Deposits

First Financial Banc will gain nearly $300 million in liquidity when it acquires First National Corp. of Wynne.

Pressure to raise rates on deposits offset strong loan growth at the Salt Lake City company.

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.

Total and core deposits fell in the second quarter from three months earlier at the Los Angeles bank as consumers sought higher yields, but CEO Matt Wagner said assuring proper funding for loan growth is a priority.

The agency's board voted 3-1 on Tuesday to give large banks additional time to comply with new rules that force them to keep better track of insured deposits.

The company revealed its pretax losses for its forays into consumer and other digital banking services, which began in 2016 with the launch of a consumer deposit franchise and an installment loan product.

The company could rein in deposit costs, cut operational expenses and buy back more shares in anticipation of a Federal Reserve rate reduction. Other banks — especially big ones — could do the same.

Interest rates on CDs of six-months or longer have declined since a Federal Reserve meeting in June, according to Moebs Services.

Lawmakers have just three weeks before their August recess to make a host of decisions on issues related to credit unions.

These programs are allowed in a majority of states, but only a small portion of credit unions offer them. That may change as the need for deposits grows and consumer expectations shift.

Credit unions can reduce concentration risk and free up funding for new loans though participations but many institutions are hesitant about the process.

Other banks say they need to add branches to attract more deposits, but Capital One is sticking to its strategy of aggressively closing them and gathering the bulk of new deposits online.

From regulatory reform to natural disasters and more, here's a look at Credit Union Journal's special report on what to expect for the second half of the year.

If Libra becomes a major financial force, the stability of global finance is on the line.

If signed into law, institutions that qualify for the Banking Development District program will be eligible to receive up to $10 million in subsidized public funds.

On Mar. 31, 2019. Dollars in thousands.

The National Credit Union Administration is considering increasing the threshold for nonmember deposits but bankers have vowed to fight back, including possibly suing the regulator.

If Libra becomes a major financial force, the stability of global finance is on the line.

On Dec. 31, 2018. Dollars in thousands.

The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.