Retailers Disappointed by FDIC Decision on ILCs.
WASHINGTON, Jan. 31 /PRNewswire/ -- The National Retail Federation expressed disappointment at today's decision by the Federal Deposit Insurance Corporation to continue its moratorium on applications for industrial loan companies that would be owned by commercial companies. "Companies with pending applications shouldn't be held to different standards...

FDIC Approves CapitalSource Commercial Bank Application.
CHEVY CHASE, Md., Nov. 14 /PRNewswire-FirstCall/ -- CapitalSource Inc. today announced that the FDIC has approved its application to convert CapitalSource Bank to a state-chartered commercial bank in California. As previously announced, the California Commissioner of Financial Institutions has also approved the conversion from the existing industrial bank charter....

UFCW Applauds FDIC Decision to Extend ILC Moratorium.
WASHINGTON, Feb. 1 /PRNewswire-USNewswire/ -- The United Food and Commercial Workers Union (UFCW) enthusiastically supports the recent Federal Deposit Insurance Corporation (FDIC) decision to give Congress another year to consider whether to prohibit companies such as Wal-Mart stores from acquiring their own banks. The UFCW applauds the...

Humboldt Bancorp to Present at Keefe, Bruyette, & Woods Community Bank Investor Conference.
EUREKA, Calif., July 23 /PRNewswire/ -- Humboldt Bancorp (Nasdaq: HBEK) today announced that its management will make a presentation at the Keefe, Bruyette, & Woods, Inc. Community Bank Investor Conference in New York City July 25-26. Theodore S. Mason, President and CEO of Humboldt, and Patrick J....

Seventy-nine students graduate from 2008 ABA School of Bank Marketing.
Seventy-nine students graduated in the 2008 class of the ABA School of Bank Marketing and Management (SOBMM). The school was held May 3-9 at Southern Methodist University, Dallas. [ILLUSTRATION OMITTED] The 2008 graduation took place of the end of the school's second week. Each of...

Banks' history may point to future.
Byline: Ed Patenaude COLUMN: So I've Heard Webster had two federally chartered banks when Franklin Delano Roosevelt was inaugurated president of the United States on March 4, 1933. The municipality also had two state-authorized banks and a fledging credit union. There weren't any branch offices...

Urban Trust Bank to Open Bank Branches Inside Select Wal-Mart Supercenters.
WASHINGTON, Jan. 24 /PRNewswire/ -- Robert L. Johnson, Chairman of The RLJ Companies, today announced execution of an agreement between Urban Trust Bank, FSB, a federally chartered savings bank, and Wal-Mart Stores, Inc. Under the agreement, Urban Trust Bank intends to lease space inside select Wal-Mart stores and open...

WakeUpWalMart.com Statement on FDIC Decision to Extend ILC Moratorium for an Additional Year.
KANSAS CITY, Mo., Jan. 31 /PRNewswire-USNewswire/ -- Today, the FDIC announced that it would extend the moratorium on ILC charters for non- financial institutions for an additional year. The FDIC's decision denies Wal-Mart the ability to get approval for its proposed bank for at least the next 12 months....

Tubbs Jones Applauds FDIC Extension of Moratorium on Industrial Loan Company Applications.
WASHINGTON, Jan. 31 /PRNewswire/ -- Today, Congresswoman Stephanie Tubbs Jones praised the Board of the Federal Deposit Insurance Corporation (FDIC) on its decision to extend for one year their moratorium on applications for deposit insurance by Industrial Loan Corporations (ILCs), and notices of change in bank control for existing...

Complex sold for $10.4M; Center will receive a $7M renovation.
Byline: Bob Kievra WORCESTER - A Boston-based investment group has purchased the Worcester Business Center at 67 Millbrook St. for $10.4 million and plans extensive renovations to reposition the five-story building for prospective office tenants. Worcester Business Center LLC closed the deal April 2 with...