News Topic: Deposits

The bank, which would be only the second to call the Motor City home, would hire 500 people there while maintaining most of its workforce in Midland. ... Read full article

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution. ... Read full article

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from? ... Read full article

The Minneapolis company plans to expand to new retail markets through a digital platform, but it’s facing questions about how it will distinguish itself from peers. ... Read full article

Price competition on deposits may finally force the largest banks to pay up, and consumers’ aggressive use of rewards and promotional rates is weighing on card income. And then there are those tariff fights that could hurt global clients. ... Read full article

The sale includes 160,000 accounts and more than $400 million in deposits. ... Read full article

There are signs that commercial loan demand finally picked up in the second quarter, but banks still face some obstacles. ... Read full article

The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory. ... Read full article

On Mar. 31, 2018. Dollars in thousands. ... Read full article

Competition for deposits is heating up as summer approaches, and banks are responding in all sorts of ways — from launching digital-only platforms to raising CD rates to reviving debit rewards. But rising interest rates could weaken demand for loans, ... Read full article

USAA's lawsuit accusing Wells of infringing on its remote-deposit patents is new territory: bank-on-bank fights over intellectual property. ... Read full article

When asked if other banks were being sued, USAA said the lawsuit names only Wells Fargo because the bank is one of the biggest adopters of remote mobile deposit capture and has failed to license the technology. ... Read full article

Closing branches might be good for cost control, but it can also diminish the ability to gather core deposits. Banks with $2 billion to $10 billion of assets — which are ranked here by three-year average returns on equity — are learning this the hard way. ... Read full article

The city wanted to sever its relationship with the bank, but it ran into a big obstacle. ... Read full article

A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia. ... Read full article

The company has also hit its goal of having half of total loans tied to customers around Atlanta. ... Read full article

Regulatory burden was the dominant theme of a roundtable discussion, but executives are also concerned about their ability to attract skilled workers and they have mixed feelings on how corporate tax cuts are affecting customers' decisions. ... Read full article

Year to date Dec. 31, 2017. Dollars in thousands. ... Read full article