Kristin Broughton

Peoples Bank of Indianola in Iowa has agreed to buy Pleasantville State Bank in Iowa.

CheckAlt, a Los Angeles-based payment processing company, has purchased ERAS, a financial software firm that was owned by Diebold Inc.

Riverland Bancorp. in Jordan, Minn., has raised roughly $1.3 million by selling common stock.

Payoneer, a cross-border payments company, has received an investment from Ping An, a Chinese financial services company, to expand its business in Asia.

Wintrust Financial (WTFC) of Rosemont, Ill., is planning to raise capital by issuing subordinated debt.

The Federal Reserve said Friday that it has appointed Eric S. Belsky to serve as director of its Division of Consumer and Community Affairs.

The $9.7 billion-asset company said in a regulatory filing Wednesday that it could sell the stock from time to time through Credit Suisse Securities.

Prepaid card company Green Dot (GDOT) said Friday that it supports Visa's new initiative to simplify fees and disclosures.

The $1.6-billion asset company, based in Asheville, N.C., is headed into Virginia for the first time after announcing plans Thursday to open a commercial loan production office in Roanoke.

Justin Timberlake will perform a private, small-venue concert for customers of Citi's American Airlines promotional credit card on July 10 at the Hammerstein Ballroom in New York.

American Express is adding financial management tools to its Serve and Bluebird prepaid cards and is expanding the cards' cash reload network.

AT&T is planning to test a fraud-detection service that will allow credit card companies to track the locations of customers who opt in.

MasterCard has launched a new Shariah-compliant debit card in Malaysia.

AT&T is planning to test a fraud-detection service that will allow credit card companies to track the locations of customers who opt in.

A federal judge has ruled that a Kansas-based payday lending operation intentionally deceived borrowers about the cost of their loans.

It's not easy to survive as a single-branch community bank anymore. That's the view of John Essen, president of Community Savings Bank in Bethel, Ohio, which agreed this week to merge with Home Building and Loan Co., a savings and loan in Greenfield, Ohio.

Capital One Financial (COF) has consolidated its commercial real estate lending units, in an attempt to further integrate Beech Street Capital, the multifamily mortgage firm it acquired last year.

CardFlight intends to incorporate Apple's fingerprint scanning technology into SwipeSimple, its mobile payment application for businesses.

Downs, Kan., has had two locally based banks for many years, according to the Federal Deposit Insurance Corp.'s website. One dates to 1892, and the other to 1919.

Mercantile Bank (MBWM) in Grand Rapids, Mich., has finally completed its acquisition of Firstbank (FBMI) in Alma, Mich.