CO-OP Financial Services is upgrading its Sprig digital wallet to allow broader person-to-person payments, and is also adding mobile credit and debit card control and alert features.

TCF Financial (TCB) in Wayzata, Minn., has hired a former executive from State Farm Bank to become its chief credit officer.

The $890 million-asset company exceeded its goal of raising $15 million after it received investments from local shareholders in addition to institutional investors, according to a press release Wednesday.

The $339 million-asset bank said in a press release Wednesday that it chose the new name to distinguish itself from other businesses that also use the word "Columbia."

General Motors is planning to sell a 9.9 percent stake in Ally Financial Inc., the auto lender majority owned by U.S. taxpayers, according to a person with knowledge of the transaction.

National student loan debt is on the rise, but the size of college graduates' debt loads varies greatly by state and geographical region, according to a new report from The Institute for College Access & Success.

Banco Sabadell in Spain has agreed to buy JGB Bank in Miami.

Patriot Financial Partners, a Philadelphia PE firm that specializes in community banks, has agreed to buy more than 1.5 million shares of Banc of California for $13.25 each, a price 6% higher than the company's Tuesday closing price of $12.46 a share.

The National Fair Housing Alliance is accusing big banks of racial bias for neglecting homes they've foreclosed on in minority neighborhoods. Bankers deny the charges but are anxious to avoid a public fight with a nonprofit that's closely tied to the Department of Housing and Urban Development. American Banker staffers discuss.

The founding CEO of Bank of Bird-in-Hand was told by regulators that his group's "thorough" vetting would be the norm going forward.

The Treasury Department estimates that it made more than $13.1 million from the sale of warrants in Cathay General Bancorp (CATY).

Ignoring the effects of loan seller origination, sourcing, and servicing processes in a post-GSE secondary market could generate losses for taxpayers.

Equifax Inc. released a statement after delivering a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, outlining a free-market exchange alternative to the Credit Access and Inclusion Act.

Wells Fargo & Co., the largest bank on the U.S. West Coast, named Laurie Nordquist head of personal and small business insurance at its brokerage unit.

Overall U.S. foreclosure activity is down 23% year-to-date through October, but foreclosure activity on homes in the $5 million-plus value range is up 61% from the same time period in 2012, according to RealtyTrac.

Following tectonic shifts in the video rental industry, the very Blockbuster stores that were just yesterday a competitive advantage rather quickly became an albatross. That type of chain of events is one that bankers need to be especially on guard for.

They are inching closer to complying with the $25 billion national settlement but the latest report from monitor Joseph Smith has found that there is still a little more work to be done.

Coinplug, a startup Bitcoin merchant services and trading platform being developed for the Korean market, has received $400,000 in funding from Cupertino, Calif.-based Silverblue Inc.

There’s a reason most Americans still like their local banks, even if they detest the megabanks after the financial crisis.

Dan Benhase will retire next year as head of its wealth management, government and home lending group, the Columbus, Ohio, bank said in a press release Tuesday.