The $610 million-asset company named Tim Schools president and CEO of both the holding company and Highlands Union Bank, pending regulatory approval.

The Dodd-Frank Act was supposed to end the regulatory advantages that came from holding a thrift charter. But in the case of USAA, it hasn't worked that way.

Centrue Financial in Ottawa, Ill., has named a new chairman, after its longtime chairman resigned for health reasons.

The state-owned Bank of North Dakota has approved a plan to provide $300 million in loans to farmers hit by low commodity prices or crop production.

Bank Leumi's conservatism helped it stay profitable during the financial crisis. The bank, a unit of Leumi Group in Israel, is ready to get more aggressive in areas such as technology lending.

Royal Banks of Missouri in University City has agreed to buy Frontenac Bank in Earth City, Mo.

Peoples Bancorp of North Carolina in Newton has been hit with an enforcement action related to its compliance with anti-money-laundering laws.

While national mortgage fraud risk is on the decline, here's a look at six markets where loan defects are rising.

Scott Kavanaugh, CEO of First Foundation Bank in Irvine, Calif., talks about running a startup bank during the financial crisis. The drought in de novos will likely continue because of high compliance costs, he said.

Quadriga Fintech Solutions Corp., a Canadian bitcoin exchange, is launching a blockchain innovation research lab to build new payments and financial services technology.

Hilltop Holdings in Dallas has rebranded its securities unit as it prepared to combine two broker-dealer businesses it picked up from a recent acquisition.

A class-action settlement filed late Thursday awarded $59 million to tens of thousands of New Yorkers who had their bank accounts frozen and wages garnished in an illegal collection scheme.

Industry advocates say Consumer Financial Protection Bureau curbs on arbitration will eliminate a favored legal option, but where's the evidence that banks really prefer arbitration?

PwC's Dennis Nally on how men can empower women in financial services; Fidelity's Kathy Murphy on drawing female customers to financial planning; Well Fargo's Maureen O'Donnell on welcoming female advisers aboard; and are the regulatory agencies welcoming to women?

A handful of entrepreneurs have created apps that let workers, especially those with inconsistent incomes, receive portions of their paychecks before payday. Their emergence underscores how slower payments look out of date in an on-demand world.

The American Bankers Association named Georgia community banker Daniel Blanton its new chairman and elected three additional officers during its annual convention.

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

NCR has reached an agreement for an $820 million investment from private equity giant Blackstone Group, which it will use to fund a $1 billion stock buyback.

The forthcoming "overnight bank funding rate" should give banks and researchers a more accurate picture of funding costs, but it is not clear whether the rate is part of the Fed's effort to reform Libor.

The Treasury Department has recently solicited input on how to improve marketplace lending. Here are four ways to help improve access to credit.