Jacob Passy

Google plans to end support for the physical Google Wallet Card, according to information included in the code of its latest Google Wallet app update.

Deutsche's IT Overhaul; Lenders Push Parent Loans

Bay Banks of Virginia in Kilmarnock has increased the size of its fourth-quarter loss, after a commercial borrower pleaded guilty to creating false financial statements.

Troubled Clarkston Brandon Community CU, Clarkston, Mich., has been merged with Michigan State University Federal Credit Union, East Lansing, Mich.

Railroad & Industrial Federal Credit Union in Tampa said it has exceeded $300 million in assets. The credit union previously crossed the $150 million-asset mark in 2005.

Mid Penn Bancorp in Millersburg, Pa., has hired Michael Peduzzi as chief financial officer.

Banks Target Home Equity; Bitcoin Rival Emerges

Sterling Bancorp in Montebello, N.Y., plans to raise $105 million in a debt sale to fuel potential acquisitions of commercial lenders.

Jefferson Security Bank in Shepherdstown, W.Va., has promoted Cynthia Kitner from chief financial officer to chief executive.

Cash may still be king when it comes to small purchases, but debit cards are threatening to end its reign, according to survey results announced Wednesday by CreditCards.com.

The former chief executive of a failed bank in Lincoln, Neb., was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators.

Fifth Third is using savings generated from closing more than 100 branches over the past year to expand its digital capabilities through a major IT hiring initiative.

Citizens Financial Group in Providence, R.I., has hired Randall Black as chief accounting officer and controller. He will start at the company on April 18, succeeding Ronald Ohsberg.

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

Fifth Third Bancorp plans to hire about 200 technology professionals this year, amid a focus on mobile and digital banking.

USA Technologies in Malvern, Pa., has added a new member to its board of directors and selected a new chief services officer.

The Federal Reserve Board has terminated enforcement actions issued in 2010 against American Bank of Baxter Springs in Kansas and CB Financial in Wilson, N.C., and issued an enforcement action against Hazard Bancorp in Kentucky.

Heartland Financial USA in Dubuque, Iowa, has exited the Small Business Lending Fund.

Wings Financial Credit Union has scored a deal to take over a branch from U.S. Bank at Minneapolis-St. Paul International Airport.

Wings Financial Credit Union has scored a deal with Minneapolis-St. Paul International Airport to take over the airport's U.S. Bank branch.