Chris Cumming

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.

Pacific Continentalin Eugene, Ore., has named a new head for its operations around Seattle.

Huntington Bancshares (HBAN) in Columbus, Ohio, has expanded its auto-finance business into its 17th state.

American Express plans to sell a 50% stake in its business-travel division in a bid to expand the operation.

United Security Bancshares in Thomasville, Ala., has recruited its next chief financial officer from Regions Financial.

Banks with assets of less than $50 billion will get a one-year reprieve from making their stress tests and capital plans adhere to Basel III standards, the Federal Reserve Board said Tuesday.

Country Club Bank in Kansas City, Mo., has promoted several executives.

Independence Bancshares (IEBS) in Greenville, S.C., has hired two former Verizon executives — Aditya Khurjekar and Humphrey Chen — to broaden its mobile-banking services.

The credit bureau Experian has named new leadership for two major business units within its North American credit services group, along with a handful of other executive appointments in the group.

Valley National Bancorp in Wayne, N.J., is offering to sell up to $125 million of subordinated notes to repay its trust-preferred debt.

The European bank UniCredit has picked First Data to develop its mobile-payments offerings for Europe.