An important milestone reached at Citizens Financial
The Providence, R.I., company surpassed its goal for return on tangible common equity that it had set for itself after its initial public offering. ... Read full article
The Providence, R.I., company surpassed its goal for return on tangible common equity that it had set for itself after its initial public offering. ... Read full article
The Green Bay, Wis., company's CEO predicted “mid-single-digit” annual loan growth after a third quarter that included a 10% increase in deposits and 4% rise in average loans. ... Read full article
With online retailers beginning to challenge the dominance of brick-and-mortar grocery stores, CRE loans to strip mails anchored by them look riskier. ... Read full article
The Connecticut company, which is nearing the threshold to become a systemically important financial institution, has bought three businesses in the past year. ... Read full article
The $36.3 billion-asset bank reported double-digit growth in C&I loans, commercial real estate loans and specialty loans to the private-equity, entertainment and energy industries in the third quarter. ... Read full article
Robust growth in net interest income, combined with a lower provision for loan losses, helped boost Webster Financial Corp.'s profits to a record $62.4 million in the third quarter, 26% higher than a year earlier. ... Read full article
The New York bank's total loans rose 8% to $31 billion from a mix of commercial real estate and specialty finance credits. ... Read full article
Net income for the Oregon regional bank was $61.3 million, a slight decline from the same quarter last year. It earned 28 cents per share and fell short of analysts’ expectations, ... Read full article
The company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth. ... Read full article
TD Bank has pledged $3 million to provide credit counseling to small-business owners. The hope is that those owners will use commercial loans to replace personal credit cards and home equity as their primary forms of business funding. ... Read full article
The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas. ... Read full article
The Tennessee company reported 6% growth in loans, which included strong C&I and CRE grains. However, revenue shrank thanks partly to a steep falloff in fixed-income fees. ... Read full article
Regions Financial's chief credit officer is leading a transformation in the way the company manages risk in its loan portfolio. ... Read full article
What's more important than which job you take? Which company you work for. That is one of the lessons Huntington’s Mary Navarro learned in her 42 years in banking. ... Read full article
Efforts to make it easier for smaller businesses to apply for SBA loans, coupled by concerted expansion efforts among key regional and community banks, contributed to the third consecutive record for 7(a) lending. ... Read full article
The Tennessee bank said it has bought Professional Mortgage in Greenville, S.C., which services about $1.1 billion of commercial mortgage loans for 23 correspondent life company lenders. ... Read full article
Branches may be closing in droves, but they still play a key role in attracting and retaining customers. Here's how three banks are trying to maximize their potential. ... Read full article
Millennials care about more than money. So it's important for recruiting efforts to show what bankers do for their communities. ... Read full article
A who’s who of banking industry executives turned out for the annual celebration of the Most Powerful Women. Pam Joseph won’t be the next CEO of TSYS after all, but Jamie Dimon seems to be setting JPMorgan Chase up for a female CEO. Does Marianne Lake have ... Read full article
Acting Comptroller of the Currency Keith Noreika on Thursday called for steps to ease the asset thresholds that determine whether banks are subject to certain provisions of the Dodd-Frank Act. ... Read full article