The new director, James McDonough, once served as the CEO for Abington Bancorp, a Boston-area company that was sold in 2004.

Personal financial management software must deliver real value to banks, not just consumers. Just saying PFM increases customer loyalty doesn't cut it. The value proposition has to be more attractive given the revenue pressures banks face today.

Editor's Note, July 25, 2012: This and other BankThink opinion columns written by Joel Sucher bearing this note, published between October 2011 and June 2012, mentioned the law firm of Stephen J. Baum, Litton Loan Servicing, or both. The columns should have disclosed that Baum’s firm, working on behalf of Litton, had attempted to foreclose on the writer’s property in 2009. American Banker's editors were unaware of this history at the time the columns were published.

Shareholders voted in Regions Financial's favor on say on pay and other matters, but some investors pressed for more cost cuts at the Alabama bank like jettisoning the corporate jet.

PORTLAND, Ore. – OnPoint Community CU is opening a new branch inside a Safeway supermarket in Rose City on May 30.

Avoid the bluster and the defensiveness, and focus on communication and steps to improve the bank, veterans of activist investor fights like John Palmer of PL Capital advise.

Porter Bancorp's shareholders have granted the struggling company more flexibility to raise capital to meet the demands of regulators.

Shareholders also recommended that the CEO and chairman jobs, now held by Beth Mooney, be split.

Capitol City Bank, a minority-owned bank in Atlanta that is under orders from its regulators to add fresh capital, is getting a shot in the arm from SunTrust Banks (STI).

About half the consumers using U.S. Bancorp's prepaid card already have a relationship with the bank, according to a prepaid executive there.

U.S. Bancorp is raising some of its overdraft fees to $35 per transaction, in the latest example of banks changing the ways that they charge checking account customers.

United Community Banks in Blairsville, Ga., received a subpoena and a notice of formal investigation from the Securities and Exchange Commission related to its deferred tax asset valuation allowances and goodwill impairment charges taken in 2009 and 2010.

Wells Fargo has launched a collaborative online community for college planning aimed at students, parents, guidance counselors and financial advisors.

The Center for Discovery provides care for disabled and autistic children, including Ellen Alemany's daughter. This week it honored the Citizens CEO and fifth most powerful woman in banking.

Prosperity Banchares’ deal to buy East Texas Financial Services is on hold after another bank holding company that owns a stake in the $212 million-asset East Texas filed a lawsuit to block the sale.

Every year, despite the risks and high costs, millions of Americans turn to payday loans for emergency funds. To date, a top-down, regulatory approach has been the primary means of addressing the downsides of the payday lending industry. To improve protection of consumers and encourage this industry to mature, such regulation should be joined by efforts that encourage market transparency.

The U.S. mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market helped more borrowers pay their bills and tighter lending standards resulted in fewer defaults, according to a report Wednesday from the Mortgage Bankers Association (MBA).

MetroCorp Bancshares Inc.'s (MCBI) public offering of 4.45 million common shares priced at a 7.4% discount to Wednesday's close.

HSBC Holdings PLC said Thursday that it was on track to hit its 2013 profitability goals as the bank completes the first leg of its three-year quest to cut costs and boost revenues.

ALEXANDRIA, Va. – CommonWealth One FCU announced the installation of a new ATM at Costco Wholesale in Harrisonburg, Va.