Chris Cumming

U.S. Bancorp (USB) has promoted P.W. Parker to vice chairman and chief risk officer, the Minneapolis company said Thursday.

The founding chairman of U.S. Century Bank in Miami will step down.

JPMorgan Chase (JPM) has distributed close to $90 million to customers through a rewards program for those who have both a checking account and a mortgage with the bank.

Croghan Bancshares (CHBH) in Fremont, Ohio, has bought Indebancorp in Oak Harbor.

A grocery chain's decision to shutter its Chicago stores will reportedly shrink JPMorgan Chase's (JPM) branch count in the city by 12%.

EverBank (EVER) in Jacksonville, Fla., is laying off 302 employees, or about 7% of its workforce, as it quits the business of servicing defaulted home loans.

Walter Investment Management (WAC) has bought $30 billion of mortgage servicing rights from an unnamed bank.

Small-business loan approval rates by both large and small banks jumped in November, rebounding from an October lull in which the government shutdown caused a backlog in applications.

The $18.4 billion-asset company said in a regulatory filing Wednesday that it will shutter 37 branches inside Chicago-area Jewel-Osco stores and a branch in downtown Minneapolis.

The number of households using mobile bill payments doubled in the last year, according to a survey released Wednesday by the financial technology company Fiserv.

EverBank Financial (EVER) in Jacksonville, Fla., has agreed to pay the Federal Deposit Insurance Corp. $48 million in connection with its purchase of the failed Bank of Florida in May 2010.

SunTrust Banks (STI) has agreed to sell RidgeWorth Capital Management, its asset management business, for $245 million.

Three collection companies used forged Wells Fargo (WFC) and U.S. Bank (USB) documents to recoup debts from defaulted borrowers, according to a complaint filed by Colorado Attorney General John Suthers.

Tom Meuser will leave the role at the end of the year, the Sacramento Business Journal reported Tuesday. George Cook, the bank's president, will succeed him.

Fifth Third Bancorp (FITB) in Cincinnati has renamed its wealth management unit.

Jacksonville Bancorp (JAXB) in Florida has filled its opening for a chief executive.

Bank of Hawaii (BOH) will reportedly delay its exit from American Samoa until the territory can recruit another bank.

Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., plans to cut about 18% of its workforce and close five branches after it buys Mission Community Bancorp (MISN) in San Luis Obispo, Calif.

IBM has agreed to buy a tech subsidiary from the Belgian financial firm Dexia, and has signed contracts with several major European financial institutions to manage their IT.

Fiserv has launched a system to help financial firms mitigate the risk of crime.