JPMorgan Chase (JPM) Chief Executive Jamie Dimon has left the board of the Federal Reserve Bank of New York, more than six months after lawmakers called for his resignation because of JPMorgan's multibillion-dollar trading scandal.

CORNING, N.Y. – Corning CU has purchased the former Tower Bank branch in Chambersburg and will convert it into one of its own service facilities.

Bank of America (BAC) is said to be eyeing more sales of mortgage servicing rights following its announcement Monday that it is selling $300 billion of servicing rights to two separate buyers.

The common enemy of electronic payments is cash, and so any technology that makes it more convenient and more rewarding to use a credit or debit account is good for business.

The Minnesota bank raises hackles at the state's flagship university after it notified students that transactions with their native country may violate bank-secrecy laws.

The government agency has waived a compliance requirement for smaller community banks, removing a costly barrier of entry for hundreds of institutions.

United Community Bancorp (UCBA) in Lawrenceburg, Ind., has completed the stock offering for its second-step conversion.

The country's biggest originator of home loans is gearing up for a big push in the Tempe and Phoenix areas.

The $2.5 billion-asset bank, which already makes home loans in Minnesota, said Tuesday that it is bulking up in the state by acquiring The Business Bank in Minneapolis and its mortgage subsidiary, Prime Mortgage.

Rep. Greg Walden (R-Ore.) on Monday announced plans to introduce legislation to take away the Treasury Department's ability to mint money to pay the federal government's bills.

Community banks participating in a government program upped their lending to small businesses by $7.4 billion over baseline levels during the third quarter, according to a report released Tuesday by the Treasury Department.

First Niagara Financial Group in Buffalo has snagged a veteran banker from Citizens Financial Group.

Shelter Insurance joins the growing list of insurers that are unwinding their banks amid mounting costs related to Dodd-Frank.

The Federal Reserve Board has terminated an enforcement action against Farmers State Bank in Victor, Mont.

Issuers exempt from the interchange fee cap should continue to promote activation and use of their debit cards by way of issuer-sponsored and merchant-funded rewards.

JPMorgan Chase chairman Jes Staley is joining the hedge fund BlueMountain Capital as a managing partner. He will be responsible for developing client relationships and will help direct the firm's strategy.

Consolidation among bank dealmakers continues as Houlihan Lokey acquires Milestone Advisors. The combined firm has 28 bank M&A advisors and will try to hire more amid upheaval in investment banking.

The Charlotte bank says Monday's settlement is a significant step toward resolving its crisis-era woes, but other legal risks — particularly in connection with private-label mortgages — remain.

Union Bank will close 15 branches in central and southern California, including some locations recently acquired from Pacific Capital Bancorp.

A "simplified" foreclosure review settlement is in borrowers' best interests, even though details remain sketchy, officials from the Office of the Comptroller of the Currency argued Monday.