Premier Financial Bancorp Inc. in Huntington, W.Va., is planning to consolidate three of its four subsidiary banks as part of its ongoing effort to build scale, lower its compliance costs and improve its overall efficiency.

Huntington Bancshares hopes Daniel Storer's knowledge of banking, insurance and medicine will help it build a healthcare niche.

Amex plans to release an updated version of its digital wallet Serve that will include all of its prepaid products, as well as incorporate deals and loyalty rewards.

First Security Group, headed by Michael Kramer, has added three executives and a board member as it digs its way out from under a regulatory consent order.

A new report, released Wednesday, examined 382 foreclosures in California between January 2009 and October 2011 and found at least one irregularity in 99% of them.

Discover Financial Services, which is facing a government probe over its marketing of credit card insurance-like products, believes its relatively new practices will appease regulators, a top executive said on Thursday.

Large debt collection and credit reporting firms would face federal supervision for the first time under a Consumer Financial Protection Bureau proposal issued Thursday.

Fed Chairman Ben Bernanke and FDIC Chairman Marty Gruenberg said regulators are seeking to keep community banks vibrant.

Fannie Mae is considering Timothy Mayopoulos, the head of a banking industry trade group and its own general counsel, as possible replacements for departing Chief Executive Michael Williams, according to The Wall Street Journal.

Wells Fargo says its remittance transaction volume grew at a record pace of 27% in 2011 over the prior year, thanks in part to substantial growth on the East Coast where the bank has largely finalized conversions of former Wachovia branches.

First National Bank of the Gulf Coast has implemented a paperless system and other improvements as it looks for its first profitable quarter.

American Express in January reported a modest slowdown in growth in the fourth quarter, while MasterCard earlier this month said growth remained strong in the region.

The Center for Responsible Lending was one of 15 organizations on Thursday to receive a MacArthur Award for Creative and Effective Institutions.

Competition between Amex, Discover, MasterCard, PayPal and Visa is fierce and intensifying. What would Facebook's angle be if it aspired to build a broader payments business?

A two-year inquiry into tri-party repurchase agreements has not figured out how to fully eliminate systemic risk from this arcane market.

MANSFIELD, Texas – Texas Trust CU has joined Allpoint’s surcharge-free ATM network, offering members access to 43,000 ATMs.

VIRGINIA BEACH, Va. – NMW FCU will increase its full-service branches on Virginia’s Eastern Shore to three with the opening of two on the same day.

CapStar Bank has agreed to buy certain assets and liabilities from another Tennessee bank, making CapStar’s second acquisition in the past week.

An industry group's failure to expeditiously reform the workings of one of the repo market is forcing the Federal Reserve Bank of New York to adopt a stronger monitoring role in the sector.

Of the 575 official complaints against Capital One's plan to buy ING Direct, only one stuck: The credit card lender has been a serial screw-up when it comes to getting delinquent borrowers to pay up, the Fed found.