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Some banks try to justify tight underwriting standards by arguing that borrowers with lower credit scores and those who can only afford lower down payments are more likely to default. But the research supporting this argument is based on outdated analysis of high-cost, risky loans.
October 22 -
United Community Banks in Blairsville, Ga., has announced a series of executive changes following the retirement of its chief risk officer.
October 2 -
Small banks and credit unions can get a leg up on their large competitors by using low-cost, low-maintenance checking accounts to win over financially underserved customers.
September 15
United Community Banks in Blairsville, Ga., reported higher quarterly profit that benefited from loan growth and a stable net interest margin.
The $7.5 billion-asset company reported that its third-quarter earnings rose 38% from a year earlier, to $17.2 million, or 29 cents a share.
Net interest income rose 5%, to $57 million. Total loans increased 7%, to $4.6 billion, but the net interest margin was flat, at 3.32%
Noninterest income rose 1.3%, to $14.4 million.
Operating expenses rose 3%, to $41.4 million.
