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Regionals Push to Change $50B Asset Rule; Anti-CFPB Ad Backers for Arbitration

Parkway Bancorp in Harwood Heights, Ill., no longer plans to buy Park Bancorp in Chicago.

A point-of-sale malware that steals payment card data has resurfaced after a few years with a diabolical twist — it cleans up its crime scene, making it difficult for businesses to realize their networks are infected.

The October 2015 “liability shift” date has come and gone. For years leading up to it finance and payments pundits (and eventually the general population) discussed the impact of this date to force merchants to migrate to EMV-enabled credit cards, from the decades old magnetic stripe standard.

Presidential contender Hillary Clinton was put on the defensive about her donations from large financial institutions in the second debate Saturday of candidates seeking the Democratic nomination.

Heartland BancCorp in Gahanna, Ohio, has raised $5.4 million in a private placement.

While government officials acknowledge that so-called derisking, in which banks sever ties with businesses considered high risk, is a growing problem, it's increasingly clear they believe it's mostly up to the banks to solve it.

Calvin B. Taylor Bankshares in Berlin, Md., has named professionals from the hospitality and accounting industries to its board.

WSFS Financial in Wilmington, Del., has hired Kevin Thompson as chief financial officer. He succeeds Steve Fowl, who in the first quarter became CFO of Seacoast Banking in Stuart, Fla.

BankUnited expects to receive about $393 million in proceeds from the offering. It plans to use the proceeds for general corporate purposes, including investments in and advances to its bank subsidiary.