Consumer banking
Consumer banking
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VACAVILLE, Calif. – Navy FCU said this morning it is opening its 33rd California branch here next week to serve 23,000 military personnel at Travis Air Force Base, as membership booms at the nation’s largest credit union.
October 29 -
If U.S. regulators proceed with anything like the 2010 Basel III proposal on liquidity, important bank products such as brokered deposits may simply disappear.
October 29 -
Talmer Bancorp has agreed to buy and recapitalize First Place Bank in Warren, Ohio, in a deal that will work its way through the bankruptcy process.
October 29 -
The U.S. securities industry canceled equity trading on all markets today, moving to protect workers as Hurricane Sandy barreled toward New York City with 70-mile-per-hour winds and the threat of an 11-foot sea surge.
October 29 -
State Bank Financial (STBZ) in Atlanta reported a drop in quarterly earnings as income tied its past failed-bank deals fell.
October 29 -
Banks in the Magnolia State have built up capital and profits, and their owners are hoping the state's poor national reputation will shield them for a while from big rivals and M&A trends.
October 29 -
Eagle Bancorp in Bethesda, Md., plans to sell more than $10 million in stock to go along with a $35 million offering that it recently completed.
October 29 -
Regulators took a slew of enforcement actions against banks last month in connection with consumer protection, capital adequacy and other matters.
October 29 -
Banks in the forecasted path of Hurricane Sandy braced Sunday for the storm, while making plans to help their operations weather it without interruption.
October 28 -
BIRMINGHAM, Ala. – Jefferson CU is moving its corporate offices to Hoover and the $70 million credit union plans to open additional new branches in the next few years.
October 28 -
HARRISBURG, Penn. – Pennsylvania State Employees CU has teamed up with several energy companies to develop an onsite power generation system that will provide back-up energy for the credit union’s new 239,000-square-foot headquarters.
October 28 -
The Pennsylvania Department of Banking and Securities closed the $483 million-asset NOVA Bank in Berwyn on Friday, but the FDIC was unable to find a buyer for the failed bank's operations.
October 26 -
Cattail Bancshares in Atwater, Minn., has finally landed a deal after several years on the prowl. The $120 million-asset company has agreed to buy the $61 million-asset Citizens State Bank of Waverly.
October 26 -
Customers Bancorp's third-quarter earnings increased by 184% from a year earlier after the Wyomissing, Pa., company grew its balance sheet.
October 26 -
A combination of chargeoffs and a challenging economic environment weighed on UnionBanCal in San Francisco in the third quarter.
October 26 -
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Declining yields on fixed-rate mortgages are leading bankers to sell more of those loans on the secondary market. To them, yields on 15- and 30-year mortgages are insufficient to cover the risk of an inevitable rise in interest rates.
October 26 -
With limited resources to invest in new technologies, banks need to place small bets on a portfolio of promising options, team up with innovation partners and exceed customer expectations.
October 26 -
TCF, the Wayzata, Minn., bank recorded a $20 million charge in response to new regulatory requirements for loans to homeowners who have been through bankruptcy. The directive has hurt profits at a slew of banks.
October 26 -
Until regulators are made more independent of the bankers they supervise, all the lawsuits and campaign promises in the world won't fix the financial system, says Neil Barofsky, former special inspector general of Tarp.
October 26



