Ailing Orrstown Bank in Shippensburg, Pa., has named a former chief lobbyist at the American Bankers Association to its board of directors.

Community banks will be around a long time if they focus on small business borrowers, pursue customers alienated by bigger banks and don’t get greedy, panelists on an American Banker roundtable said.

HARRISBURG, Penn. — A federal court here dismissed a suit last week alleging Pennsylvania State Employees CU violated provisions of the Electronic Funds Transfer Act after the credit union produced evidence suggesting that someone had removed the legally required notice affixed to the ATM disclosing the fees to be charged to non-member users of the cash machine.

Saxon Mortgage, a servicing firm owned by Morgan Stanley (MS), is shuttering two of its Texas processing facilities and laying off roughly 680 of its workers.

"Is my bank worth that much?" That is the urgent question potential sellers are asking in the Lone Star State, after two pricey deals there — for Encore Bancshares and American State Financial — the past two months.

TD is investing in a massive brick-and-mortar expansion even as its U.S. competitors increasingly question the future of the traditional storefront.

Peapack-Gladstone Financial (PGC) of Bedminster, N.J., has paid $110,000 to repurchase the warrant it issued to the Treasury Department as part of the Troubled Asset Relief Program.

Delinquency rates in the fourth quarter of 2011 fell across all loan categories the trade group monitors, including credit cards, auto and home loans, the American Bankers Association reported on Thursday.

Homeland Community Bank in McMinnville, Tenn., has missed its deadline for filing its 2011 annual report because regulators have questioned its allowance and provision for loan losses.

An alternative to near-field communication, Bump Pay lets people pay each other by tapping their phones together. The idea has lots of competition, but is drawing mixed reviews when it comes to a use case.

InComm, following a similar move by American Express, plans to stop selling gift cards in retail stores in New Jersey.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

Washington Federal of Seattle is bulking up in Oregon with an agreement to buy South Valley Bancorp of Klamath Falls for up to $72.7 million in cash and stock.

Western Capital in Boise, Idaho, is expanding into neighboring Oregon with a deal to acquire the $104 million-asset Northwest Bank in Lake Oswego.

BillMyParents made a strong course correction when it chose to abandon its inventive online parent-billing payment system for a more conventional product: plastic cards.

PayPal has recast its offerings for small merchants, a move it says builds on its recent launch of the PayPal Here portable card reader.

The Durbin amendment did not so much make the economics of low value payments unsustainable as reveal the fundamental truth that they were unsustainable to begin with.

MANSFIELD, Texas – Texas Trust CU has opened a new branch in Grand Prairie and is planning to open another one in Mansfield.

Nancy and Ray are day-trippers, but their usual destination is not a historical or cultural attraction. Instead, they scour the highways and byways looking for ATMs lacking proper fee-notice signs. When they find one, they make a cash withdrawal, take a picture, and file a class-action lawsuit. And they are not alone.