McWhinney, the head of Citigroup's enterprise payments division, is leaving the bank at the end of January to serve as an independent director for a Fortune 250 company, which she did not name. She said she hopes her move will encourage more women to serve on the boards of public companies.

Victory Bancorp in Limerick, Pa., and Huntingdon Valley in Warminster have agreed to a merger of equals.

Malvern Bancorp (MLVF) in Paoli, Pa., took an $18.8 million loss in the quarter that ended Sept. 30 after selling a batch of bad loans for a loss.

Colorado regulators resolved a case in which more than 600 state residents were financially harmed by a Texas-based debt settlement company operating illegally in Colorado.

If the banks do not want to divest from these fringe consumer finance companies, the OCC should make them do so. Their reputations are at risk.

The community bank says it's winning over government contractors and law and accounting firms with technology that's a step ahead of peers.

Maryland Attorney General Douglas F. Gansler is alerting residents of the state about scammers trying steal bank account numbers and other personal identifying information.

Hanmi Financial (HAFC) in Los Angeles has agreed to buy Central Bancorp in Garland, Texas.

Many companies are already looking past the mobile phone to find the next high-tech payment device. A few companies are also equipping fashion items with Near Field Communication chips and other technology that can be repurposed by the payments industry.

The Office of the Comptroller of the Currency on Friday closed Texas Community Bank, a $160 million-asset institution located north of Houston.

IMGCAP(1)]

The U.S. Supreme Court agreed to use a case involving Fifth Third Bancorp (FITB) to decide how easy it will be for workers to sue when their retirement plans lose money because of a drop in the employer's stock price.

U.S. District Judge John Gleeson wrote that the settlement will have a positive effect on competition. He also criticized the tactics of retailers who tried to torpedo the deal.

Bitcoin enthusiasts are expressing confusion and surprise after Casascius Coin, which encodes a digital bitcoins onto physical coins, halted operations after receiving notification from the Financial Crimes Enforcement Network that it is subject to the department's oversight.

ATM owners and operators will watch closely and provide support from the sidelines as the new Debit Network Alliance seeks to resolve the industry's nagging EMV debit routing issue at the retail point of sale.

A group of employees at Black Diamond Capital Management are looking to buy Pacific National Bank.

A recent survey found that a significant number of customer problems take multiple interactions to resolve or are left unaddressed. Improvement in this area is critical as banks try to keep customers.

Codorus Valley Bancorp (CVLY) in York, Pa., has appointed Benjamin Riggs to become its general counsel and secretary.

Roughly a third of Fifth Third Bancorp's (FITB) branches are suited for self-service — and a portion of them will go that route in 2014, according to the Cincinnati company's chief financial officer, Tayfun Tuzun.

Lower credit losses and higher premium revenues pushed the Federal Housing Administration’s mortgage insurance fund closer to positive territory and the agency says it is on pace to reach its statutory capital requirement two years ahead of schedule.