Banking & Financial Services News

Get a balanced look at what’s new in the banking and financial services industry. This section features information about commercial banking services and products, credit unions, credit card companies, cryptocurrency, compliance issues and news from banking and financial service companies.

Wild, Wild West Comes to UK with Loan Arrangers

Want to know about the hot secret that US customers have been keeping to themselves? Wait no longer – a new service has hit UK web pages. - July 24, 2006 - Inter Financial Limited

IRS Imposes New Offer in Compromise Requirements

Tax resolution company alerts taxpayers of new 20% down payment requirement for Offer in Compromise applications submitted to the IRS. - July 20, 2006 - FSI Financial Literacy, Corp.

Crescent Financial Corporation Announces 54% Increase in Second Quarter Earnings

Crescent Financial Corporation Announces 54% Increase in Comparative Second Quarter Earnings and 28% Increase in Earnings Per Share. - July 18, 2006 - Crescent State Bank

Merchants Home Loan Announces Its 1st Rate Service Guarantee's 2nd Anniversary

Guarantee gives Loan Officers incentive to provide top notch customer service their #1 priority. - July 14, 2006 - Merchants Home Loan

The LowVARates.com $250 Challenge

LowVARates.com is offering a $250 challenge to any veteran borrower who qualifies for a loan. Whether you use your VA entitlement and go with a VA loan or if you choose to go with a NON VA loan, LowVARates guarantees that one of their preferred lenders will get you the lowest APR on the... - July 13, 2006 - Low VA Rates

LowVARates.com Unveils 7 Habits of Highly Effective Verteran Home Owners

LowVARates set out with a goal to show future and prospective veteran homebuyers how to effectively manage themselves prior to applying for a VA loan. - July 12, 2006 - Low VA Rates

Crescent State Bank Names City Executive For Expansion Into Raleigh Market

Jonathan Taylor Chosen To Lead Community Bank’s New Offices. - July 09, 2006 - Crescent State Bank

Crescent State Bank Announces New Employee

Betty Crump Joins Local Bank As Assistant Vice President And Community Banker. - June 30, 2006 - Crescent State Bank

Crescent State Bank Names Cary City Executive

Frank Shell Chosen To Lead Cary Market Banks. - June 23, 2006 - Crescent State Bank

Crescent State Bank Names New Branch Operations Manager

Monica Navarro Joins Raleigh Office. - June 16, 2006 - Crescent State Bank

Crescent State Bank Announces New Employee

Kim Atkins Joins Local Bank As Assistant Vice President and Community Banker. - June 09, 2006 - Crescent State Bank

GetMeLowerRates.com Asks "The Option Arm Loan, is it Right for You?"

The same company that is offering to find you the lowest rates is now offering you loan choices. GetMeLowerrates.com is designed to find you the best possible rates for your loan now gives you the choice of how much money you want to pay on your loan each month. - June 07, 2006 - GetMeLowerRates.com

Crescent State Bank Supports Wake County Public Schools

Local bank sponsors public education event. - June 06, 2006 - Crescent State Bank

Crescent State Bank Honors Two Cary High School Students

Community Bank offers scholarships to graduating seniors. - June 02, 2006 - Crescent State Bank

Crescent State Bank Sponsors The Friends of Scouting Campaign

Local Bank supports The Boy Scouts of America. - May 26, 2006 - Crescent State Bank

VA Interest Rates on the Rise for VA Home Loans

If you are looking to use your VA benfits to purchase a home loan, then now is the time to buy. - May 26, 2006 - Low VA Rates

Crescent State Bank Names New Assistant Vice President

Sarah Martin Joins Community Bank’s Preston Location. - May 19, 2006 - Crescent State Bank

VA Loan Holders Can Now Cash Out and/or Consolidate Debts with LowVARates.com

For years there has been a major misunderstanding in the VA loan industry. It has been a common belief among VA Home Owners and Lenders that if a veteran home owner wanted to get cash out of their property, that they would have to get a 2nd mortgage or go to a conventional loan. ... - May 16, 2006 - Low VA Rates

Crescent State Bank Senior Vice President Serves On Young Executives Panel

Ray Vaughn Shares Marketing Advice With Young Executives. - May 12, 2006 - Crescent State Bank

Veterans and Active Military Personnel Now Have a Friend in the Mortgage Business

