Consumer banking
Consumer banking
-
Ameris Bancorp (ABCB) in Moultrie, Ga., has announced a streamlining plan that includes closing or selling about 20% of its branches.
December 10 -
A Chicago pension fund wants the banks to pay for losses on mortgage-backed securities because of their trustee roles, but the banks argue any blame lies with others.
December 10 -
Housing advocates say a gap has opened between the relief the five big mortgage servicers agreed to provide under a $25 billion settlement and what borrowers are seeing on the ground.
December 10 -
CapStar Bank in Nashville, Tenn., has hired a former executive at Bank of America as its chief financial officer.
December 10 -
Alliance Bank in Syracuse, N.Y., has warned that almost 100 jobs would be eliminated after its merger with NBT Bank next year.
December 10 -
With the help of technology and the FHFA, the CFPB can create Dynamic Disclosures for consumers. Better information will put borrowers on an equal footing with lenders, making non-Qualified Mortgage loans safer to originate.
December 10 -
FirstAtlantic Bank in Jacksonville, Fla., has acquired a branch from Prosperity Bank in St. Augustine, Fla.
December 10 -
Financial institutions and consumer groups are each trying to influence a report that will help determine the rules for settling customer disputes.
December 10 -
MainSource Financial Group (MSFG) in Greensburg, Ind., has retired another chunk of the equity it originally issued in the Troubled Asset Relief Program.
December 7 -
City National Bank in Los Angeles has hired two Comerica Bank veterans who cater to high-tech and biotech clients.
December 7 -
Two troubled banks were sold through bankruptcy auctions this month, and another is expected next week. The much-discussed recapitalization method has only recently gained traction.
December 7 -
Senator-elect Heidi Heitkamp may be the next in line to join the Senate Banking Committee.
December 7 -
Comptroller Tom Curry said the agency has worked to address several concerns from staff after a recent survey — the first being stepping up internal communications by senior management.
December 7 -
Michael Larrowe, promoted to CEO of Cardinal Bankshares after a shareholder revolt capped a chaotic past year, is working to rebuild the company and its ties to the community.
December 7 -
Capital One Financial (COF) has raided rival SunTrust Banks (STT) to help bolster its small-business lending team.
December 7 -
Housing advocates say there is a gap between the relief borrowers are seeing on the ground and what the five largest servicers agreed to do as part of the $25 billion settlement signed in February.
December 7 -
Fifth Third said it expects to recognize a pretax gain of roughly $140 million in the fourth quarter from the sale of 12.4 million shares of common stock in Vantiv.
December 7 -
Chris Larsen, who made waves in consumer finance in the 1990s and 2000s with E-Loan and Prosper, is seeking to shake up the industry again with Ripple, a peer-to-peer payment and credit system.
December 7 -
First PacTrust Bancorp (BANC) in Irvine, Calif., raised $43.1 million from the sale of senior notes.
December 7 -
FirstSouth Bancorp in Lexington, Tenn., has repaid the $50 million it had received from the Treasury Department under the Troubled Asset Relief Program.
December 7






