The Federal Reserve has reached a written agreement with Central Bancorp Inc. in Garland, Texas.

The Department of Housing and Urban Development's inspector general issued five reports about foreclosure-handling practices at five major U.S. banks: Wells Fargo, Bank of America, JPMorgan Chase, Citigroup and Ally Financial.

The window of opportunity to get away with questionable fees on reloadable prepaid cards may be narrowing.

First Republic Bank in San Francisco has opened a trust company in Delaware as it looks to gain a greater market share of affluent households.

Suffolk Bancorp in Riverhead, N.Y., has hired a New York banking veteran as chief lending officer and picked a chief credit officer.

John Walsh, the acting Comptroller of the Currency, told attendees they shouldn't expect surprises from the OCC's exam process. Martin Gruenberg, acting chairman of the FDIC, added that big banks should face the same market forces as smaller institutions, including the threat of failure.

Following an American Banker article casting doubt on the reliability of JPMorgan Chase's recordkeeping, the bank said Tuesday that an internal review had identified procedural issues related to collections but defended the overall integrity of its recordkeeping.

PayPal is reportedly planning to launch a mobile card reader that could help its nascent point of sale payment system reach small merchants.

SunTrust Banks Inc. plans to unveil remote-deposit capture technology by this fall, as part of its efforts to upgrade the systems its checking customers use, an executive told American Banker on Monday.

Great Western Bancorp. Inc. of Watertown, S.D., has agreed to buy North Central Bancshares Inc. in Fort Dodge, Iowa, for $41.5 million.

Industry veteran Luke Hayden, who took over as president of PHH Mortgage less than two years ago, resigned from the firm this week to pursue what the company calls "other interests." Also departing is company treasurer Mark Johnson.

TCF Financial Corp. will take a $293 million hit in the first quarter after it decided to restructure its balance sheet while it looks to expand its specialty finance operations.

With 55 hours to go before the delivery of the latest stress test results, U.S. Bancorp Chairman and CEO Richard K. Davis struck a mostly sanguine tone Tuesday morning in describing the review process and in assessing the industry's prospects for passing it.

BB&T said Tuesday that it would pay off holders of BankAtlantic's trust-preferred securities and take an interest in additional assets to rescue the stalled deal.

Robo-signed affidavits and sloppy legal work led the bank to halt court claims. The errors cast doubt on billions of dollars in judgments.

MERRITT ISLAND, Fla. – Kennedy Space Center FCU has partnered with University High School in Orange City to open a working branch of the credit union on the campus.

HSBC Holdings PLC is planning to sell or close retail operations in seven Asian countries that it has decided not to focus investment on, the Financial Times reported Monday citing the bank's chief executive in Asia Peter Wong.

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Bank of American Corp. and Ally Financial Inc. have agreed to make deeper principal reductions for some borrowers under the $25 billion multistate mortgage servicer settlement.