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The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.

Ron Baron had been serving as interim president and CEO for the Delaware-based institution before being given the job permanently.

The U.K.’s Equals Group’s FairFX currency unit has purchased Hermex FX, another U.K. firm serving corporate customers with currency exchange and payment services.

The New Jersey company was reportedly shopping itself around last fall. Fresh off an agreement to buy Gold Coast Bancorp in New York, CEO Kevin Cummings says he is ready to explore other acquisitions.

Square has launched Square Terminal in Canada in an effort to lure merchants that use myriad iPads, tablets and smartphones to receive payments in stores and remotely.

Ancora Advisors also suggested that the company get rid of its current management team.

Sen. Susan Collins stopped by the Maine Credit Union League while other institutions supported local teachers and charities.

The bank will buy First State Bank of Mobeetie.

The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding.

The company will pay $13 million for the parent of Western Bank of Wolf Point.

There are opportunities to make loans for strip malls and regional distribution centers but executives need to put the right risk management in place.

Palmer Proctor, who took over at Ameris after it bought Fidelity Southern, where he was also CEO, says more deals would be a "distraction."

The South Dakota company discovered "inappropriate user access" to applications at Crestmark Bancorp, which it bought last year.

Institutions haven't modernized benefits packages to include deferred compensation, and now the threat of a recession is affecting CEO salaries.

Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort.

The Los Angeles unit of Royal Bank of Canada plans to use FilmTrack to handle more complex transactions for major networks, studios and distributors.

Klarna raised another $460 million in fresh equity funding, pushing the Swedish company’s valuation to about $5.5 billion.

Mastercard Inc. agreed to buy a payments platform owned by Denmark-based Nets for 2.85 billion euros ($3.19 billion), using its biggest-ever acquisition to help extend a push into faster payments.

Credit unions not actively thinking about mergers are at risk of missing out, an industry expert warned at a recent conference.

The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.