Location Root Tag

Bank of New York Mellon will pay a $30 million penalty to the U.S. Securities and Exchange Commission in a settlement related to the bank's pricing of foreign-exchange transitions.

First NBC Bank Holding in New Orleans, which delayed the release of its 2015 annual report earlier this year, said it has submitted a plan to Nasdaq to get back on schedule with its filing of financial statements.

State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.

The latest shot was fired this week in the ongoing feud between an investor group and Seacoast Banking Corp. of Florida in Stuart.

The Delaware Credit Union League announced its member credit unions voted unanimously — by a tally of 28-0 — to merge the DCUL with the Cooperative Credit Union Association.

Umpqua Holdings in Portland, Ore., has found a bank partner to join in its bid to bring new banking technologies to market.

An executive from Regions Financial said recently that his bank plans to pad fee income by expanding into syndication of low-income housing credits. The comment shed light on an increasingly competitive business — and reminded the world again how eager banks are for even incremental boosts to revenue.

WSFS Financial Corporation in Wilmington, Del., is looking to raise $100 million through the sale of notes and plans to use the proceeds for a range of purposes, including possible acquisitions.

Farmers & Merchants Bancorp in Lodi, Calif., has agreed to buy Delta National Bancorp in Manteca, Calif.

Trustmark in Jackson, Miss., reduced its workforce by more than 6% by offering early retirement packages.

Wintrust Financial in Rosemont, Ill., is planning to raise about $160 million through a common stock offering.

Highlands Bancorp in Vernon, N.J., has raised $7.5 million to exit the Small Business Lending Fund.

PNC Financial Services Group has been named the official bank of the University of Kentucky, its 50th such partnership with a college or university.

A longtime California bank regulator and executive has joined the board at Hanmi Financial in Los Angeles.

Most banks will be content to let the rate chasers walk if CD rates rise, but they'll still need to hike payouts if they hope to keep pace with the competitors. Question is, how far will they go to retain their best customers?

First Federal Bank of Wisconsin in Waukesha has a new chief executive lined up.

Heartway Bancorp. in Wayland, Iowa, has agreed to buy Peoples State Bank in Winfield, Iowa.

It has been seven years, and it’s going to take about $16.1 million, but First Reliance Bancshares in Florence, S.C., says it is about to close a key chapter in its post-crisis recovery and is ready to ramp up growth.

First Bancorp in San Juan, Puerto Rico, has sold an insurance agency.

The $654 million-asset bank said in a press release Monday that it had reorganized under OP Bancorp after receiving approval from shareholders and regulators.