Park National Corp. in Newark, Ohio, said in a regulatory filing Monday that that it will revise its 2010 financial statement, reducing its net income by $12.4 million.

Wilbur Ross says in an email to American Banker that BankUnited tried to sell only after an unnamed investment bank told management it could fetch a "substantial premium above market."

A dearth of failed banks and an artificially low interest rate environment are causing headaches for many firms that now must face an uphill climb before cashing out.

While Citigroup Inc. struggles to get rid of its consumer lending unit, banks including Wells Fargo & Co. and SunTrust Banks Inc. are expanding their similar businesses.

Alex Pollock's "Let's Put Checks and Balances on CFPB" is spot on describing the enormous danger of a politically unchecked CFPB lording over consumer financial services, and what animates its champions. They believe the financial services industry is rapacious and untrustworthy, a great many of their countrymen are not fully competent to make their own ("the right") choices selecting consumer financial products, and unconstrained regulatory mandarins produce better outcomes than lightly regulated markets.

The Southeastern Pennsylvania Transportation Authority is working with a unit of Xerox Corp. to add contactless payment acceptance at public-transit turnstiles.

NBT Bancorp Inc. in Norwich, N.Y., said late Monday that its fourth-quarter earnings fell 5% from a year earlier as lower interest yields squeezed its net interest margin.

The company, which staged a legal fight against the Durbin Amendment last year, took sizeable hits to interchange revenue in the fourth quarter.

A poster boy for the digital currency now says credit cards are “way simpler.” His fictional counterpart in the "Bitcoin for Dummies" episode of "The Good Wife" is similarly disillusioned.

The dollar volume of online fraud is going up, but actual incidents of fraud are decreasing, according to a report released Tuesday by CyberSource, a unit of Visa.

Pacific Premier Bancorp Inc. in Costa Mesa, Calif., on Tuesday reported that its fourth-quarter earnings rose 63% from a year earlier, to $2.6 million, largely due to the purchase of a failed bank.

FirstMerit Corp. in Akron, Ohio, reported Tuesday that its fourth-quarter earnings rose 13% from a year earlier, to $30.5 million, largely due to lower credit costs.

Synovus Financial Corp. swung to a profit in the fourth quarter after sharply reduced funds held for risky loans helped the regional lender report its second straight quarter in the black.

Regions Financial Corp. swung to a fourth-quarter loss, with the regional lender booking a hefty write-down following a long-planned deal to sell its brokerage unit.

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Redwood Trust is starting to feel like the Maytag repairman of the jumbo mortgage-backed securities market.

KINGSPORT, Tenn. – Eastman CU plans to open a new branch location in the Fresh Market shopping center in Johnson City.

HAUPPAUGE, N.Y. – Teachers FCU, Long Island’s biggest credit union, opened its new headquarters and branch to the public last week.

RENTON, Wash. – Alaska USA FCU announced it is opening its first branches in Olympia and Port Orchard, giving the $4.7-billion Anchorage, Alaska-based credit union 19 branches in Washington.

BIRMINGHAM, Ala. – Secure First CU lost at least half its roof and at least one other credit union was temporarily without power here yesterday after severe storms that killed at least two people and injured more than 100 moved across central Alabama, Mississippi and Tennessee early Monday morning. One credit union employee also lost their home.