January 27 – Consumers who purchase an investment where they bank will keep their deposit and credit products longer, say researchers with LPL Financial and Kehrer Bielan Research & Consulting. That finding was the main take-away from a co-sponsored study, “The Value of an Investment Client to a Bank or Credit Union.” Continue reading “Banks Find Value in Catering to Investment Clients” »
Search Results: bank
January 26 – Highland Community Bank, Chicago, Illinois, has been closed by the Illinois Department of Financial & Professional Regulation—Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with United Fidelity Bank, fsb, Evansville, Indiana, to assume all of the deposits of Highland Community Bank.
January 26 – The Office of the Comptroller of the Currency will host a workshop in Miami at the Miami Hyatt Regency, Feb. 23-25, for directors of national community banks and federal savings associations.
January 26 – MB Financial Bank will again sponsor MB Financial Bank Bike the Drive. In partnership with the Active Transportation Alliance, MB Financial Bike the Drive offers Chicago area residents the chance to enjoy the only bike ride on a car-free Lake Shore Drive on May 24, 2015.
January 23 – Mobile banking continues to outstrip desktop-only banking at three of the top U.S. banks: Wells Fargo, Bank of America and JPMorgan Chase.
January 23 – Pioneer Federal Credit Union, which serves members in southwest Idaho, is transforming its branch, online and mobile banking experience through the latest technology from NCR Corporation, a global leader in consumer transaction technologies. Pioneer FCU is the first financial institution in Idaho to deploy NCR Interactive Teller, interactive video technology that allows a live teller to take remote control of an ATM.
January 23 – Ally Bank, the direct bank subsidiary of Ally Financial Inc., has announced the launch of its redesigned online banking experience. Nearly one half of Ally Bank’s retail deposit customers use online banking, and the new platform provides them with a simpler, smarter way to manage their bank accounts, as well as new features most frequently requested by customers.
January 23 – Beneficial Bank, the oldest and largest bank headquartered in Philadelphia, announced that it has hired Rocco Perate as senior vice president and director of its new Government Guaranteed Lending Group. This department will provide customers with government guaranteed financing to maintain and improve their business operations. Continue reading “Beneficial Bank Establishes New Government Lending Group” »
Where do you see crop prices headed?
Hopefully grain prices, corn in particular, will stabilize and stop the slide we have seen in the last year. High yield predictions coming true will likely keep the price at $4.00 or less well into 2015. I have seen some grain corn farmers chop significant acreage for silage. They plan to feed to fall stockers in the hopes that they can get a better price marketing corn through the stockyard.
January 22 – City National Corporation and Royal Bank of Canada have announced a definitive agreement by which Royal Bank of Canada will acquire all outstanding shares of City National Corp. Total consideration is valued at approximately $5.4 billion at announcement, or approximately $93.80 per City National share, comprised of a mix of cash and common stock, based on RBC’s closing stock price on January 21, 2015. The agreement has been approved by the boards of both companies.