Location Root Tag

NEW YORK — The U.S. payments system's march toward EMV is gaining steam, according to the Payments Security Task Force.

CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.

The U.S. Treasury Department said it will cut its stake in Ally Financial Inc. (ALLY) by selling stock on the open market in its first divestiture since an initial public offering in April.

First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.

Customers Bank in Wyomissing, Pa., has announced three new appointments to executive positions, including one to the newly created role of Small Business Administration national director.

Citizens Financial Group in Providence, R.I., is expanding its commercial banking operations to lend to more midsize companies in more parts of the country.

KENSINGTON, Md. — Lafayette Federal Credit Union has entered into a unique partnership with Hitachi Government Finance to drive the CU's commercial lending.

OKLAHOMA CITY — The $562 million FAA Credit Union became the first CU in Oklahoma to receive the Cornerstone Credit Union League's "Juntos Avanzamos" or "Together We Advance" designation for its "dedicated service" to the Hispanic community.

The Bank of Edwardsville in Illinois has begun looking for a new chief executive, after its current CEO, Thomas Holloway, said he would retire next spring.

WASHINGTON — Capitol Hill's interest in the risk-based capital rule — possibly reaching record levels for NCUA's proposed rulemaking — may lead to greater change to the final rule than what the agency has said is coming, according to several Capitol Hill observers.

MADISON, Wis. — Credit unions continued to hand out pay increases to staff members in 2013, and most expect to do the same this year.

The Bancorp in Wilmington, Del., has revised its second-quarter results and now says it turned a modest profit in the quarter that ended June 30.

The bank M&A world can be challenging for private-equity vehicles because they trade lower than some of the more aggressive traditional buyers. Talmer Bancorp in Troy, Mich., announced a cash deal last week that pushed its stock up more than 5%, perhaps helping its hand in future stock deals.

BILLINGS, Mont. — The $36.7 million Rimrock Credit Union has selected core processor provider Sharetec System as its new core system.

LAKE BLUFF, Ill. — The practice of ordering consumer payments from highest to lowest is declining among financial institutions, according to a new study from Moebs Services.

First National Community Bancorp in Dunmore, Pa., showed that there is still life left in some charged-off loans.

CHARLESTON, W. Va. — A leadership change is on the horizon at Pioneer West Virginia Federal Credit Union.

M&F Bank in Durham, N.C., has named James H. Sills III as its president and chief executive.

Centrue Financial in Ottawa, Ill., said Monday that it has agreed to sell $75 million of its common stock to the New York private-equity group Capital Z Partners.

A payday lending executive who New York prosecutors say violated the state's usury laws is set to be arraigned Tuesday in a Manhattan court.