Customers Bancorp of Wyomissing, Pa., has entered into a cease-and-desist order with the Federal Reserve related to the student disbursements business it bought from Higher One Holdings. It also agreed to pay a civil penalty of $960,000.

The $3.5 billion-asset company submitted a shelf registration that lets it sell common stock, preferred stock, debt securities and warrants, among other things.

The American Bankers Association has filed a lawsuit against the National Credit Union Administration, arguing that the regulator's new field-of-membership rule go too far.

Citigroup in early December added its 1 millionth new customer to the Costco card portfolio it acquired earlier this year.

There's no denying we are in a mobile-first era. But banks must overhaul their online banking to reap long-term profitability.

Pacific Financial in Aberdeen, Wash., is looking for a new chief credit officer.

U.S. Bancorp in Minneapolis has raised its expectations for its net interest margin in the fourth quarter, citing the recent increase in benchmark rates.

PrivateBancorp in Chicago has postponed a special meeting where investors were set to vote on its sale to Canadian Imperial Bank of Commerce amid growing concern that investors could reject the deal.

Old National Bancorp in Evansville, Ind., has shuffled its corporate finance department, promoting four executives to new or expanded roles.

Mark Schroeder has led the Jasper, Ind., company to six straight years of record profit by sticking to a simple model that emphasizes relationship banking and small, strategic acquisitions.

Santander Consumer USA Holdings in Dallas has named a former president of Ally Financial and a former Treasury Department official to its board.

Cross River Bank, which processes payments and funds loans for fintech startups, says that if such firms got a federal charter, it could help them another way: teaching them compliance.

The Consumer Financial Protection Bureau is planning to finalize its rulemaking on arbitration in early 2017, though it is unclear if the controversial regulation can be completed before President-elect Donald Trump takes office.

The $20.7 billion-asset company said in a press release Monday that it had tapped Samuel Erwin as its regional president responsible for covering the state. Erwin will operate from Greenville, S.C.

The veteran banker, who is taking the nonexecutive chairman post at Republic First Bancorp in Philadelphia after a long hiatus from the U.S. market, stands by the model he pioneered at Commerce despite a much-changed environment.

And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.

Safra National Bank of New York has agreed to buy Bank Hapoalim's private-banking business in Miami.

A preview of the next version of Moven's personal financial management app finds a new direction — helping people understand the trade-offs they make between short-term and long-term financial goals.

Texas State Bankshares in Harlingen has agreed to buy Blanco National Holdings.

Although he has since walked back his original pledge to deport 11 million people, if President-elect Donald Trump attempts to fulfill his campaign promise, the damage to the housing industry would be substantial.