The Home Affordable Refinancing Program should not be judged by the total number of completed refis. The true measure of success of any mortgage relief program should be the percentage of high-risk borrowers who ultimately benefit.

The Memphis, Tenn., company has been quietly hiring business lenders in key cities in North Carolina and Virginia and would consider selective acquisitions, CEO Bryan Jordan says.

Banks are preparing their bids for City National Bank of Florida and are expected to make offers in the next few days, according to a published report.

With banks suffering a squeeze on consumer banking profits, the question for institutions large and small is whether emerging mobile and other services can ever make up for declining revenues elsewhere.

PNC Financial Services (PNC) plans to close 200 branches this year, or 6.5% of its domestic network, as part of a broad push to cut costs.

Westfield Financial has filed for regulatory approval to open a branch in Granby, Conn., which would be its first location outside of western Massachusetts.

American International Group is building a unit to buy individual home loans amid a rebound in the housing market.

The 15% of U.S. adults who are underbanked are too large a segment to ignore. But the classic answer — a debit card — is not enough, a Javelin researcher finds.

PALO ALTO, Calif. – Stanford FCU said this morning it is installing eight Diebold deposit automation-enabled Opteva ATMs at its four Stanford-campus branches and off-premise locations and incorporating the company’s Agilis Campaign Office solution to push targeted marketing content to its ATMs.

Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell about one-fifth of the company's outstanding stock.

Ocwen Financial has a new chief accounting officer: Catherine Dondzila.

Pacific Premier in Irvine, Calif., is buying San Diego Trust Bank for $30.6 million.

Finding ways to spotlight and promote our small business customers within our branches strengthens a customer’s bond with his bank like few things can.

ROCKY HILL, Conn. – Nutmeg State FCU has opened two more grocery store ATM locations inside Price Choppers in Southington and Bristol.

EUGENE, Ore. – Oregon Community CU has installed a touch-screen, drive-up ATM at its Springfield branch that does not require a deposit slip or envelope when making a deposit.

WASHINGTON — The Federal Reserve Board said Tuesday it would not adjust its cap on interchange fees, leaving it at 21-cents per transaction.

SunTrust Banks (STI) will close around 40 branches this quarter as it continues its efforts to rein in costs, its chief executive said Tuesday.

Private-equity firm Fortress Investment Group began to fulfill a long-range ambition when two of its affiliates – including Springleaf – agreed to pay HSBC $3.2 billion for a portfolio consumer loans.

The $1 billion-asset Pacific Mercantile said Tuesday that it would sell $2.2 million shares of common stock to private equity firm Carpenter Funds for roughly $14.8 million.