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Apple Pay is seeing a surge in U.S. bank support, with the number of participating banks rising past 900 with the recent addition of 60 regional and community banks, bringing it closer to full coverage in its home market. But Apple isn't having the same luck everywhere else.

With technology in this arena advancing at light speed and disruptors joining the field at every turn, credit unions will have to be at the top of their games if they are to successfully compete in 2016.

M&A momentum is building, even among larger banks that have been sidelined for years.

Credit unions will be fighting a compressed legislative schedule and heightened focus on the 2016 elections, but the effort to move regulatory relief and other key provisions in Congress this year is expected to continue in earnest.

Merchants Bancshares in South Burlington, Vt., has named an interim principal financial officer after its chief financial officer resigned.

Live Oak Bancshares in Wilmington, N.C., one of the largest 7(a) program lenders in the U.S. last year, has promoted Greg Thompson to chief operating officer.

Associated Banc-Corp in Green Bay, Wis., will increase its fourth-quarter allowance for loan losses by $13 million to compensate for potential late payments or defaults on loans in its energy portfolio.

Patriot National Bancorp in Stamford, Conn., said that its chief financial officer resigned this week and that it has hired a former Connecticut community bank executive to replace her.

A compilation of our favorite stories of 2015, as selected by the people who assigned and edited them.

A three-year legal battle between FIS and Fiserv that was recently resolved highlights the importance of intellectual property rights as the financial services industry is increasingly growing reliant on technology.