Deposits

Customers of National Capital Bank in Washington wanted mobile banking with remote deposit capture, but the community bank first had to find a new CEO.

Banks eagerly raised their prime rates after the Federal Reserve’s latest rate hike, but the debate about how they should react on the deposit side is robust, and conversations are beginning on how to respond on the investment portion of the balance sheet. Here is a sample of the lively discussion that is emerging.

Seniors typically have stellar credit and can be a good source of deposits in a rising rate environment.

The New York bank will double in size while gaining greater access to Long Island and low-cost deposits that should come in handy as interest rates rise.

The Denver bank had spent the last two-plus years addressing concerns about capital and underwriting procedures.

RI’s State Treasurer will open deposit accounts with local CUs and banks.

Traditional banks may need to think twice about putting off higher rates on CDs and other deposit products. That’s because freer-spending online banks are adding deposits faster than they are, and more Fed rate hikes are expected to fuel that trend.

Loans, deposits and revenue all rose solidly compared to a year earlier.

Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing.

Acquisition pushes quarterly revenues past $1 billion for first time ever.