The $3 billion-asset company said in a press release Wednesday that Scott Skorobohaty will be responsible for all commercial banking operations, which include serving small and midsize businesses, professional services firms and nonprofits.

Newegg's recent acceptance of Bitcoin is just the latest of the online electronics retailer's many digital payment options. Its tech-savvy audience demands digital currency and digital wallets, and accommodating these needs is critical to Newegg's expansion into new markets.

Carver Bancorp (CARV) in New York will revise its fiscal year 2014 and fiscal fourth quarter results to reflect higher expenses related to its pension plan and its accounting for leases.

Frank Sorrentino will attempt to integrate the systems at Center Bancorp a mere three weeks after the company merged with ConnectOne. The key is tremendous up-front planning — and having a crisis team at the ready, he says.

Greenlight Financial, a unit of Nationstar, will pay $48,000 to settle claim it denied or delayed mortgage loans to applicants on maternity leave.

Bank regulators on Wednesday released updated metrics used to evaluate compliance with interstate banking laws.

City National Bank (CYN) in Los Angeles opened an office in Daytona Beach, Fla., that will target clients in the entertainment, sports and motorsports industries.

Idaho's Payday Loan Act, designed to dictate how much payday lenders can give borrowers, went into effect Tuesday.

Venture capitalist Tim Draper has been identified as the single winning bidder for a cache of bitcoins at a U.S. government auction, part of a larger pool of the virtual currency seized from the Silk Road website.

QCR Holdings (QCRH) in Moline, Ill., has exited the Small Business Lending Fund.

T-Mobile USA Inc. was charged Tuesday with making hundreds of millions of dollars by placing charges on phone bills for purported "premium" subscriptions that, in many cases, were bogus charges and never authorized by customers.

United Bancshares (UBOH) in Columbus Grove, Ohio, has agreed to buy Ohio State Bank in Marion.

The Fed also hit Taylor with a cease-and-desist order and a $3.5 million civil money penalty for its ties to an financial aid firm. Still, industry observers were impressed that deal is still on track.

FMB Bancshares in Georgia has become the second banking company to get pulled into involuntary bankruptcy after defaulting on trust-preferred dividends. Meanwhile, BNY Mellon is taking steps that could make it easier for more investors to force banks into bankruptcy.

Univest Corporation of Pennsylvania (UVSP) in Soudertown has purchased Sterner Insurance Associates in Coopersburg, Pa.

Lenders hope to earn bigger profits by originating loans that fall outside the qualified mortgage guidelines, for which they can charge borrowers significantly higher interest rates. But legal risks remain.

Regulators have ordered Community 1st Bank Las Vegas in New Mexico to appoint a new chief executive and clean up its loan portfolio.

Lengthening loan terms are cause for concern because they open lenders up to potentially larger losses if loans sour. But low delinquency rates on car loans suggest that such fears may be exaggerated.

Online electronics retailer Newegg has begun accepting Bitcoin in response to demand from its customer base.

A U.S. district court has halted a Georgia-based operation from using threats and lies to collect $3.5 million in phantom payday loan "debts" that consumers didn’t owe.