Among this week's most read content: JPMorgan overtakes Bank of America as the largest deposit-holder in the U.S.; Bank of the Ozarks' reports third-quarter earnings results; and Business First Bancshares is buying a state peer.
Big banks buy into renewables with eye on the future
The nation's biggest banks — JPMorgan Chase & Co., Wells Fargo & Co., Bank of America Corp. and Citigroup Inc. — are tapping into renewable energy to power their global operations as part of a longer-term strategy to hedge energy expenses.
Bank of the Ozarks plans branch expansion, preps for stress testing
Bank of the Ozarks produced robust third-quarter financial results with strong loan growth despite the sudden departure of the company's president and chief lending officer, Dan Thomas.
Shelf charter banks are selling as crisis-era investors cash in
More than half of the investor-backed banks that received special charter during the recession have been sold as a run-up in bank valuations encouraged investors to exit their portfolios.
In Louisiana, Business First Bancshares buying Minden Bancorp for $76.1M
The combined company, which will have over $1.5 billion in assets, will become the ninth-largest bank based in Louisiana.
JPMorgan overtakes BofA as largest deposit-holder in US
JPMorgan's deposits grew by 7.9% over the 12 months ended June 30, as compared to the 5.3% increase in Bank of America's deposits balance.