Kristin Broughton

New York's banking regulator has issued subpoenas to TD Bank and Santander over possible consumer abuses in the banks' subprime auto lending divisions, a source familiar with the matter said Friday.

Two River Bancorp in Tinton Falls, N.J., has received regulatory approval to redeem half of the preferred stock it issued under the Small Business Lending Fund program.

Investors in the failed Tennessee Commerce Bank have reached a tentative agreement to resolve a two-year-old class action involving the bank.

The $1 billion-asset ESB said in a press release Thursday that it will pay $53 million in cash for the $333 million-asset Citizens National.

ARLINGTON, Va. — NAFCU has appointed Alicia Nealon as director of regulatory affairs.

Associated Banc-Corp in Green Bay, Wis., is planning to join the New York Stock Exchange.

The market for the serving underbanked customers expanded last year, mostly due to a rising demand for subprime auto loans, the Center for Financial Services Innovation said Thursday.

Renasant Corp. in Tupelo, Miss., has agreed to buy Heritage Financial Group in Albany, Ga., for roughly $258 million.

New York banking regulator Benjamin Lawsky provided details Wednesday about his plan to require the state's financial institutions to strengthen their cyberdefense systems.

Anchor Bancorp in St. Paul, Minn., has agreed to buy VFSC in Eden Prairie, Minn.

Earlier opposition to the idea appears to have eased in the wake of a new proposal that would use interbank fees to cover the cost of technological upgrades.

SkyOne Federal CU in Hawthorne, Calif., has received an award from the Internet Marketing Association for its website and social media presence.

Worldpay, a payments processing and technology company based in London, plans to move its U.S. headquarters to Atlanta.

Blackhawk Network has reached an agreement with the U.S. Postal Service to distribute its closed-loop gift cards through post offices.

Banks would have to upgrade their systems to accommodate faster transactions, and originating banks would pay the receiving financial institutions a fee to cover those costs, under a plan from Nacha, the industry group that sets ACH rules.

Banks would have to upgrade their systems to accommodate faster transactions, and originating banks would pay the receiving financial institutions a fee to cover those costs, under a plan from Nacha, the industry group that sets ACH rules.

The industry group that sets the rules for the automated clearing house network on Tuesday formally offered its proposal for developing a same-day payments system. It was the latest move in an industrywide push for faster transactions.

M&T Bancorp in Buffalo, N.Y., has once again delayed its planned purchase of Hudson City Bancorp in Paramus, N.J.

Commonfund, an investment management firm in Wilton, Conn., has hired Catherine Keating as its chief executive.

The Aschheim, Germany-based payments company will process subscriptions for the TV station's Sky Starter and Sky Film packages.