Items Tagged with 'Peoples Bank'

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  • Fed sanctions Peoples Bank for misleading borrowers on mortgage fees

    Ordered to pay $2.8 million in restitution to affected borrowers
    Kansas-based Peoples Bank repeatedly misled borrowers about the fees they paid under the auspices of lowering the interest rate on their mortgages, the Federal Reserve Board said on Tuesday. The Fed is requiring Peoples to pay approximately $2.8 million into an account to provide restitution to the affected borrowers.
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  • NBH Bank agrees to acquire Peoples National Bank, Peoples Bank

    Peoples boasts $1 billion retail mortgage business
    National Bank Holdings, the parent company for NBH Bank, announced that it plans to acquire Peoples, Inc., the bank holding company of Colorado-based Peoples National Bank and Kansas-based Peoples Bank. Peoples boasts a robust retail mortgage origination channel that originates more than $1 billion in mortgages per year.
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