A group of bankers have banded together to buy First National Bank of Chillicothe in Texas and will use it to open a branch just outside of Dallas.

Big bank deals will worsen systemic risks and unfair competition, said the ICBA, which called for a moratorium while new regulations are in the works. Capital One argued the deal would create a safer company.

The Massachusetts Democrat said housing advocates' fight against a key reform of Dodd-Frank would hurt the low-income borrowers they are trying to help.

Smaller banks have systems work to do, and a company called WebEquity is trying to fill in the niche. Upgrading to a unified system helps prevent inadvertent discrimination and stop making lending decisions based on excel spreadsheets.

Calvin B. Taylor Bankshares Inc. in Berlin, Md., disclosed that its board has reinstated a stock repurchase program that had been dormant for nearly two years.

A group representing community banks Tuesday urged federal regulators to impose a moratorium on all acquisitions and mergers involving large financial firms--including Capital One Financial Corp.'s pending plan to buy ING Direct USA.

Bank of America is pushing some of its brokerage clients who want to keep their debit rewards to switch to credit cards following U.S. caps on debit card transaction fees.

Dodd-Frank failed to cure key structural shortcomings of mortgage servicing that are still harming consumers, says Raj Date, the interim leader of the Consumer Financial Protection Bureau.

At a community banking panel at this year's American Banker Regulatory Symposium, the consensus held that regulation can't be a one-size-fits-all practice.

Capital One Financial Corp. Tuesday will announce plans to invest $180 billion over 10 years in low and moderate-income communities if its deal to acquire online banking business ING Direct USA goes through as planned, part of an effort to ease community groups' opposition to the deal.

The Federal Reserve is holding public hearings in three cities across the country to review Capital One's proposed purchase of ING Direct. The hearings to be held in San Francisco are half a continent away from the nearest branches of what may become America's fifth largest bank. Without branches, the bank's responsibility to California cities and counties is not clear under regulators' current interpretation of the federal Community Reinvestment Act.

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First Republic Bank this week named 19-year industry veteran Gregg Palmer as managing director and wealth advisor for its San Diego office.

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Search giant now has both major card associations on board with its mobile payment application, as well as First Data and Citi.

First Bancshares Inc. in Hattiesburg, Miss., said Monday that it had expanded along the Gulf Coast after buying eight branches that had belonged to Whitney National Bank.

Google Inc. may launch its much-hyped Google Wallet as early as this week, according to a number of reports.

OCC head tells American Banker regulatory symposium that banks could face restitution after complaint reviews. Gruenberg, meanwhile, announces FDIC community-bank initiatives.

As the FDIC files more lawsuits against former directors of failed banks, a common theme has emerged from the defendants’ legal arguments: the FDIC is to blame for the failures. Industry observers are divided as to whether the defense will hold water in court.

Major U.S. banks plan to launch a common website, toll-free phone number and advertising campaign in the coming weeks to solicit complaints from consumers harmed by problems in foreclosure processing, a top regulator said Monday.