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Oct 22

NBRS Financial Becomes 15th Bank to Fail This Year

It’s been a while since a bank failed — the last one was in July. But, that streak didn’t last long. On Friday, NBRS Financial, based in Rising Sun, Md. with $188.2 million in assets and $183.1 million in deposits, was closed by federal regulators. All deposits were assumed by Howard Bank, based in Ellicott

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Bank of America to Issue EMV Chip Debit Cards
Sep 30

Bank of America to Issue EMV Chip Debit Cards

Bank of America announced that all new and reissued consumer and small business debit cards will carry EMV chip technology starting in October. “The new chip-enabled debit cards will improve security of customers’ transactions when traveling abroad and at home, as more U.S. merchants adopt chip technology,” said Titi Cole, retail products and underwriting executive

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Sep 16

First Trade Union Bank Offers Debit Card Rewards Program for Cutting Student Loan Debt

First Trade Union Bank has partnered with SmarterBucks to provide a debit card rewards program that helps customers pay down their student loan debt. “We’re proud to be the bank that provides the only debit card that earns SmarterBucks rewards to help pay down student debt and improve consumers’ financial management,” said Michael A. Butler,

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American Express Serve Raises ATM Fees and Withdrawal Limits

American Express Serve Raises ATM Fees and Withdrawal Limits

American Express Serve, the prepaid card, is making some changes to its accounts terms — one good, one bad, according to an email notice sent to cardholders. Starting October 30, 2014, Serve cardmembers will pay an out-of-network ATM withdrawal fee of $2.50, up from $2. The best way to avoid this fee is to use

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Ally Bank Launches Mobile Apps for Android Tablets, Kindle Fire
Sep 15

Ally Bank Launches Mobile Apps for Android Tablets, Kindle Fire

Ally Bank introduced native mobile banking applications designed specifically for Android and Kindle Fire tablets that allow customers to manage their accounts, perform transactions and find more information about Ally accounts and rates. “With more customers accessing their accounts via tablet, we saw an opportunity to make the Ally banking experience obviously better for tablet

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BB&T to Acquire The Bank of Kentucky for $363 Million
Sep 09

BB&T to Acquire The Bank of Kentucky for $363 Million

BB&T, the nation’s 10th largest bank by deposits, has agreed to acquire The Bank of Kentucky, based in Crestview Hill, Ky. with $1.6 billion in deposits. BB&T agreed to pay $360 million in cash and stock in the deal. “We are extremely excited to welcome our new clients and associates in these vibrant markets to

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Chase Launches Redesigned Android App
Sep 04

Chase Launches Redesigned Android App

Chase has updated its Android mobile banking application with a new look and user interface that aims to personalize and simplify the mobile banking experience. “We’re continually improving the Chase Mobile App as more and more customers connect with us through their smart phones and tablets,” said Gaven Michael, head of Digital for Consumer and

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Simple Relaunches Mobile Banking Apps With New Design
Aug 19

Simple Relaunches Mobile Banking Apps With New Design

Today, Simple launched new versions of its mobile banking applications for iPhone and Android with a new look and new features. “With this release, we focused on perfecting the basics: clean design and excellent user experience,” Simple said in a blog post. The mobile apps now have an all-new design and a more intuitive user

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TD Bank Introduces Mobile Account Opening
Aug 07

TD Bank Introduces Mobile Account Opening

Forget the hassle of opening up a bank account by walking into a TD Bank branch — you can now do it conveniently on your smartphone. TD Bank recently announced the launch of their Mobile Account Opening, which will revolutionize the way people open up a personal banking account. Customers are now able to open

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Jul 21

Eastside Commercial Bank Becomes 13th Bank Failure of 2014

Eastside Commercial Bank, based in Conyers, Ga. with $169 million in assets and $161.6 million in deposits, was closed by federal regulators on Friday. Community & Southern Bank, based in Atlanta, Ga. agreed to assume all the deposits of the failed bank. The two branches of the failed bank have reopened as Community & Southern

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