The Latest

Community Shores Bank Corp. in Muskegon, Mich., has raised about $5.3 million and has been released from an enforcement action.

Grant Bancshares in Natchitoches, La., has acquired Bank of Ringgold in Louisiana.

Four Oaks Fincorp in Four Oaks, N.C., has appointed Lisa Herring chief operating officer of the company and Four Oaks Bank & Trust.

The huge growth of online banking, including mobile, has transformed the industry, bringing tremendous choice, flexibility and convenience to consumers and businesses. But online banking can also be a source of fraud. Watch this video and learn the real risks of web fraud to financial institutions and ways to prevent it.

Oak Valley Bancorp in Oakdale, Calif., has promoted Jeff Gall to chief financial officer. Gall had been the vice president of finance and accounting.

DFCU Financial, a $3.9-billion-asset credit union based in Dearborn, just outside of Detroit, announced it has returned half of its 2015 income – amounting to some $25-million – back to 100,000 of its members through its “Cash Back” annual loyalty reward program.

St. Mary's Bank Announces its "Crasher" and other CU professionals in the news.

The number of locally owned banks in Westchester County has shrunk from 25 institutions in the 1970s to just four today. PCSB, which moved its headquarters to the county after buying a local bank, hopes to settle in quickly.

Payment security services provider EchoSat has purchased SmartLink, a division of Heartland Payment Systems.

Bank regulators will stiffen their requirements and identity theft will escalate, but banks will toughen up their defenses.