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Despite worries about frozen credit markets, Philadelphia-area banks boosted their lending in the third quarter. Some are thinking about taking a federal investment to be able to lend even more. "We see the potential for significant growth in this ...
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Small businesses also hope that Obama and Congress will push banks and the U.S. Small Business Administration to free up more financing.
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Reserving money to cover problem loans caused third-quarter income at U.S. Century Bank to fall to $85,462. The Miami-based bank set aside $1.4 million for loan losses. CEO Octavio Hernández said in a statement the bank remains ``profitable and well capitalized.''