Kristin Broughton

Four credit unions were recognized on Monday for excellence in lending by the CUNA Lending Council. The awards, co-sponsored by CUNA Mutual Group, were presented at the council's 20th annual lending conference in San Diego.

The bank unit of Carver Bancorp in New York has been released from a cease-and-desist order by federal regulators.

Northwest Community CU in Springfield, Ore., has completed its previously announced acquisition of Fred Meyer Employees FCU in Portland, Ore.

Flagstar Bancorp in Troy, Mich., which has been under pressure from regulators in recent months, has hired a new chief financial officer.

The device, known as Clover Mobile, allows merchants to perform a variety of business functions, including scanning inventory and taking payments, using a mobile tablet. Earlier versions of Clover, called Clover Station, were designed to be affixed to a countertop.

ConnectOne Bancorp in Englewood Cliffs, N.J., has appointed Mark Santasieri chief credit officer.

Freedom Bank of Virginia in Fairfax plans to raise $4 million by selling common stock.

Capital One plans to lay off 111 employees in Houston, as it looks to consolidate back-office jobs responsible for deposit processing.

Bank of America and U.S. Bank are nearing a settlement agreement with a Chicago pension fund over charges that the banks failed to protect investors from losses during the financial crisis.

CPI Card Group, a provider of EMV payment services in Littleton, Colo., has launched a new service to support Near Field Communication-based mobile payments.

Hampton Roads Bankshares in Virginia Beach has named John Marshall Jr. as chief risk officer. He succeeds Robert Bloxom, who retired from Hampton Roads at the end of September.

NCUA said in a press release Friday that it has barred three former credit union employees from working at a federally insured financial institution.

The Federal Deposit Insurance Corp. on Friday released its list of enforcement actions from September, including a consent order that played a role in derailing two planned acquisitions.

Investors Bancorp in Short Hills, N.J., reported higher third-quarter earnings, fueled by strong loan growth.

The PCI Security Standards Council on has released updated standards on ways to promote company-wide security awareness.

The Bancorp in Wilmington, Del., said on Friday that it has eliminated its commercial lending operations, amid pressure from regulators to fix its anti-money laundering procedures.

Citigroup on Thursday revised its third-quarter earnings downward by $600 million, citing an unexpected spike in legal costs.

As banks move analytics closer to the front office, bankers need to change the way they think about the customer.

First United Bank in Durant, Okla., has agreed to acquire First American Bank in Purcell, Okla.

Heritage Family CU in Rutland, Vt., has named Matt Levandowski as president and chief executive.