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The California company plans to hire a second chief credit officer to specify monitor commercial lending and specialty lines. At least one analyst said the changes, which also include adjustments to credit policies, calls into question the company's strategic director and growth trajectory.
October 20 -
The company believes it is done making acquisitions in its home state. The next phase of growth will likely involve deals and strategic hiring in large urban markets across the Southeast.
October 20 -
Deterioration in its portfolio of taxi medallion loans combined with some one-time expenses dragged down profits at BankUnited in the third quarter.
October 20 -
Bank of New York Mellon's ability to bring in new business for its massive custody business propelled its quarterly profit.
October 20 -
Signature Bank in New York reported a sharp decline in quarterly profits after suffering steep losses on its Chicago portfolio of taxi medallion loans.
October 20 -
Fifth Third Bancorp in Cincinnati reported higher third-quarter profit on the termination of tax receivables from its Vantiv payments subsidiary and several other one-time items.
October 20 - Pennsylvania
Record revenue and a brief respite from merger-related costs helped boost quarterly results at F.N.B. Corp. in Pittsburgh.
October 19 -
BancorpSouth in Tupelo, Miss., reported higher third-quarter earnings after net interest and fee revenue improved from a year earlier.
October 19 -
Cross-selling abuses are not systemic and honest bankers are still important to society, the head of the Minneapolis bank said in an apparent reference to the scandal at Wells Fargo.
October 19 -
Sometime last month, scandal-plagued Wells Fargo decided to stop referring to its branches as "stores." It may have been a knee-jerk reaction to intense public scrutiny, but it may also be long overdue given retail banking's evolution.
October 19