Wednesday, April 7, 2010 as of 11:14 AM ET
A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices.
Read More at Wikipedia ›
Borrowing against your own cash and paying interest on that loan might seem counterintuitive, but savings account customers across the country are doing just that.
Why? It's an option if you're looking to build or rebuild your credit history, or you want to borrow money at an extremely low interest rate rather than draining your savings or cashing in a CD.Credit unions and banks of all sizes offer their customers " passbook savings loans " -- named after the savings account booklets used to log withdrawals and deposits. Some banks refer to the loans as secured personal loans, savings secured loans, collateral loans or other names. They are particularly common at smaller financial institutions.All have the same basic setup: You borrow money using your own savings account or certificate of deposit as collateral, while paying a much lower interest rate than you would on a credit card or unsecured personal loan."They are another option for consumers to begin to repair their credit or financ...
FNC Contributor Karl Rove on why the economy is the key campaign issue despite Obama stating his position on same-sex marriage.
University of Maryland Law Professor Michael Greenberger on whether regulations could have prevented J.P. Morgan’s losses and how it will impact lending.
FBN's Charlie Gasparino on what hurts J.P. Morgan's Jamie Dimon the most about the $2 billion losses.
Chase Business Card Division President Richard Quigley on small-business owner’s increasing optimism and efforts to boost lending.
The banking system has strengthened since the financial crisis, making some loans more available, but mortgage lending will likely be slow to recover, Federal Reserv...
Bill approved to help small businesses
FBN’s Peter Barnes on the changes Congress is considering to Dodd-Frank in an effort to help small businesses.
Regional and community banks are often recommended as a solution to the low interest rates offered by large banks -- and for good reason. MoneyRates.com has found th...
FBN’s Liz MacDonald on how much money taxpayers are still owed under TARP.
Louis Hernandez, Jr., Open Solutions CEO, on what he is hoping to hear from Fed Chairman Ben Bernanke in today’s press conference.
Government intervention has made Australia's banking sector less competitive and could lead to higher costs for consumers in the future, the executive chairman of mo...
University of Maryland Economist Peter Morici argues a recession is on the way.
Valley National Bank CEO Gerald Lipkin on the impact of financial regulation overhaul.
The Plus Side of Prepaid CardsDon't believe everything you hear when it comes to prepaid cards. Taking advantage of customer outrage over new monthly fees at some of...
Signature Bank chairman Scott Shay argues regulators should level the playing field and not just worry about big banks.
Sen. Bob Corker, (R-Tenn.), on efforts to have a hearing and investigate the bank’s losses.
U.S. regulators on Monday published final guidelines for banks' internal "stress tests" of their operations, emphasizing that banks need to do so to be prepared for ...
U.S. regulators on Monday published final guidelines for banks' internal "stress tests" of their operations, emphasizing that banks need to do so to be prepared for ...
Bank regulators on Monday released stress test guidance for big banks, asking institutions to conduct an analysis of whether the institutions would survive based on ...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
