Colin Wilhelm

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.

Foothills Community Bank in Dawsonville, Ga., has named John Lewis interim chief executive.

Information technology firm Infosys and digital payments company Payveris have partnered on a new service for bill payment and money management for credit union and community bank customers.

Empire National Bank in Islandia, N.Y., has named former Commerce Bank president and chief executive Robert Falese to its board.

DoverPhila Credit Union, a Dover, Oh.-based credit union with more than 35,000 members, has started using CAMS-ii core processing software provided by R.C. Olmstead of Powell, Oh.

Codorus Valley Bancorp in York, Pa., has given Chief Executive Larry Miller the additional title of chairman, after its longtime chair retired.

Payment and identification card company American Banknote (ABnote) and cloud-based payment company MeaWallet are partnering to create an open-loop mobile wallet for ABnote customers.

PetLinx, a New Zealand startup that provides software for pet companies, has contracted Boston-based Cayan (formerly Merchant Warehouse) to provide payments support.

Farmer Mac reported higher second-quarter profit, citing an increase in the value of financial derivatives and hedged assets.

Wells Fargo has hired Allianz veteran Jasmine Jirele to head its trust operations team.

The NASA Federal Credit Union will mix science non-fiction and fiction, providing Star Trek themed credit cards on request to its members.