Colin Wilhelm

Bank of America has settled a national class-action lawsuit brought by former employees who claimed they weren't paid for overtime work.

First Banks in St. Louis has promoted an executive to chief operating officer and has made two additional promotions.

Tri-Valley Bank in San Ramon, Calif., plans to raise $1.35 million in a private placement of its common stock.

Poage Bankshares in Ashland, Ky., has promoted its bank president to chief executive, following the resignation of Ralph "Gene" Coffman.

Customer loyalty provider Clutch has forged an agreement with POS on Cloud, a point of sale software company, to provide restaurant and retail gift card, loyalty, and customer intelligence for businesses.

What appears to be an internal employee notice at McDonald's may signal Android Pay's launch later this week, the blog Android Police reported over the weekend.

Total System Services (TSYS) has launched a new data analytics tool called TSYS Analytics Intellisuite, which will feature dashboards for real-time data monitoring and analysis of consumer portfolios.

Blue Valley Ban Corp. in Overland Park, Kan., has named an executive from a large investor in the company to its board.

JPMorgan Chase has named retired Army Gen. Raymond Odierno senior adviser to the company on international relations, cybersecurity, leadership development and other issues.

Horicon Bank in Horicon, Wis., has agreed to acquire a branch in Fond du Lac, Wis., from Baraboo National Bank.

Bankwell Financial Group in New Canaan, Conn., has issued $25.5 million in subordinated debt and it plans to exit the Small Business Lending Fund program.

New Jersey Community Bank's chairman has resigned, less than four months after he quit as chief executive of the Freehold bank.

Avidia Bank of Hudson, Mass. has contracted payments technology company FIS to offer card-free ATM transactions through a mobile app.

Heritage Oaks Bancorp in Paso Robles, Calif., has named Jason Castle chief financial officer, following CFO Lonny Robinson's resignation after grooming him for the job.

The Treasury Department announced Tuesday that members of the public will have an additional month to submit comments about the online marketplace lending industry.

Bank of New York Mellon has agreed to pay $14.8 million to settle Securities and Exchange Commission allegations that it used its internship program to violate the Foreign Corrupt Practices Act.

Activist investor Joseph Stilwell is demanding that Carroll Bancorp in Sykesville, Md., pick up the pace on stock buybacks.

The recapitalization will allow City National Bank to continue as a certified Community Development Financial Institution, the bank said.

First State Associates in Hawarden, Iowa, has agreed to buy Miner County Bank in Howard, S.D. The banks expect the deal to close later this quarter or early in the fourth quarter.

Astoria Financial in Lake Success, N.Y., has named a former Citigroup banker a director of business banking.