Alan Kline

On Monday, Reuters reported that HSBC Chief Executive Officer Stuart Gulliver told reporters at a World Economic Forum conference in Jakarta that if it cannot find a buyer, HSBC intends to put the card business "into rundown."

Boston Private Bank & Trust has sold one of its four Seattle-area branches to fast-growing Heritage Financial Corp.

First Midwest Bank in Itasca, Ill., has hired longtime Chicago-area banking executive Mark G. Sander as its new president and chief operating officer.

Bank of Georgetown in Washington, D.C., has raised more than $25 million in fresh capital that it will use to fund its continued expansion in the city and surrounding suburbs.

Small-business owners prefer bank loans over other forms of financing, but banks remain reluctant to lend due to pressure from their regulators, according to a survey released Monday by the Graziado School of Business and Management at Pepperdine University.

Boston Private Bank & Trust has sold one of its four Seattle-area branches to fast-growing Heritage Financial Corp.

First Midwest Bank in Itasca, Ill., has hired longtime Chicago-area banking executive Mark G. Sander as its new president and chief operating officer.

On Monday, Reuters reported that HSBC Chief Executive Officer Stuart Gulliver told reporters at a World Economic Forum conference in Jakarta that if it cannot find a buyer, HSBC intends to put the card business "into rundown."

Ally Financial Inc. apparently will wait for the slumping stock market to recover before pursuing an initial public offering.

Having already raised $50 million in fresh capital this year, Seattle Bank announced this week that it has received another $12 million from investors that its chief executive officer said the once-ailing bank would use to accelerate its growth plan.

MB Financial Inc. in Chicago is looking to looking rid itself of its asset-quality problems in one fell swoop.

Ally Financial Inc. apparently will wait for the slumping stock market to recover before pursuing an initial public offering.

Having already raised $50 million in fresh capital this year, Seattle Bank announced this week that it has received another $12 million from investors that its chief executive officer said the once-ailing bank would use to accelerate its growth plan.

MB Financial Inc. in Chicago is looking to looking rid itself of its asset-quality problems in one fell swoop.

Washington Federal Inc. in Seattle is raising its profile in New Mexico with a deal to acquire six branches and $253 million of deposits from Charter Bank in Albuquerque.

Two weeks after striking a deal to buy Capitol Bancorp's Seattle unit, AmericanWest is moving into the California market with a deal for Capitol's Sunrise Bank in San Diego.

U.S. Bank in Minneapolis announced Thursday that it has named Kurt Adams as head of its Corporate Payments Systems unit, replacing Robert Abele, who is retiring at the end of June.

The board of directors at Community Partners Bancorp in Middletown, N.J., has elected Frank Patock as chairman of both the company and its bank subsidiary, Two River Community Bank.

Washington Federal Inc. in Seattle is raising its profile in New Mexico with a deal to acquire six branches and $253 million of deposits from Charter Bank in Albuquerque.

Global banking giant Barclays PLC announced Tuesday that Archibald Cox Jr. will step down as chairman of Barclays Americas at the end of this month to pursue other interests.