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The man who took 11 Alabama Credit Union employees hostage during an attempted robbery in January has reportedly told police he needed the money to pay for court costs in in a separate criminal case.

The deal is the latest coastal acquisition for United Community. For HCSB, the sale is the final chapter in a turnaround that began 13 months earlier.

The regulator also provided updates on investment performance, expenses, CAMEL codes and more.

Mariner Kemper, UMB's chief executive, said he struggled with the decision to sell Scout Investments to Raymond James. Selling made more sense than pumping more capital into the beleaguered business.

One of Australia’s largest banks, Westpac, is the first of the country’s biggest four banks to adopt Samsung Pay, expanding customers’ contactless mobile payment options.

The Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital.

Payments and liquidity management provider Dovetail wants to make sure banks in the euro zone have the systems in place to allow business customers to take advantage of new options for sending and receiving payments later this year.

Indianapolis-based CU has operated an insurance CUSO since 2004.

The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing.

The North Carolina company reported lower net income from a year earlier after extinguishing nearly $3 billion in Federal Home Loan bank advances. BB&T also reported more regulatory charges as it deals with a consent order.

The Mississippi company's first-quarter earnings rose 60% from a year earlier. Its results from last year were weighed down by a settlement with regulators.

The Ohio company said it is retaining more FirstMerit deposit accounts than it had projected. At the same time, Huntington is moving forward with cost-cutting tied to the acquisition.

Loan growth and increased fee income helped offset slightly higher expenses in the first quarter.

The On the Rise Financial Center will provide consumers with affordable financial products and financial literacy training.

Credit union will switch May 1, becoming the 20th Share One client in California.

Future Retail Ltd., India’s biggest department store chain that gained from the government’s surprise currency clampdown, still has room to extend the rally that’s more than doubled its market value this year.

Check imaging reduces the need to handle paper, reduces clearing time and paves the way for mobile deposit and remote capture. However, this new functionality also means financial institutions take on greater risk from electronic acceptance, images in the cloud, and significantly reduced float times.

Jack Ma’s Ant Financial Services Group has deep enough pockets to win the bidding war against Euronet Worldwide for MoneyGram, but money may not be the deciding factor in this deal.

Jefferson Harralson, the Georgia company's new chief financial officer, had covered banks at Keefe, Bruyette & Woods for 15 years.

Tangerine Bank, the digital lender owned by Bank of Nova Scotia, will start offering credit lines this year as it seeks to bolster flagging profit through expanded product offerings.