First Commonwealth Financial Corp. in Indiana, Pa., said Monday that its president and chief executive is retiring.

Casio plans to make available in February a handheld payment terminal designed for public employees who need to take card payments and provide printed receipts.

Online banking provider PerkStreet says business is booming thanks to consumer frustration over new checking fees at big banks.

The Credit Union National Association says membership for credit unions grew by only a third of what it originally claimed for the weeks before Bank Transfer Day.

As contactless card issuance grows, a provider of anti-fraud sleeves, which block the cards from being read, says demand for its product is resurging.

Sterling Bank in Washington and the FDIC are both pursuing claims against directors and officers of Bank of Clark County, which failed in 2009. Sterling was the first to file, but lawyers believe the FDIC will likely get its tab paid first, if legal fees don't end up taking it all.

Bankrupt American Airlines may be forced to follow other airlines and dilute the attractiveness of the frequent-flier rewards points its partner, Citigroup Inc., offers to its most valued credit card customers.

First Midwest Bancorp Inc. in Itasca, Ill., First Financial Bancorp in Cincinnati and MidSouth Bancorp Inc. in Lafayette, La., have finalized separate acquisitions.

The online loan facilitator Weemba Inc. has added three more lenders to its base of financial institutions.

PhoneFactor has added an iPhone application to its suite of out-of-band security products.

The prepaid card marketer Green Dot Corp. announced Monday that it has hired a Visa Inc. veteran, John MacIlwaine, to be its new chief information officer.

The average U.S. consumer credit card chargeoff rate declined again in October as more consumers met their monthly payment due dates and the delinquency rate on late payments held steady, according to the latest data from Moody's Investors Service.

A few weeks ago, I wrote a column describing the financial preferences and behaviors of underserved consumers by painting a picture of an archetypal consumer named Sue. Taking stock of the true needs of the underserved helps explain why traditional bank products and practices often miss the mark.

The Arkansas Bankers Association announced Friday that President and Chief Executive Kenneth D. Hammonds will retire at the end of this year and will be replaced by the trade group's chief operating officer, William R. Holmes.

Royal Bancshares of Pennsylvania Inc. in Narberth, Pa., said Friday in a regulatory filing that it was once again in compliance with the Nasdaq's listing requirement for minimum bid prices.

Many big banks in debt-plagued Europe need to slim down and raise capital. As a result, experts say they expect more opportunities for U.S. banks to beef up as overseas conglomerates unload unwanted assets.

First National Community Bancorp Inc. in Dunmore, Pa., said Friday that it had restated financial results for 2009 and two quarters in 2010 after an internal audit uncovered inaccuracies in its accounting for loans losses.

In need of new capital, First Cherokee State Bank is looking to differentiate itself by opening a casual coffee house stocked with wealth advisors.

The war over interchange between merchants and the payments industry continues. That's not surprising with tens of billions of dollars being allocated by Washington rather than the market in question.

NCUA has cleared the acquisition by United FCU of Griffith Savings Bank, the first purchase of a bank by a federally chartered credit union, and the deal now awaits approval by the FDIC.