Location Root Tag

Bank of America and U.S. Bank are nearing a settlement agreement with a Chicago pension fund over charges that the banks failed to protect investors from losses during the financial crisis.

EDWARDSVILLE, Ill. — Scott CU here announced it has surpassed the $1 billion mark in assets.

A group of investors has raised its stake in Doral Financial on a belief that the San Juan, Puerto Rico, company will prevail in its effort to claim a $230 million tax refund from the territory's government.

BETHPAGE, N.Y. — Growing concerns here regarding the risk of debit card fraud led Bethpage FCU to be the first CU to partner with CO-OP Financial Services and its CardNav app. After a 60-day trial, members are embracing the solution.

Hampton Roads Bankshares in Virginia Beach has named John Marshall Jr. as chief risk officer. He succeeds Robert Bloxom, who retired from Hampton Roads at the end of September.

Puerto Rico's economy has been in disarray for eight years, and it's taken many banks down with it. OFG weathered the financial crisis and is considering how to capitalize on its status as the island's healthiest bank.

Suffolk Bancorp in Riverhead, N.Y., has sold its wealth management business to a unit of Provident Financial Services in Jersey City, N.J.

A federal judge has dismissed a lawsuit by the founders of CertusBank that claimed they were fired as part of a racist conspiracy at the Columbia, S.C., company.

Chemical Financial in Midland, Mich., has agreed to buy Monarch Community Bancorp in Coldwater, Mich.

MVB Financial and CFG Community Bank have terminated their purchase-and-assumption agreement, a year after announcing the deal.

Bank of Colorado in Fort Collins announced Friday that it is buying the $234 million-asset MontroseBank in Colorado's western slope.

NCUA said in a press release Friday that it has barred three former credit union employees from working at a federally insured financial institution.

The Federal Deposit Insurance Corp. on Friday released its list of enforcement actions from September, including a consent order that played a role in derailing two planned acquisitions.

Wayne Savings Bancshares in Wooster, Ohio, appointed H. Stewart Fitz Gibbon III as president and chief executive of the company and its banking unit.

MB Financial in Chicago saw its earnings dip thanks mainly to costs associated with its acquisition of Taylor Capital Group.

The $1.5 billion-asset bank lost $15 million in the third quarter, its twelfth straight quarterly loss, according to a Federal Deposit Insurance Corp. call report made public Friday.

Investors Bancorp in Short Hills, N.J., reported higher third-quarter earnings, fueled by strong loan growth.

First Financial Bancorp in Cincinnati saw its earnings rise slightly in the third quarter because of acquisitions and loan growth.

The Bancorp in Wilmington, Del., said on Friday that it has eliminated its commercial lending operations, amid pressure from regulators to fix its anti-money laundering procedures.

MEDLEY, Fla. — Besides the usual measures of requiring a down payment, adjusting the interest up, and staying on top of collections, Compass Financial Federal Credit Union uses a few other tactics that focus less on interest rates and credit scores to keep delinquencies in check, and more on the vehicles being financed themselves.