The Bank of Birmingham in Michigan has joined an increasing group of bankers delving into equipment financing, saying it will offer financing on "most equipment types" such as manufacturing and transportation.

Naugatuck Valley Financial (NVSL) in Connecticut is expecting to record its third consecutive quarterly loss after writing down roughly $5.3 million on five loans during the current quarter.

BB&T Insurance Services in Raleigh, N.C., has added supplemental unemployment insurance to its online product offerings.

Peter Humphrey is immediately retiring from the bank its holding company to spend more time with family and pursue other interests.

A breakdown of M&A announcements in the financial services industry for the week ended August 25.

Issuers should develop strategies to make their account the primary one in a consumer's existing wallet and on new payment tools offered by companies like PayPal or Square.

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BB&T (BBT) will close 21 branches as it works to ingrate the recently acquired BankAtlantic into its operations.

S&T Bank in Indiana, Pa., has expanded its commercial loan business into northeast Ohio by opening an office in Akron.

The Paramus, N.J., thrift decided to sell itself to M&T for a relatively low price rather than keep trying to overcome its reliance on low interest rates. That was bad news for the countless small banks attempting similar reboots.

The Office of the Comptroller of the Currency has issued an enforcement order against Citizens First National Bank that requires the Princeton, Ill., bank to become adequately capitalized or sell itself.

Most of the program's participants are increasing business loans, though some are having to reduce lending rates to book the best loans.

Existing customers are generally praising Square's new flat monthly fee for processing card transactions, but Square's challenge will be winning over business owners who are on the fence about its services.

The regulatory risk from Basel III, Dodd-Frank and other pressures will keep banks from growing, and the economy can't grow, if banks don't.

The consumer agency announced a series of changes in the wake of a key defection.

Jacksonville Bancorp (JAXB) plans to raise up to $50 million by selling securities to a group of investors led by the Florida company's biggest shareholder.

Offer each retail customer the best terms for which he qualifies—and not just for mortgages. Don't count on a second chance to bargain or risk the legal and reputational consequences of offering less than your best.

Independent Bank in Rockland, Mass., has filed a shelf registration to raise up to $125 million.

Tight budgets and industry upheaval have bankers and their lobbyists planning to keep low profiles in Tampa and Charlotte.