Chris Cumming

The Federal Reserve Bank of Cleveland has terminated an enforcement action against Rurban Financial (RBNF) in Defiance, Ohio, tied to its information-technology unit.

Flagstar Bancorp (FBC) in Troy, Mich., has agreed to sell DocVelocity, its document-imaging business, to mortgage tech company Capsilon.

Wells Fargo's mortgage unit is terminating a joint venture with investment firm Edward Jones and closing an office in the Minneapolis area.

QCR will pay roughly $20.1 million in cash and stock for the $290 million-asset Community National. The consideration is 70% stock and 30% cash. The companies expect to complete the deal in the second quarter.

Minden Bancorp (MDNB) in Minden, La., is set to begin its third repurchase plan since becoming a public company two years ago.

Citizens First (CZFC) in Bowling Green, Ky., is nearly two-thirds of the way to exiting the Troubled Asset Relief Program.

Huntington Bancshares (HBAN) plans to upgrade hundreds of its automated teller machines to add image-capture technology, and will roll out mobile deposit later this year.

The deal announced Tuesday follows the collapse of the bank's planned merger with C1 Bank.

OptimumBank Holdings in Ft. Lauderdale, Fla., has hired a veteran banker as its chief executive. The $150 million-asset company said Tuesday that it had hired Timothy Terry.

The Freedom Bank of Virginia is planning to cash in on the anticipated consolidation of government contractors.

The Federal Reserve Board has issued an enforcement action against the holding company of an Alabama bank.

Generation Mortgage, a reverse-mortgage lender in Atlanta, has promoted Colin Cushman to fill its recent vacancy at the top.

Core-banking tech provider Jack Henry is expanding the services it offers banks and credit unions by offering support for prepaid cards, with assistance from TransCard.

Citizens Bank of Kansas is seeking to switch from a national to a state charter.

Consumer credit reports contain many errors, causing some consumers to pay higher rates for loans, the Federal Trade Commission said Monday.

Losses at Anchor BanCorp Wisconsin (ABCW) in Madison narrowed slightly last quarter as its credit quality improved.

United Community Banks in Blairsville, Ga., has renewed its contract with Fiserv and added the fintech company's debit card services.

Flagstar Bancorp (FBC) has set aside $161 million to cover lawsuits over its mortgage-underwriting practices.

First Northern Bancorp (FNRN) of Dixon, Calif., is nearly halfway out of the Treasury Department's Small Business Lending Fund.

The Federal Reserve issued an enforcement action against a Montana bank holding company and lifted one from the parent of a recovering Texas bank. Both moves mirror actions by the Office of the Comptroller of the Currency toward the companies' banking units.