Jacob Passy

Apple Eyes P2P Payments; Bank Recruiting Lags

Stonebridge Financial in West Chester, Pa., plans to sell its bank through bankruptcy proceedings.

Mid Penn Bancorp in Millersburg, Pa., plans to exit the Small Business Lending Fund program and redeem a separate pool of preferred stock through an upcoming debt sale.

Western Union has named Elizabeth Chambers as the company’s chief strategy and product officer.

Central Bank of Kansas City in Missouri has agreed to issue prepaid cards for Cachet Financial Solutions in Minneapolis.

Minneapolis Fed Picks Ex-TARP Head as Chief, JPM Hackers Charged

Banc of California in Irvine has named executives to the newly created positions of chief strategy officer and chief investment officer.

BofA Takes On Data Aggregators; European Banks Struggle to Heal

M&T Bank has begun dismissing former Hudson City Savings Bank workers in New Jersey, following the completion of its acquisition of the company.

National Bank Holdings in Greenwood Village, Colo., has negotiated an early termination of the loss-share agreements that backed up its acquisitions of two failed banks.

Electronic payments technology provider Verifone has entered into an agreement to buy Payment as a Service provider InterCard AG.

TLAC, Part II; Yearly Bonuses Going Bust

U.S. Bancorp has been hit with a consent order regarding deficiencies in its anti-money laundering compliance program.

First Guaranty Bancshares in Hammond, La., has decided to again test the market for an IPO. The $1.4 billion-asset company in December postponed a stock offering that would have raised around $65 million, as concerns mounted about the impact the slide in oil prices would have on the bank.

M&T Bank has expanded its leadership in the metro New York region after completing its acquisition of Hudson City Bancorp.

EnerBank USA in Salt Lake City has chosen Charlie Knadler to succeed Louise Kelly as president and chief executive after her retirement next month.

National Bank Holdings in Greenwood Village, Colo., has filed an application to convert NBH Bank from a national association to a Colorado state-charted bank.

WEX has selected Roberto Simon to become the fleet card company's next chief financial officer.

Wells Fargo has agreed to pay $81.6 million to settle a federal investigation into its alleged failure to properly notify homeowners of increases in their mortgage payments.

Bank of the West has reached an agreement to become the official bank of its neighbor across San Francisco Bay, the University of California, Berkeley.