Chronicles

New RedBook app puts industry info at your fingertips

The Texas Bankers Association and NFR Communications have teamed to create the Texas Banking RedBook app. It is now available for download in the Apple store and the Google Play store. To celebrate the app’s launch, users who download and try the app between now and the end of the year receive a 30-day free trial. The Texas Banking RedBook app puts all the features of the printed Texas Banking RedBook in a handheld device for easy access to industry information, such as bank financials, branch locations, links to bank trade groups, regulatory agencies, credit unions and information on multi-bank holding companies. [Continue]

Banks made nearly $70 billion in third quarter

FDIC-insured institutions made $69.5 billion in net income during the third quarter, a nearly 36 percent increase from a year ago. The increase was sparked by a nearly $20 billion decline in provision expenses. Two-thirds of all banks reported annual improvements in quarterly net income, and the share of profitable institutions year-over-year slightly increased to nearly 96 percent.  [Continue]