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.

As its merger with Houghton Mifflin Harcourt Employees FCU closed on Oct. 1, Hanscom FCU gained more than 1,000 new members.

Southeast Financial Credit Union in Franklin, Tenn. has filed a lawsuit against The College Network, an Indiana online test preparation company that is facing charges of fraud.

Pinterest is expanding its ‘Buyable Pin’ function to three more e-commerce software providers.

FPS Trust Co. and its sister company HealthSavings Administrators have integrated technology from the processor Total System Services into their operation.

Banks worldwide are in danger of losing significant profits in several lending areas to nonbank alternative lenders, according to a McKinsey study.

John Neal will retire later this year as president of Union Bank & Trust in Richmond, Va. Neal, 66, will step down on Dec. 31 after 24 years at the $7.5 billion-asset bank.

JPMorgan Chase has paid off $3.56 billion of the $4 billion it owes in consumer relief credit as part of a 2013 settlement over marred mortgage-backed securities issued before the crisis.

Community West Bancshares in Goleta, Calif., has received regulatory approval to exit the Troubled Asset Relief Program.

The practice court at Bankers Life Fieldhouse in Indianapolis, home to the Indiana Pacers and Indiana Fever basketball teams here, is getting a new name.

Avant, an online lending platform that focuses on borrowers with marred credit, announced an agreement Wednesday to raise $325 million in equity financing from blue-chip investors.