Chris Cumming

Commerce Bank founder Vernon Hill has lost his bid to collect more than $17 million in back pay from Toronto-Dominion Bank, which bought Commerce in 2007.

Financial software firm Akcelerant has updated its loan-origination technology.

Analytics firm Xenomorph is bringing its data-management program TimeScape — which financial firms can use for trading, risk management, information technologies and back-office functions — to Microsoft's cloud platform, Windows Azure.

The board of First Northern Community Bancorp in Dixon, Calif., has elected new leadership.

Gries Investment Fund, a Florida investment group, has canceled plans to buy Southern Commerce Bank in Tampa, according to a newspaper report.

Geoffrey Hesslink, an executive vice president, was promoted to the newly created post, the $1.7 billion-asset company said Tuesday.

The Fed on May 15 lifted a 2009 written agreement that barred the $326 million-asset Tysan from taking on debt or repurchasing stock without regulatory approval.

Vasco will pay approximately $20 million in cash for the Cambridge, U.K.-based Cronto, with certain conditions that could push the final payout to $22 million, the companies said Monday.

Indiana Members Credit Union in Indianapolis has switched to Jack Henry & Associates' core-processing system.

S&T Bancorp in Indiana, Pa., has appointed a new chairman.

Two bank deals, one in New Jersey and the other in California, have won regulatory approval and are nearing completion.

Wintrust Financial in Rosemont, Ill., has retooled the ranks at its Wheaton Bank & Trust.

The $208 million-asset bank has filed an application for the change with regulators, it said last week. Executives wanted to get away from the geographically limiting name, though they plan to keep the bank's headquarters in Lowell.

Huntington Bancshares in Columbus, Ohio, has introduced a new MasterCard for business clients as it seeks to expand its card business.

National Regulatory Services, a maker of compliance software, has upgraded its ComplianceMAX platform. The software helps broker-dealers, advisers, banks and insurance companies handle audits, complaints, and registration.

The Securities Industry and Financial Markets Association has named former U.S. Senator Judd Gregg its new chief executive.

Shareholders of OptimumBank Holdings (OPHC) have approved a reverse stock split aimed at preserving the Fort Lauderdale, Fla., company's Nasdaq listing.

Miguel Blesa, a former executive of Caja Madrid, is in Spanish prison after being accused of arranging to buy Florida's City National Bank at an inflated price.

The Office of the Comptroller of the Currency took regulatory action against 11 financial institutions and terminated orders against five others in April, the agency said Friday.

Hampton Roads Bancshares (HMPR) in Virginia Beach, Va., has named Charles Johnston chairman.