Chris Cumming

The Securities and Exchange Commission has settled charges against a former executive of UCBH Holdings, the parent of the failed United Commercial Bank in San Francisco.

The ratings agency is reviewing its rating of the senior and subordinated debt of six major banks due to indications that the federal government would unlikely support failing institutions, it said in a statement Thursday.

KeyWorth Bank in Johns Creek, Ga., has agreed to buy a branch from Signature Bank of Georgia in Sandy Springs.

Pulaski Financial in St. Louis has repurchased $6 million worth of its Troubled Asset Relief Program shares following their auctioning last year by the Treasury Department.

Allowing online fraud to happen is one of the surest ways a bank can lose its customers' loyalty, according to a recent survey.

BankUnited in Miami Lakes, Fla., has joined with a factoring company to provide funding to small businesses.

American Express topped a new J.D. Power survey, and Capital One was No. 1 in a separate study, but there was a common theme in their rankings: clear disclosures and applications make customers happy.

Community First Credit Union in Appleton, Wis., has renewed its relationship with technology provider Fiserv.

Bank of America has passed a mobile banking milestone: more than one million small business customers are using the Charlotte, N.C., bank's mobile banking application.

A pair of prominent investors are pursuing opposing strategies in their bank investments: Warren Buffett is buying, while David Einhorn is cutting back.

VantageSouth Bancshares in Raleigh, N.C., plans to sell up to $50 million of preferred stock to leave the Troubled Asset Relief Program.

Reports of suspected fraud received by the Financial Crimes Enforcement Network fell by 25% last year, to just under 70,000, according to the regulator's report on fraud filings for 2012, released Tuesday.

U.S. Bancorp has hired advertising agency Butler, Shine, Stern & Partners for its U.S. market, replacing the Kaplan Thaler Group.

Ally Financial (GMA) in Detroit has agreed to sell $1 billion of stock to help fund the buyback of about $5.9 billion of preferred stock from the Treasury Department.

Monona State Bank in Wisconsin has begun using Encompass360, Ellie Mae's system for managing mortgage originations and servicing, the financial technology company announced Tuesday.

Signature Bank (SBNY) in New York has added to its national sales staff for specialty finance.

Community Bankers Trust (ESXB) in Glen Allen, Va., has agreed to sell its Georgia operations to Community & Southern Holdings in Atlanta.

Independent Bank (IBCP) in Ionia, Mich., plans to raise up to $86 million through a common stock offering.

Capital One Financial Corp. (COF) has agreed to buy Beech Street Capital, a mortgage firm that specializes in government-insured and multifamily loans.

In a move aimed at reducing its cost of funds, Eastern Virginia Bankshares (EVBS) is retiring debt owed to the Federal Home Loan Bank System.