Consumer banking
Consumer banking
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Seacoast Commerce Bank in San Diego has named David Bartram its new chief operating officer.
February 25 -
U.S. banks are looking to capitalize on a dearth of financing for Europe's commercial property market that's driven lending margins to five times the level prior to the 2008 crisis.
February 25 -
Royal Bank of Scotland Group will signal next week it plans to sell a 15% to 25% stake in Citizens Financial Group in Providence, R.I., according to a person familiar with the plan.
February 23 -
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Prepaid card issuer Green Dot (GDOT) has extended its payment processing contract with Total System Services (TSS), the prepaid company disclosed in a Securities and Exchange Commission filing Friday.
February 22 -
Lead Bank in Garden City, Mo., plans to expand the range of services it offers by becoming a state-chartered trust company.
February 22 -
The payments network will now allow merchants to offer discounts to customers who use specific cards, as new CEO Charles Scharf rethinks how Visa does business.
February 22 -
Ken Lehman is buying outsized stakes in community banks, using his personal funds and often introducing himself to CEOs with a direct phone call.
February 22 -
The number of community banks under enforcement actions fell in January, as the Federal Deposit Insurance Corp. ended 16 orders and issued five on the month.
February 22 -
JPMorgan Chase (JPM) is raising another round of questions about a lawyer who works for the New York attorney general, which has sued the company over the mortgage conduct of Bear Stearns.
February 22 -
Startups are trying to reinvent the much-maligned payday loan, using Big Data to develop algorithms that can better predict who will default so they can cut the price of short-term, small-dollar credit. But consumer advocates continue to object to these products. Banks have an opportunity to partner with these new entrants, but reputational risk may discourage them from doing so.
February 22 -
First South Bancorp in Washington, N.C., is purging a series of bad loans.
February 22 -
Bank of Commerce Holdings (BOCH) in Redding, Calif., has elected two directors after the death of its chairman.
February 22 -
Shareholders of NewBridge Bancorp (NBBC) have authorized a series of changes to the Greensboro, N.C., company's stock related to a recently completed $56 million capital raise.
February 22 -
United Community Banks in Blairsville, Ga., has amended its fourth-quarter and 2012 results to reflect a legal settlement.
February 22 -
MECHANICSBURG, Penn. Members 1st FCU is continuing its expansion with plans to open five new branches this year.
February 21 -
First Sound Bank (FSWA) in Seattle has bought back its Troubled Asset Relief Program shares after raising nearly $8 million.
February 21 -
Citigroup (NYSE:C) whose shareholders rejected its former leader's pay package, gave new Chief Executive Officer Michael Corbat an $11.5 million compensation deal for 2012.
February 21 -
The $121 billion-asset company based in Birmingham, Ala., said Thursday that Grayson Hall, the company's chief executive, will succeed Earnest Deavenport Jr. as chairman when Davenport retires on May 16.
February 21 -
The acquisition by TSYS of prepaid card company NetSpend means the payment processor will manage a delicate balance between being a vendor to banks and being a consumer-facing company.
February 21



