Location Root Tag

Ohio Legacy in North Canton viewed FirstMerit’s sale to Huntington as a motivator find a buyer of its own. It turned to United Community, an institution it had talked to on two other occasions.

IBM Southeast Employee Credit Union in Delray Beach, Fla., has reportedly filed an application to buy Mackinac Savings Bank in Boynton Beach, Fla.

Two Midwest community banks plan to close a total of 11 branches and record charges to pay for the shutdowns.

Citizens Building and Loan in Greer, S.C., will have a new president and chief executive next year.

Recent deals highlight the rush by Europe’s time-honored insurers to get in on the technology that’s changing financial services on Wall Street.

Capital One Financial in McLean, Va., is splitting up the management of its cards business.

James Cope, a former Pinnacle Financial Partners director who pleaded guilty to insider trading in October, was supposed to pay a $55,000 fine as part of a plea deal. But the judge hearing the case contends he should pay more.

The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws.

The longtime CEO of Oconee Federal Financial in Seneca, S.C., is handing the reins to his son. Curtis T. Evatt, Oconee's president and chief financial officer, will succeed T. Rhett Evatt as CEO of the $484 million-asset holding company and Oconee Federal Savings and Loan Association on Jan. 1.

Former BB&T Chief Executive John Allison is a late entrant on a short-list for the job of U.S. Treasury secretary, according to two people familiar with President-elect Donald Trump's selection process.

Rebellious retailers are fighting to halt the reverse creep of Black Friday into Thanksgiving Day.

India’s war on cash has at least two likely victors: Visa Inc. and Mastercard Inc.

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

Old Dominion National Bank has opened a new office in the northern Virginia suburbs of Washington and has hired five bankers to work there.

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

Sun Bancorp in Mount Laurel, N.J., the $2.1 billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec. 31.

ACNB Corp. in Gettysburg, Pa., is planning to enter Maryland with its agreement to buy New Windsor Bancorp in Taneytown, Md.

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime residential mortgage-backed securities in 2006 and 2007.

India's move to remove much of the country's cash notes is having an adverse impact on much of the country's population, according to former U.S. Treasury Secretary Lawrence Summers.

As more Chinese citizens travel abroad, payment companies are lining up new products and collaborating with third parties to reach the growing market.