Deposits

The Scarborough, Maine-based credit union also posted a more than 4 percent uptick in membership.

State law bars credit unions from accepting deposits from cities, counties and other government entities. Florida banks say it should stay that way unless tax advantages for credit unions are removed, but credit unions counter that banks are trying to stifle competition.

Big banks’ edge lies in their sizable presence in faster-growing cities, not any unfair structural or regulatory advantages, according to a new report by the Bank Policy Institute, which represents large financial services companies. Community banks beg to differ.

The small Wisconsin city features a vibrant economy, low employment and a growing population, but banks that want to buy their way into the market have their work cut out.

The FDIC should consider limiting its toughest restrictions on brokered deposits to problem banks.

Credit unions need to be thinking about pressure on net interest margins and declining revenues.

Its move into new states will allow the nation’s largest bank to pursue the loan and deposit business of more state and local governments.

For years Carter Bank in Virginia had resisted technology of all kinds — even ATMs. But a leadership change, rising rates and a thirst for low-cost deposits finally led to a change in philosophy.

Concerns about an economic slowdown, rising deposit prices and cybersecurity abound, a survey found.

A legal memo conducted on behalf of the trade group says the agency’s policy goes beyond statutory intent and places undue restrictions on healthy banks.