Chris Cumming

The chief executive officer of First Data Corp. (FDC) is resigning, the company said Friday.

The Independent Community Bankers of America (ICBA) is toasting the Government Accountability Office (GAO) for agreeing to examine the economic benefit that megabanks derive from their too-big-to-fail status.

Profits rose 43% at DSA Financial (DSFN) of Lawrenceburg, Ind., on its sales of loans and investments last quarter.

Heartland Financial USA (HTLF), a multibank holding company in Dubuque, Iowa, has swapped executives with one of its subsidiaries through a pair of promotions.

First Keystone in Berwick, Pa., has convinced its retired chief executive to serve as its vice chairman.

Old Dominion National Bank of North Garden, Va., has struck a deal to raise funds from an investor, contingent on the success of a private placement.

Southern Bancorp in Arkadelphia, Ark., has hired a sitting state legislator to become its chief executive.

PNC Bank and Charter One Bank have each named new regional presidents for Illinois.

Enterprise Financial in St. Louis, Mo., has fully exited the Troubled Asset Relief Program.

Severn Bank & Trust in Annapolis, Md., has turned to a 35-year banking veteran to be its chief lending officer.

JPMorgan Chase (JPM) will pay nearly one-fifth of the total cost of the settlement reached this week between regulators and 10 of the nation's biggest lenders.

Intermountain Community Bancorp (IMCB) of Sandpoint, Idaho, is now trading on Nasdaq.

PNC said in a SEC filing Wednesday that it will record nearly $500 million in charges in the fourth quarter, more than half of which are related to its repurchase of troubled mortgage loans it had previously sold to Fannie Mae and Freddie Mac.

FirstMerit (FMER) of Akron, Ohio, has chosen a veteran banker in the upper Midwest to manage its newly acquired business in Michigan.

Bank of America's need to downsize continues to benefit small banks, as Old National acquires branches with $780 million of deposits in two states.

JPMorgan Chase (JPM) Chief Executive Jamie Dimon has left the board of the Federal Reserve Bank of New York, more than six months after lawmakers called for his resignation because of JPMorgan's multibillion-dollar trading scandal.

United Community Bancorp (UCBA) in Lawrenceburg, Ind., has completed the stock offering for its second-step conversion.

The country's biggest originator of home loans is gearing up for a big push in the Tempe and Phoenix areas.

The $2.5 billion-asset bank, which already makes home loans in Minnesota, said Tuesday that it is bulking up in the state by acquiring The Business Bank in Minneapolis and its mortgage subsidiary, Prime Mortgage.

JPMorgan Chase chairman Jes Staley is joining the hedge fund BlueMountain Capital as a managing partner. He will be responsible for developing client relationships and will help direct the firm's strategy.