pressure and regulatory scrutiny. On Tuesday, he tried to make up for lost time.
June 11 -
Many of bankers' concerns and fears about the FFIEC's proposed social media rules are unfounded, says Elizabeth Khalil, senior policy analyst at the FDIC.
June 11 -
Banks that still hold Tarp funds face the prospect of dividend rates rising to 9% from 5% at a time when many of those institutions are still struggling.
June 11 -
Urban Partnership Bank in Chicago has been designated a minority depositary institution by the Federal Deposit Insurance Corp.
June 11 -
M&A consolidation, improved portfolio performance and legislation leveling the playing field provide incentive for midsize banks to relaunch card programs.
June 11 -
The proposed sale of Atlantic Coast Financial in Jacksonville, Fla., did not sail with investors. Shareholders rejected Bond Street Holdings' $13.1 million, or $5-per-share, offer on Tuesday.
June 11 -
Green Dot (GDOT) has agreed to acquire the Wal-Mart-branded prepaid card business from GE Capital Retail Bank.
June 11




