Joseph Kellard

Xenith Bankshares in Richmond, Va., had added a former chief executive of Amalgamated Bank to its board.

Popular Inc. in San Juan, Puerto Rico, will take a $55 million hit to third-quarter earnings after its bank lost an arbitration battle with the Federal Deposit Insurance Corp.

First Foundation in Irvine, Calif., has agreed to buy a pair of branches from Pacific Western Bank in Beverly Hills, Calif.

The Federal Trade Commission took a victory lap Tuesday in its fight with race car driver Scott Tucker and his payday lending operation.

Medallion Bank in New York has sold its asset-based lending division to an unnamed buyer.

The $21 billion-asset bank said Monday that it had hired John Gannon as group manager of Small Business Administration lending and Clyde Thompson as credit officer.

Midland States Bancorp in Effingham, Ill., has ended loss-share agreements related to two failed banks it acquired.

Affinity Plus Federal Credit Union in St. Paul, Minn., signed a multi-year marketing contract with the athletics program at the University of Minnesota.

U.S. Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

A team of 24 credit union leaders and guests from across the U.S. visited Tanzania for the Educruise Africa Safari conference in August as part of a credit union development educator exchange trip.

MB Bancorp in Forest Hill, Md., has lined up a new chief executive.

City National Bank in Los Angeles has launched a national business to focus on the food and beverage industries.

Revere Bank in Laurel, Md., has raised $31 million in a subordinated debt offering that it plans to use for M&A and other purposes.

Mercantile Bank Corp. in Grand Rapids, Mich., announced several promotions that underscore a heightened focus on loan growth.

The $234 million-asset bank said in a recent press release that Thomas Duryea had succeeded its founder, Shirley Nelson.

Gary "Litefoot" Davis, a member of the Cherokee Nation in Oklahoma and a music and on-screen personality, was named executive director of the Native American Financial Services Association.

Freedom 1st Credit Union in Dayton, Ohio, has selected COCC as its new core processing system.

First Internet Bancorp in Fishers, Ind., has issued $25 million in subordinated debt and intends to use the proceeds to support its rapid growth and perhaps for future acquisitions.

CU Bancorp in Los Angeles has agreed to a consent order to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.

NCUA Chairman Rick Metsger has proposed changing the name of NCUA's Office of Consumer Protection to the Office of Consumer Financial Protection and Access.