Items Tagged with 'Banking'


  • Fifth Third Bank approved by OCC to become nationally chartered

    The Ohio-based bank will expand nationwide
    Fifth Third Bank is ready to go nationwide. The bank currently operates in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina, but earlier this year, the bank filed an application with the OCC to convert itself from an Ohio state-chartered bank to a nationally chartered bank. And this week, the OCC approved Fifth Third's application, positioning the bank to be nationally chartered.
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  • Gateway First Bank names Jeff Schmidt chief mortgage operations officer

    Announcement comes only a few months after merger with Farmers Exchange Bank
    Only a few months after merging with Farmers Exchange Bank, Gateway First Bank has appointed Jeff Schmidt as its chief mortgage operations officer. In this new role, he will manage underwriting, appraisal, closing and funding, post-closing and construction lending departments. Schmidt will also be working to expand of Gateway’s mortgage call centers based in Dallas and Frisco, Texas. 
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  • Hey regulators, let’s fix the Community Reinvestment Act

    It’s time to make CRA more effective in the 21st century banking system
    The Community Reinvestment Act is important to provide fair access to credit and investment, and many financial institutions agree it’s an important tool in their business strategy. But current guidelines render it ineffective, and it’s time regulators institute much-needed change.
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  • Fifth Third Bank app combats student debt

    Customers paid off $1 million in student debt by rounding up debit card purchases
    The weight of student debt can often be paralyzing, however, an app launched by Fifth Third Bank has reportedly freed up $1 million worth of loan debt for its customers. The Fifth Third Momentum is available to any Fifth Third debit card user and can be used with more than 30 major student-loan servicers, both public and private.
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  • Wells Fargo: You’re scaring younger generations away

    Here’s why young adults may steer clear
    [Op-ed] Many Millennials are looking for a trustworthy bank, but will Wells Fargo’s scandalous headlines steer them away? As I approach independence, the bank I choose will set me up for failure or success. While many seem promising, I’m definitely hesitant about this one in particular.
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  • JPMorgan Chase beats expectations for Q2 earnings

    Strength in mortgages and real estate cited for growth
    "JPMorgan Chase continued to perform well in all of our major businesses,” said Jamie Dimon, JPMorgan Chase chairman and CEO. “We saw strong underlying performance with record consumer deposits, up 10%, credit card sales volume, up 8%, merchant processing volume, up 13% and broad core loan growth, up 16%, particularly in mortgage and commercial real estate.”
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  • All banks passed their stress tests

    Here's how they fared
    The stress test results just came in, and 33 banks shows they could undergo the Fed’s tests. For some banks, this is a welcome result after failing the tests several times before. Here’s how they all fared in the tests.
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