LowVARates.com is excited to be filling a void that has been long past due. Active military and veterans have always felt that most lending institutions, banks, mortgage companies etc have not completely understood the complex dealings of a VA Loan. This misunderstanding has caused hundreds of thousands of eligible VA Borrowers to be convinced or pushed into other types of conventional loans that have not been nearly as beneficial as a VA Loan would have been. - May 11, 2006 - Low VA Rates

Capital City Club’s Young Executives Club Hosts Panel

Experienced Professionals Share Marketing Advice With Young Executives. - May 11, 2006 - Crescent State Bank

Crescent State Bank Clayton Office Vice President Named Ambassador of the Year

Wanda Markuson Recognized By Clayton Chamber of Commerce. - May 05, 2006 - Crescent State Bank

Crescent State Bank Announces New Vice President

Katey Petz Named Vice President And Controller. - April 28, 2006 - Crescent State Bank

Crescent State Bank Named To North Carolina’s Top 100 List By Triangle Business Journal

Local Community Bank Recognized As A Top Public Company In The State. - April 21, 2006 - Crescent State Bank

Crescent State Bank Garner Junior Bank Board Raises Money For Cancer Research

Local Bank Participants In Relay For Life. - April 20, 2006 - Crescent State Bank

Crescent State Bank Hosts Ribbon Cutting Ceremony For New Raleigh Office

Community Bank Celebrates The Opening Of Their First Office In Raleigh. - April 18, 2006 - Crescent State Bank

Crescent State Bank Enters Raleigh Market

Local Community Bank Opens First Office In Raleigh. - April 14, 2006 - Crescent State Bank

Fort Bragg Federal Credit Union Delivers Financial Solutions to Military Personnel through Partnership with Active Data Services, Inc.

Companies Partner To Provide Delivery Of Financial Information For Fort Bragg Federal Credit Union Members. - April 11, 2006 - Active Data Services

Crescent Financial Corporation to Acquire Port City Capital Bank

The Boards of Directors of Crescent Financial Corporation, Cary, North Carolina (Nasdaq National Market: “CRFN”) and Port City Capital Bank, Wilmington, North Carolina (“POCY.PK”) announced today that they have reached a definitive agreement whereby Port City Capital Bank will be acquired by Crescent Financial Corporation and become a wholly-owned banking subsidiary of Crescent Financial Corporation operating under its current name and with its current board of directors and management. - April 07, 2006 - Crescent State Bank

Crescent State Bank Announces New Employee

Simone Nguyen Joins Local Bank As Credit Administrator. - March 31, 2006 - Crescent State Bank

BankInfoSecurity.com Announces Bank Fraud & Cybercrimes Webinar

BankInfoSecurity.com has announced it will be running a special webinar series on bank fraud and cybercrimes hosted by Officer Michael Grigsby, head of the cybercrime unit in Somerset, Kentucky. - March 28, 2006 - Information Security Media Group

Bill Clement Joins Crescent State Bank

Local Commercial Bank Names New Senior Vice President And Eastern Wake Community Executive. - March 27, 2006 - Crescent State Bank

Crescent State Bank City Executive Honored For Contributions To Local Boy Scouts

Jonathan Taylor Receives Scouting Award. - March 24, 2006 - Crescent State Bank

Sandra Lamb Bridges Joins Lee County Advisory Board

Small Business Advocate Of 2005 Named To Bank’s Advisory Board. - March 17, 2006 - Crescent State Bank

Michael G. Carlton Speaks to Garner Junior Bank Board

Crescent State Bank President Shares Expertise. - March 14, 2006 - Crescent State Bank

Crescent State Bank Ranked As One Of Top Triangle Banks

Triangle Business Journal’s Book Of Lists Ranks Community Bank In Top 25 In The Triangle. - March 10, 2006 - Crescent State Bank

Crescent State Bank Executive Named Crosswinds District Breakfast Chairman

Michael G. Carlton, President of Crescent State Bank, a wholly-owned subsidiary of Crescent Financial Corporation, (Nasdaq National Market: CRFN), has announced that Jonathan Taylor, Senior Vice President and City Executive at Crescent State Bank’s Cary office, has been named Breakfast Chairman of the 2006 Friends of Scouting, Major Gifts Breakfast by the Crosswinds District of Boy Scouts of America. - March 09, 2006 - Crescent State Bank

Debt Shield Cautions Taxpayers Against Charging Taxes

Credit card companies are offering incentives to taxpayers. However, charging taxes to your credit card can be an expensive payment method, especially when the IRS offers an installment plan, and often negates any benefits from credit card incentive programs. - March 08, 2006 - Debt Shield, Inc.