Wilshire Bancorp in Los Angeles said Monday that it had hired Jung Hak Son as its chief marketing officer, a position he took over in 2009.

DECA Financial Services LLC, a nationally licensed collection agency, has announced the signing of a marketing agreement with Healthpac Computer Systems Inc., based in Savannah, Ga.

DETROIT — NCUA said this afternoon the Michigan Department of Insurance and Financial Services liquidated Craftsman CU and appointed the federal credit union agency as liquidating agent for the one-time $44 million auto workers credit union, the year's 12th failure.

A bankruptcy judge's decision to lower breakup fees in the auction of Metropolitan National gives Simmons First and others a chance at unseating stalking horse Ford Financial. The results could encourage more interest in bidding for bank units of bankrupt holding companies.

The Alabama company is staging a nice comeback from the financial crisis, though concerns still exist over litigation tied to a brokerage unit it sold last year.

Officials in Jefferson County, Illinois have worked out an agreement with collection agency Pioneer Credit Recovery for the firm to begin collection unpaid fines and fees for felonies, misdemeanors and DUIs.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

IBM announced Tuesday that it has acquired Trusteer, an Israeli company that provides organizations with counter-fraud and cybersecurity software.

Iberiabank Corp. (IBKC) in Layfayette, La., has agreed to buy Synovus Financial (SNV) operations in Memphis.

F.N.B. Corp. (FNB) in Pittsburgh has launched the first fund from its new small-business investment company.

Standard Financial (STND) in Monroeville, Pa., plans to delist from the Nasdaq and cease reporting with the Securities and Exchange Commission.

Recent acquisitions by MB Financial and PacWest illustrate how deals can add value. M&A is returning as a valid alternative for implementing strategy that will reshape the industry.

Arvest Bank of Fayetteville, Ark., has bought the naming rights to a historic theater in downtown Kansas City four years after entering the market.

City Holding (CHCO) in Charleston, W.Va., said it will close a branch in Virginia Beach after determining that the location had an undesirable deposit mix.

The decision by private-equity backers of Sterling Financial to push for a sale of the entire Spokane company, rather than to merely unload their shares, surprised investors. It also showed that investor exits are a complex business which often defy expectations.

Failures, mergers and charter consolidations have all played a role in the latest decline, but what's really driving down the numbers is the lack of de novos.

Banks can do business with Internet-based lenders that don’t violate the law, the nation’s primary payment system said in a letter that followed warnings from regulators about the online firms’ practices.

Paul Aguggia is resigning from a large law firm to take the helm at Clifton Savings Bancorp in New Jersey, joining the company in advance of an anticipated second-step conversion.

Alex Alden, formerly of UBS, has joined brokerage firm Sterne Agee to expand the financial technology practice of its investment bank.

Old National Bancorp (ONB) in Evansville, Ind., has agreed to sell two branches in Indiana: one to MainSource Financial, and one to River Valley Bancorp.