Credit
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The Go-Getter: Danvers a study in good timing and aggressive growth
Biz Journals &bull 5 Hours Ago
Bottomley displayed good timing before the credit crisis whipsawed banks throughout the country. About eight months before Lehman Brothers collapsed in the fall of 2008, Danvers Bancorp raised about $175 million in capital from its conversion to a publicly traded… Full Story »
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Topics:
- Corporation
- Credit
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Citizens enters the crowded wealth management arena
Biz Journals &bull 5 Hours Ago
Citizens Wealth Management fuses the bank's broker/dealer unit with its private banking and trust units. The new local service operating under that umbrella is Premier Banking, which is geared toward customers with between $250,000 and $1.5 million in assets. Clients… Full Story »
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Topics:
- Credit
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Texas banks lending more
Biz Journals &bull 5 Hours Ago
Texas' 629 banks reported $247.1 billion in loans and leases last year versus $233.5 billion during 2008 and $229.1 billion during 2007, according to the Federal Deposit Insurance Corp. Nationally, total loan and lease balances declined to $7.2 trillion during… Full Story »
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Tremont CU grapples with losses, leadership change
Biz Journals &bull 5 Hours Ago
Boston's Tremont Credit Union posted a net loss of nearly $12 million in 2009 - the biggest loss among credit unions in Massachusetts - and hired a turnaround specialist to bolster management and underwriting after a surge in delinquent loans. Full Story »
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Topics:
- Credit
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Commercial Credit, Falfurrias set foundation for growth
Biz Journals &bull 5 Hours Ago
And diagonally across from him at the conference table sits Marc Oken, the man delivering a wide load of new capital for McDonough's business, Commercial Credit Group. Charlotte-based CCG is one of the nation's largest specialty finance companies that lends… Full Story »
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Office of Thrift Supervision issues orders against former American Sterling Bank CEO, board members
Biz Journals &bull Mar 19, 2010
Thompson now is prohibited from holding any office or participating in any manner at any insured depository institution or credit union, or any subsidiary or holding company of such a financial institution without regulatory approval. Thompson agreed to the order… Full Story »
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Topics:
- Credit
- Holding Company
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Brentwood payment processor FrontStream purchases Fast Transact Inc.
Biz Journals &bull Mar 19, 2010
Brentwood-based FrontStream Payments, Inc. announced today the acquisition of Fast Transact, Inc., an Olympia, Wash.-based provider of payment-processing services for e-commerce and brick-and-mortar purchases. The acquisition, the terms of which were not disclosed, was funded through an investment by Arsenal… Full Story »
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FDIC Chair: New playing field needed
Biz Journals &bull Mar 19, 2010
The Federal Deposit Insurance Corp.' Job number one must be to level the playing field once and for all and to put an end to the doctrine of too big to fail," Bair said at the Independent Community Bankers Association's… Full Story »
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Topics:
- Corporation
- Credit
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SouthShore Community Bank signs consent order
Biz Journals &bull Mar 19, 2010
The consent order with the Florida Office of Financial Regulation and the Federal Deposit Insurance Corp. is based on results of a regularly scheduled on-site exam conducted by the FDIC in August, the release said. The bank has to eliminate… Full Story »
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New Mexico credit unions grow mortgage biz
Biz Journals &bull Mar 19, 2010
Sandia Laboratory Federal Credit Union in Albuquerque made $188 million in mortgages in 2009, according to the National Credit Union Administration. That's up more than 20 percent from a 2008 volume of $154 million. New Mexico Educators Federal Credit Union,… Full Story »
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PNC Bank investigating debit card security breach
Biz Journals &bull Mar 19, 2010
PNC Financial Services Group Inc. is investigating a possible security breach involving some debit cards issued by the former National City Corp., which it acquired in December 2008. While the possible breach does not involve any Dayton-area cards, a PNC… Full Story »
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Topics:
- Corporation
- Merger
- Credit
- NYSE
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Charter amends $8.2B credit facility
Biz Journals &bull Mar 19, 2010
Charter Communications Inc. said this week that it received the required votes from lenders to amend its existing $8.2 billion senior secured credit facilities. As a result, Charter expects to extend $3 billion of existing term loan maturities to September… Full Story »
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PNC probing Cincinnati-area debit card breach
Biz Journals &bull Mar 19, 2010
PNC Financial Services Group is investigating a possible security breach involving some debit cards issued by the former National City Corp., which it acquired in December 2008. A PNC spokesman said in an e-mailed statement that the breach involves a… Full Story »
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Topics:
- Corporation
- Merger
- Credit
- NYSE
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Consumer bureau at Federal Reserve would have autonomy
Biz Journals &bull Mar 19, 2010
A similar House bill, which passed in December, called for the creation of a Consumer Financial Protection Agency. Banks and business groups contended that would create an unneeded additional layer of regulation and make credit harder to get. The bureau… Full Story »
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Topics:
- Credit
- private equity
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Catholic Family Federal Credit Union to start construction on westside branch
Biz Journals &bull Mar 17, 2010
The $24 million credit union will build the 6,200-square-foot corporate branch in the 700 block of North Socora. The branch will have three drive-through lanes, an ATM and safe deposit box services, the credit union said in a news release. Full Story »
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Topics:
- Credit
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U.S. Bank to boost giving in Chicago, continue Park National initiatives
Biz Journals &bull Mar 17, 2010
Minneapolis-based U.S. Bancorp (NYSE: USB) acquired the deposits and assets of Park National and eight other banks after the U.S. Federal Deposit Insurance Corp. seized their holding company, FBOP Corp. The support of U.S. Bank further strengthens our mission by… Full Story »
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Maryland delegates reject changes to job creation tax credit
Biz Journals &bull Mar 17, 2010
State delegates on Wednesday rejected efforts to revise Gov. Martin O'Malley's proposed job creation tax credit, including plans to restrict some of the money for small businesses or to channel any unused money to a biotechnology investment incentive program instead. Full Story »
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Topics:
- Credit
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Intersections reports losses
Biz Journals &bull Mar 16, 2010
In addition to consumer credit monitoring and identify theft services, Intersections (NASDAQ: INTX) also sells corporate identity risk management services. Full Story »
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Gold's Gym signs deal in Ashburn
Biz Journals &bull Mar 16, 2010
When Bethesda-based First Potomac (NYSE: FPO) bought the 194,183-square-foot campus from MRP Realty in December, it was 45 percent leased. On Monday, First Potomac said Latisys, a national data center operator, signed a 52,000-square-foot lease at the site. With Gold's… Full Story »
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Topics:
- Corporation
- Credit
- NYSE
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Bauer Financial downgrades four credit unions
Biz Journals &bull Mar 16, 2010
The Coral Gables-based company uses federal regulatory data to rate credit unions based on capital ratio, profit/loss trend, delinquent loans and other factors. Bauer ranks from a high of five stars to a low of zero stars. Both Miramar-based Tropical… Full Story »
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Topics:
- Credit
- Net income
