Chris Cumming

A lawsuit that accused GMAC Mortgage of taking kickbacks and overcharging homeowners on force-placed insurance policies has survived a motion to dismiss.

New Century Bancorp in Dunn, N.C., has agreed to buy Select Bancorp in Greenville, N.C.

The state has reached a settlement with five payday lenders under which they would be prevented from collecting on certain loans and pay restitution to customers, Eric Schneiderman's office announced Monday.

Ellie Mae plans to update its platform to help underwriters comply with the latest federal mortgage guidelines.

CommunityOne Bancorp in Charlotte, N.C., has been freed from the threat of prosecution for allegedly ignoring a $40 million Ponzi scheme run by a customer.

The chairman of City National Corp. in Los Angeles is passing the role to his son.

Bridge Bancorp in Bridgehampton, N.Y., has agreed to buy FNBNY Bancorp in Merrick, N.Y.

Cynthia Merkle has joined the $2.5 billion-asset mutual as executive vice president and COO, it announced Friday.

Mooney is joining AT&T’s (NYSE:T) board of directors, the telecommunications company announced Friday. She will sit on the corporate development and finance committee.

The $840 million-asset company will take a third-quarter charge of about $10 million on the sale of the loans, which have a book value of $33 million, it said.

The federal government has broken up a fraud ring in which a key figure was a Wells Fargo (WFC) employee who opened accounts for her accomplices.

A Treasury Department program that supplies credit to small businesses spurred $1.9 billion in loans and created or saved 53,000 jobs in its first 18 months of operation, the department says.

Investors Bancorp (ISBC) in Short Hills, N.J., and Roma Financial (ROMA) in Robbinsville, N.J., have extended the deadline for their merger while they wait for regulatory approval.

Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., didn't have to look far to find its permanent chief financial officer.

The Federal Reserve Board has ordered SunSouth Bancshares of Dothan, Ala., to strengthen its board.

Interest rates on credit cards are falling as Americans keep deleveraging and banks tighten consumer credit standards.

The prepaid card provider SpendSmart Payments Co., known for having Justin Bieber as its promoter, is expanding its business to serve the government market.

Meta Financial Group (CASH) in Sioux Falls, S.D., has reshuffled its management with four new executive appointments, including the promotion of Brad Hanson to president.

First Clover Leaf Financial (FCLF) in Edwardsville, Ill., has hired David Kuhl as the president and chief executive for its bank.

Community banks in the South have gotten healthier this year as a whole, but many of them have seen a slowdown in lending, according to a quarterly analysis by the Office of the Comptroller of the Currency.