Chris Cumming

Wave Systems (WAVX) has developed a system for online authentication that relies on verifying a user's device ID.

Sierra Vista Bank in Folsom, Calif., has added $1.5 million in capital from the Taylor International Fund.

The Federal Deposit Insurance Corp. is seeking to recover $48 million from officers and directors of a Florida bank that collapsed in 2010 following heavy defaults on commercial real estate loans.

Republic First Bancorp (FRBK) in Philadelphia is continuing its push into southern New Jersey.

Customers Bancorp in Wyomissing, Pa., is bumping up the size of its stock sale by more than 20%

Four community banks announced Troubled Asset Relief Program redemptions Wednesday. Two were in Missouri and one each in South Carolina and Virginia.

Peoples Bancorp (PEBO) in Marietta, Ohio, has bought three insurance agencies in Jackson, Ohio.

Commerce Bancshares in Kansas City, Mo., has struck a deal for Summit Bancshares of Tulsa that would nearly double its asset base in Oklahoma.

Bar Harbor Bancshares (BHB) in Maine has chosen TD Bank (TD) executive Curtis Simard as its next leader.

Atlantic Coast Financial's (ACFC) quarterly loss widened as its lending income fell and expenses rose.

Former TCF Financial (TCF) chief executive Lynn Nagorske has died.

PNC Financial Services Group (PNC) will close 10 branches in its hometown of Pittsburgh as part of a planned $700 million in expense cuts.

Michael Harrington will succeed current CFO Drew Hostetter, who plans retire at the end of the year, the $18 billion-asset company said Tuesday. Hostetter has held the position since 1996.

Analytics firm SAS has taken on two new clients in the Russian banking sector: Home Credit Bank, a private retail bank, and UniCredit, which is using SAS's data-management system for its Russian banking operations.

Three banks are among the companies that employ the highest number of underbanked Americans, according to a study released Tuesday.

Community Bank of Bergen County in Maywood, N.J., has sold a $3.2 million portfolio of nonperforming loans.

M&T Bank (MTB) in Buffalo, N.Y. has released two new products that small businesses can use to manage their cash flow.

Iberiabank Corp. in Lafayette, La., has named a new chief credit officer.

Analytics firms Numerix and Quartet FS are joining forces to provide data visualization and analysis for risk management.

Quarterly profit at Cascade Bancorp in Bend, Ore., rose 60% thanks to cost cuts and improvements in asset quality.