Lalita Clozel

Mechanics Bank in Walnut Creek, Calif., has named three senior financial executives, about five months after a Dallas investment group acquired a majority stake.

Credit card networks and issuers have done a poor job in explaining the implications of the just-passed Oct. 1 deadline for moving to EMV chip-and-PIN cards, leaving many small businesses confused, lawmakers said Wednesday during a hearing on Capitol Hill.

Credit card networks and issuers have done a poor job in explaining the implications of the just-passed Oct. 1 deadline for moving to EMV chip-and-PIN cards, leaving many small businesses confused, lawmakers said Wednesday during a hearing on Capitol Hill.

It started out as a chat over dinner and cocktails between a director of Trans Pacific National Bank and Dr. Robert Murray, a part-time physician for the San Francisco Giants.

Credit card networks and issuers have done a poor job in explaining the implications of the just-passed Oct. 1 deadline for moving to EMV chip-and-PIN cards, leaving many small businesses confused, lawmakers said Wednesday during a hearing on Capitol Hill.

Boston Private Financial Holdings has appointed a Silicon Valley executive to its board.

Fifth Third Bancorp has agreed to pay nearly $85 million to settle fraud charges related to undisclosed defective Federal Housing Administration-insured loans.

A pair of community banks have lined up funding through separate subordinated-debt agreements with a firm in the Cayman Islands.

Capital One Financial has allowed shareholders to nominate candidates to the company’s board of directors, joining a spate of large U.S. companies moving to open access to proxy ballots.

Marlin Business Services in Mount Laurel, N.J., has partnered with property and casualty insurer Hartford Financial Services Group to expand services for its core clientèle.