News Topic: Deposits

Loan demand disappointed as optimism for economic growth under President Trump gave way to uncertainty over the prospects for regulatory relief and tax reform. Credit quality held up, but the retail and health care sectors have become potential trouble ... Read full article

The weakening car-loan market poses a big challenge for the Detroit-based lender, but it also could also present an opportunity, since other big banks are sharply reducing their exposure. ... Read full article

The Tulsa, Okla., company also benefited from higher interest and fee revenue while keeping expenses under control. ... Read full article

The Georgia company invested in HCSB Financial's recapitalization a year before agreeing to buy the coastal South Carolina bank. Doing so allowed United to stay to close to HCSB and its board, which helped when the time came to discuss a deal. ... Read full article

Even with net interest margins improving, banks are reluctant to raise rates on deposits until more floating-rate loans reprice. But how long can they wait before depositors start demanding higher yields? ... Read full article

The Mississippi company's first-quarter earnings rose 60% from a year earlier. Its results from last year were weighed down by a settlement with regulators. ... Read full article

The Ohio company said it is retaining more FirstMerit deposit accounts than it had projected. At the same time, Huntington is moving forward with cost-cutting tied to the acquisition. ... Read full article

A review of activity that long ago would not shed additional light on the scope of misconduct in Wells Fargo's retail banking unit, CFO John Shrewsberry said in an interview. ... Read full article

Business confidence remains high, but Fed data shows commercial borrowing actually decelerated during the first quarter. Fortunately for banks, rate hikes have fattened margins. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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

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. ... Read full article

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

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

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