Texas

FirstBank, a $2.2 billion-asset unit of First South Bancorp Inc. in Lexington, Tenn., has agreed to use the i-Remit service from eGistics Inc. for its check processing and wholesale lockbox lines of business, the Dallas archive hosting service announced Monday.

Northern Trust Corp. announced that it has promoted Patrick Everett to Dallas regional president.

A 30-year industry veteran wants to make Envoy Mortgage, the small but growing Houston nonbank originator he bought into 18 months ago, into a "middle tier" lender — one that ranks between 10th and 50th nationwide.

When Larry Brown, the chief executive at Bank of Little Rock, first heard the name Kasasa, he thought the conversation had turned from rewards checking to what's for dinner.

The prepaid card marketer FSV Payment Systems Inc. is offering people savings accounts tied to its cards.

Bank of America Corp. is progressing down the road to recovery, but its biggest obstacles still lie ahead.

Bank of America Corp. has become the top provider of mobile banking services, according to data compiled by the market research company ComScore Inc.

James Gutierrez, chief executive of Progress Financial in San Jose, believes he has found the key to reaching unbanked Hispanics — credit.

As the tally of failed banks continues to grow, so does the list of institutions with similar names that have had to calm down confused customers and business partners.

Absorbing Texas Community would increase Patriot's asset size by nearly half, to $1.67 billion, making it the 10th largest privately held banking company in the state.

Merrill Lynch & Co. has agreed to pay $26.5 million in a national settlement stemming from Texas' claims that the brokerage allowed sales assistants to sell securities without being properly registered, said State Securities Commissioner Denise Voigt Crawford.

Town Center Bank is practically giving itself away. In a deal with more than one unusual twist, it plans to sell itself for no more than the bad loans on its books.

Only three mutual thrifts have succeeded in going public so far this year, but the conversion market is starting to pick up, with two large deals on the way.

LegacyTexas Group Inc. in Plano must get more aggressive in dealing with its loan trouble in order to satisfy regulators.

Plains Capital Corp. said in a filing with the Securities and Exchange Commission that it will use the funds to pay off its $92 million in funding under the Troubled Asset Relief Program, pay off another $20 million in debt and perhaps use the remainder to buy other banks or assets.