All the Fury Over CFPB Ignores Its Modest Mission
Threats to the Consumer Financial Protection Bureau’s future became more real with Donald Trump’s victory, but all the outrage over the bureau’s policies is overblown. BankThink
Category Archives: Uncategorized
Huntington Unveils Jobs and Lending Plan for Its Hometown
Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $ 300 million to low- and moderate-income communities in the city over the next five years. American Banker
Wells Fargo Stonewalling on Accounts Scandal, Brown Says
Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, sharply criticized Wells Fargo on Friday for failing to respond to questions about the phony-accounts scandal, including when the board and top executives first learned of the illegal sales practices. American Banker
OCC Restricts Wells Fargo’s Golden Parachutes, Exec Changes
The Office of the Comptroller of the Currency has rolled back some of the relief from regulatory restrictions on corporate activities afforded Wells Fargo under federal law before its recent troubles. American Banker
AgriBank Interim CEO Gets Job Outright
AgriBank in St. Paul, Minn., is removing “interim” from the title of its chief executive. American Banker
Little Bank to Buy Union Banc in North Carolina
Little Bank in Kinston, N.C., has agreed to buy its first bank. It will pay $ 30.7 million, or $ 11.94 a share, for the $ 298 million-asset Union Banc in Oxford, N.C. American Banker
Trustmark to Buy RB Bancorp. in Alabama
Trustmark in Jackson, Miss., has agreed to buy RB Bancorp. in Athens, Ala. American Banker
The U.S. Roots Forming Samsung’s Banking Strategy
Samsung sees banking as a long game, and Samsung Pay is its first move. As mobile banking grows, the Korean electronics company believes financial services is ripe with opportunity. American Banker
WestStar Buys Mortgage Lender in Texas
WestStar Bank in El Paso, Texas, said it has acquired assets from Cimarron Mortgage Capital that are to Cimarron’s construction lending and residential mortgage divisions. American Banker
Mortgages, Cards and Cost Cuts Lead Fifth Third Chief’s Agenda
Greg Carmichael, who has been on the job nearly a year as Fifth Third’s CEO, has started putting his stamp on the company by aggressively trimming branches in favor of mobile, seeking to build up its consumer credit business and retooling the balance sheet. American Banker