Jacob Passy

Ingo Money in Atlanta, Ga., has added former MasterCard president and chief executive H. Eugene Lockhart to its board of directors.

Hanscom Federal Credit Union has acquired W.H. Nichols Employees Federal Credit Union as of Jan. 1.

Community Shores Bank Corp. in Muskegon, Mich., has raised about $5.3 million and has been released from an enforcement action.

Payment security services provider EchoSat has purchased SmartLink, a division of Heartland Payment Systems.

KeyCorp in Cleveland will retain two First Niagara Financial Group executives after its acquisition of the Buffalo, N.Y., company closes.

TruStone Financial Federal Credit Union in Plymouth, Minn., has merged with Wisconsin-based Southshore Credit Union of Cudahy and First Credit Union of Oak Creek.

AmeriServ Financial in Johnstown, Pa., and Provident Bancorp in Amesbury, Mass., are the latest community banks to announce plans to exit the Small Business Lending Fund.

Bitcoin Direct has a heavyweight behind its latest digital wallet – literally.

East West Bancorp in Pasadena, Calif., paid $118.4 million to terminate single-family and commercial shared-loss agreements with the Federal Deposit Insurance Corp., tied to an acquisition of a failed bank.

Colony Bankcorp in Fitzgerald, Ga., has redeemed about a quarter of its shares in the Troubled Asset Relief Program.

Amboy Bancorp in Amboy, Ill., has agreed to buy Franklin Grove Bank in Franklin Grove, Ill.

New York Community Bancorp in Westbury has finished the balance sheet repositioning it previewed as part of its agreement to buy Astoria Financial in Lake Success, N.Y.

The $1.3 billion-asset company said in a press release that CEO Stephen Wilson will retire at the end of the year.

Samsung plans to expand its Samsung Pay service to more phones in 2016, including its lower-priced models.

First Priority Financial in Malvern, Pa., has redeemed $6 million in preferred stock associated with the Troubled Asset Relief Program.

CalWest Bancorp in Irvine, Calif., has raised $14 million through a private offering to recapitalize and to retire its Troubled Asset Relief Program funds.

F&M Bank in Clarksville, Tenn., has named Tennessee banking veteran Brad Barrett to its board of directors.

Foreign Banks Profit off Rate Hike; Sanders Blasts Fed

Boston Private Financial Holdings has appointed its chief executive, Clayton Deutsch, as CEO of its bank subsidiary, Boston Private Bank & Trust.

Three banks have redeemed shares of preferred stock to make their exits from the Small Business Lending Fund.