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Profit at Farmers & Merchants Bank of Long Beach in California improved in the third quarter, due to loan growth and increased securities income.
October 14 -
Concerns about bad oil loans have begun to fade, but other credit problems could be lurking. Several big banks reported a notable uptick in provisions for consumer loan losses.
October 14 -
Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from a year earlier.
October 14 -
Community banks need profit and diversification opportunities, while marketplace lenders may find mergers to be the easiest route into the banking system.
October 14
BuckleySandler -
Warren's voice is powerful in criticizing big banks, but she could play a more active role in providing relief to community banks to help boost job creation.
October 14
Florida Bankers Association -
Fees and loans drove up third-quarter profits at Commerce Bancshares in Kansas City, Mo.
October 14 -
Wells Fargo, the lender whose chief executive officer stepped down this week amid a scandal in its branch network, said third-quarter profit fell 2.6% as expenses climbed and the bank set aside more money for soured loans.
October 14 -
Citigroup posted third-quarter profit that beat analysts' estimates as bond-trading revenue surged 35% from a year earlier, helped by interest-rate and currencies trading.
October 14 - Pennsylvania
Third-quarter profit at PNC Financial Services Group in Pittsburgh declined on a yearly basis as a higher tax rate and increased expenses ate into improved revenue in both lending and fee-based products.
October 14 -
JPMorgan Chase & Co., the biggest U.S. bank by assets, said profit fell 7.6% from a year ago, when results got a boost from $2.2 billion in tax benefits. Revenue climbed 8.4% as bond-trading revenue rose more than analysts estimated.
October 14 -
California Bank of Commerce in Lafayette has hired a veteran credit administrator to help expand its small-business lending.
October 13 -
A nearly double-digit increase in net interest income helped third-quarter profit increase by 12.9% at VSB Bancorp in New York.
October 13 -
Two well-known industry veterans are named to the board of Children’s Miracle Network and other CU professionals in the news.
October 13 -
The Wells Fargo phony bank and credit card accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.
October 12 -
Hingham Institution for Savings in Massachusetts said a double-digit spike in lending contributed to a strong third quarter.
October 12 -
The change at the top of the No. 3 U.S. bank by assets after a snowballing phony-accounts scandal marks the rare case of a major U.S. bank CEO resigning amid accusations of company misconduct. His successor, Tim Sloan, faces a hard road to recovery.
October 12 -
The $4.3 billion-asset parent of Century Bank and Trust Co. said in a press release Tuesday that its net income increased 5.2% in the quarter from a year earlier to $6.4 million, or $1.16 a share.
October 12 -
About two-thirds of banks that close branches will lose deposit share in their impacted markets in time. Here's how to prevent customers from leaving your bank.
October 12
Peak Performance Consulting Group, Inc. -
The Klamath Falls, Ore.-based CU said Olney, a native of Southern Oregon, is a graduate of George Fox University and the Atkinson Graduate School of Management at Willamette University.
October 12 -
First Tennessee Bank in Memphis said Tuesday that has promoted three executives in its Middle Atlantic region.
October 11




