Lizton Financial to Buy Indiana Business Bancorp
The $ 374 million Lizton said in a press release Tuesday that it will pay $ 12.5 million, or $ 7.25 a share, in cash for the $ 66.5 million-asset Indiana Business Bancorp. American Banker
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Comerica’s Profits Plunge 55% as Energy Woes Mount
Comerica reported a steep decline in first-quarter profits as weak energy prices forced the Dallas company to sharply boost its reserves for loan losses. American Banker
Investors Pick Sides in Proxy Fight at New York Bank
Investors are quickly choosing sides in a proxy battle at Financial Institutions in Warsaw, N.Y. American Banker
Morning Scan: Dems Debate Bank Breakups; Bonus Rules Expected
Breaking News This Morning … Earnings: Citigroup, Regions Receiving Wide Coverage … Candidates on Banking: Democratic presidential candidates Hillary Clinton and Bernie Sanders’ debate Thursday night in Brooklyn touched on how to best control the banking industry. While Clinton said she would remain faithful to the Dodd-Frank financial overhaul law, which requires banks to develop
Sanders, Clinton Differ Sharply on How to Break Up Big Banks
Democratic Presidential hopefuls Bernie Sanders and Hillary Clinton both emphasized during a late Thursday debate that they are prepared to break up megabanks that pose a systemic risk to the U.S. economy, but also showed there are differences in how they approach “too big to fail.” American Banker
Citizens National to Buy Kilgore National in Texas
Citizens National Bank in Henderson, Texas, has agreed to buy Kilgore National Bank in Kilgore, Texas. American Banker
Activist Investor Nominates Directors for N.Y. Bank’s Board
Financial Institutions in Warsaw, N.Y., is facing a proxy battle from an activist investor intent on taking two board seats. American Banker
Appeals Court Raises Constitutional Questions About CFPB
Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in its case against PHH Corp. American Banker
Consumer Complaints Rose 8% Last Year: CFPB
Debt collection, credit reporting and mortgages topped the list of complaints to the Consumer Financial Protection Bureau last year, while complaints about prepaid cards and consumers loans soared, the agency said Friday. American Banker
N.Y. State Banking Regulator Picks New Top Lawyer
A former staff attorney with New York’s city government has been named the top lawyer for the New York State Department of Financial Services. American Banker