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Synchrony Financial reported solid earnings growth in the first quarter thanks to increased use of its credit cards, but the firm's credit performance was slightly weaker.
April 22 -
F.N.B.'s acquisition of Metro Bancorp bulked up the Pittsburgh company's loan book, but M&A costs ate into its first-quarter profit.
April 22 -
Members of State Employees' CU, Raleigh, N.C., renewed the SECU Foundation's "People Helping People" high school and community college scholarship programs. Both programs represent the allocation of over $4 million in scholarships annually.
April 22 - Georgia
SunTrust Banks in Atlanta increased reserves for downgraded energy loans in the first quarter, but it was still able to produce solid revenue and earnings growth.
April 22 -
Associated Banc-Corp in Green Bay, Wis., reported first-quarter net income of $40 million Thursday, an 11% drop from the same period in 2015. In doing so the $28 billion-asset company joined the lengthening list of banks whose bottom lines fell victim to ongoing tumult in the energy market.
April 21 -
Western Alliance Bancorp. in Phoenix reported higher first-quarter profit as its remains a busy dealmaker.
April 21 -
Some are looking at buying banks or counting on recently announced acquisitions to diversify revenue streams. Others are investing in fee-based businesses and new technologies and all, of course, are trying to keep a lid on expenses.
April 21 -
The Paris Agreement on limiting the rise in global temperatures opens up new lending opportunities related to low-carbon projects while highlighting an array of new risks for financial institutions.
April 21
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Lending Club said Thursday that it has hired Sameer Gulati, formerly of McKinsey & Co., to be its chief operations officer and promoted another executive, Scott Sanborn, to president. Both are newly created positions at the nonbank lender.
April 21 - Illinois
The Fed's December interest rate hike helped PrivateBancorp's first-quarter profit, as yields rose on its variable-rate loans.
April 21 -
Partnership FCU CEO Theresa Mann wins award and other credit union advocates in the news.
April 21 -
People's United Financial in Bridgeport, Conn., reported higher first-quarter profits as it increased lending for both commercial and residential real estate.
April 21 -
LendingClub Corp., a pioneer of online marketplace lending, said it raised rates for borrowers again to reflect a gloomier economic outlook and worse-than-expected performance for some of its riskiest loans.
April 21 - California
A spike in lending helped profits rise 7.5% year over year in the first quarter at East West Bancorp in Pasadena, Calif.
April 21 -
High Point Bank considered bulking up to the size of other community banks in its market but quickly realized that the strategy would involve significant expense, risk and capital. So the company ended up selling to BNC Bancorp.
April 21 -
KeyCorp in Cleveland reported lower quarterly profit as expenses tied to its pending purchase of First Niagara Financial Group cut into its earnings.
April 21 - Texas
A triple whammy of nonperforming energy loans, higher expenses and a decline in fee income walloped Texas Capital Bancshares' first-quarter profit.
April 21 -
There are countless considerations banks face when joining another institution, but blending two distinct organizational philosophies into a healthy culture must be a top priority.
April 21
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TCF Financial in Wayzata, Minn., reported sharply higher profits driven by gains on the sale of auto loans even as auto-related chargeoffs rose.
April 21 -
Bank of New York Mellon, the custody bank under pressure from activist investors to improve results, reported a 5% increase in first-quarter profit as it cut expenses and benefited from higher interest rates in the U.S.
April 21









