The Latest

Webster Financial in Waterbury, Conn., has opened an Atlanta office to focus on asset-based lending in the southeastern U.S.

Citigroup will close its Boston branches to focus on areas where the lender has a bigger presence just months after describing the city as a key market.

Washington Federal in Seattle said its chief financial officer, Diane Kelleher, plans to step down at yearend.

Severn Bancorp in Annapolis, Md., has hired a former Susquehanna Bancshares executive as its chief lending officer.

In an effort to get a head start on the feeding frenzy, Malvern Federal Savings Bank in Paoli, Pa., will hold job fairs to gobble up employees laid off by BB&T in Pennsylvania.

Square has opened an office in St. Louis, which will serve the mobile point of sale company's clients in the Midwest.

A task force convened by the Federal Reserve has made substantial progress in its first few months, but the path to real-time payment in the U.S. is still littered with challenges.

Regulators have removed Keys Federal Credit Union in Florida from a conservatorship and returned control of the institution to its members.

The acquisition would be Alerus' first since it bought Private Bank Minnesota in Minneapolis in June 2014. The Beacon deal would boost Alerus' total assets in Minnesota to about $771 million.

GOP presidential contender Jeb Bush unveiled a plan to reform the regulatory process, including at agencies like the Consumer Financial Protection Bureau.