Similiar Content You Might Enjoy
Bank of the James opened its doors in 1999 and was organized under the laws of the Commonwealth of Virginia to engage in retail and commercial banking business. Bank of the James is a locally owned community bank and serves individuals, small and medium sized businesses and professionals in central Virginia. The Bank’s services include
On October 31, 2008, Freedom Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
Prior to today’s failure the previous bank failure was On October 24, 2008, when Alpha Bank & Trust, Alpharetta, GA was closed by the Georgia Department of Banking and
As the economy shows continued signs of rebounding, stock prices have headed higher and bond prices move lower. Since interest rates move in the inverse direction of bond prices, bond rates moved higher for the week. An increased number of upbeat economic reports have boosted stock prices in December and driven money away
With bank certificate of deposit rates hovering at their lowest level in a year and the financial pundits talking of an economic recovery, it is hard to see how CD rate can move much lower. Today’s CD rates may come as an unpleasant surprise to those that accept this wisdom and think the bottom had
Investar Bank is a full service community bank headquartered in Baton Rouge, Louisiana. Investar Bank was founded in 2006. The bank offers a full array of banking products and services for individuals, professionals and small and medium-sized businesses.
Investar Bank products and services includes personal and commercial banking services for mortgages, construction loans, home equity loans,
Iron Workers is a mutual savings bank established December 8th, 1879 in Chester Pennsylvania. The Bank was named after the local artisans who built iron clad ships, in the local ship yard. Iron Workers is a community bank specializing in retail and small business banking. The bank offers a variety of standard banking services from
Finding big CD rates in Texas is not too easy to come across in this current interest rate environment. The task may seem especially trying when looking among the smaller institutions based in the Lone Star state. But low and behold, a tiny bank hiding in plain sight right in the heart of the state
The U.S. Census Bureau, a division of the Commerce Department, announced today that advance numbers for U.S. retail and food services sales for November were $355.7 billion, a decrease of 1.8 percent from October, the previous month. The total sales figure was a decrease of 7.4 percent below November 2007 numbers. These figures are adjusted
There are no Federal regulations that would prevent you from either depositing cash into your checking or savings accounts or opening a CD with a cash deposit. Federal regulations simply make it mandatory that banks fill out a disclosure form when there is a transaction involving cash in excess of $10,000.00. Banks are
To sign your name on the back of a check in order to cash it or deposit it.
Each mutual fund will have an investment objective. The investment objective will dictate some of the holdings and investment restrictions the type of money fund will have. As an example, government only money market funds will only invest in U.S. government obligations and those backed by U.S. government obligations. Other funds will specify the quality
Check 21 is a Federal law that is designed to enable banks to handle more checks electronically, which is intended to make check processing faster and more efficient. Check 21 is the short name for the Check Clearing for the 21st Century Act, which went into effect on October 28, 2004.
Federal law stipulates that all time certificates of deposit (CDs) that are cashed out early are subject to a minimum penalty. If you withdraw an amount within the first six days after deposit, the penalty consists of at least seven days’ simple interest. Other than that minimum requirement, national banks can set their
Interest rate markets had a fairly active week. Interest rates swirled up and down as the markets continued to shrug off some of the issues in Europe and a slow U.S. economy. By the time the week came to a close, the greatest interest rate changes were in the Treasury market. Mortgage rates moved higher
The City National Bank of Sulphur Springs is located in East Texas and has been serving the region since1889. City National Bank is one of Sulphur Springs’ oldest surviving businesses. The bank has eight full service bank branches. The bank also operates a mortgage office in Sulphur Springs. City National Bank of Sulphur Springs offers
Fair Housing Act (1968)
Prohibits discrimination in the extension of housing credit on the basis of race, color, religion, national origin, sex, handicap, or family status.
Truth in Lending Act (1968)
Requires uniform methods for computing the cost of credit and for disclosing credit terms. Gives borrowers the right to cancel, within three days, certain loans secured by
Interest that has been earned on a bond or other fixed income security since the last interest payment was made but not yet paid.
CD rates crawled slightly higher after markets concerns over the government debt ceiling, a government shutdown, Mideast tension, Obama Care, NSA spying, dramatic increases in domestic oil production and more Miley Cyrus antics appeared to pass us by without a major incidence. The credit and fixed income markets saw quite a bit of volatility during
On Nov. 5th, 2008 GMAC Financial Services reported a 2008 third quarter net loss of $2.5 billion, compared to a net loss of $1.6 billion in the third quarter of 2007.
GMAC Financial Services is a global finance company operating in and servicing North America, South America, Europe and Asia-Pacific. GMAC specializes in automotive finance, real
Online banking has become a very secure method of transacting business. Online banking can be used for funds transfers, account maintenance, bill paying and other services. Often, the interest rates on online only accounts are some of he highest rates available and this includes savings accounts, money market accounts as well as certificates of deposit.