Consumer banking
Consumer banking
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A breakdown of M&A announcements in the financial services industry for the week ended April 20.
April 22 -
The $133 million-asset Jefferson Bancorp said Monday that it had acquired 10 branches from Carrollton that will operate under the Bay Bank name. The company has $480 million in assets and 22 branches around Baltimore.
April 22 -
The law firm Proskauer has lured a veteran lawyer/investment banker from UBS.
April 22 -
Bank of Hawaii in Honolulu missed its first-quarter earnings estimates as interest income fell.
April 22 -
The introduction of more private, risk-bearing capital to housing finance should expand homeownership possibilities.
April 22 -
Banks have to reconsider how their customers are using mobile technology, branches and ATMs, and successful companies will create an "integrated multichannel experience," says Bank of the West's Andy Harmening, a senior executive vice president and regional banking group head. He spoke to American Banker at the annual Best Practices in Retail Banking Symposium.
April 20 -
Regulators seized two banks in Florida, and one in Kentucky, in a trio of failures Friday.
April 19 -
Aided by improved asset quality, lower expenses and increased fee income, Park National in Newark, Ohio, said Friday that it earned $20.7 million, or $1.34 per share, in the first quarter, easily beating consensus analysts' estimates.
April 19 -
The troubled Metropolitan Bank Group in Chicago has been ordered by the Federal Reserve not to boost the pay of its directors or officers without the Fed's permission.
April 19 -
American International Group (AIG) won a request to return its $10 billion lawsuit against Bank of America (BAC) over mortgage securities to state court in New York.
April 19 -
Brenda Battey has been approved by the Federal Reserve Bank of San Francisco to be CFO of the company, it said Friday.
April 19 -
First Horizon National (FHN) in Memphis, Tenn., boosted profits by cutting costs in the first quarter.
April 19 -
Bank of the West in San Francisco is promoting a new program that will provide unsecured credit cards to foreign nationals who have scant records as borrowers in the United States.
April 19 -
Card issuers say they will wait for loan demand to return, content for now to live largely on the profits generated by swipe fees.
April 19 -
The burden on small banks from a new escrow rule for higher-priced mortgages should be relatively small, according to guidance released by the Consumer Financial Protection Bureau on Friday.
April 19 -
The Federal Deposit Insurance Corp. has lifted a regulatory order from Macatawa Bank (MCBC) in Holland, Mich.
April 19 -
Associated Banc-Corp of Green Bay, Wis., has made significant strides in its bid to become more efficient, but CEO Philip Flynn admits it has much more work to do.
April 19 -
Revenue is expected to strengthen at least a little in the second quarter, but cost-cutting is here to stay until the economy really improves.
April 19 -
Carolina Bank Holdings (CLBH) in Greensboro, N.C., has completed its exit from the Troubled Asset Relief Program.
April 19 -
Carver Bancorp (CARV) in New York will recruit out-of-work public-housing residents to work in its branches through a program funded by Morgan Stanley (MS).
April 19




