Bank of America will post a $600 million pretax writedown in the fourth quarter as it redeems $2 billion of trust preferred securities tied to its 2009 acquisition of Merrill Lynch.

The $390.1 million-asset company said in a press release Tuesday that it has agreed to sell common stock to institutional investors led by Patriot Financial Partners.

If dead men tell no tales, that makes identity theft of deceased account holders all the harder for card issuers to combat, particularly when the perpetrators are bank insiders.

Cortland Bancorp in Cortland, Ohio, is set to add a pair of former bankers to its board.

Far from the madding crowd, the GE spinoff Synchrony runs an innovation lab in Stamford, Conn., that is buzzing with pragmatic projects and a culture that promotes collaboration and quick execution of new ideas.

If dead men tell no tales, that makes identity theft of deceased account holders all the harder for card issuers to combat, particularly when the perpetrators are bank insiders.

Calumet Bancorp. in Chilton, Wis., has agreed to buy Calumet Bancshares in Brillion, Wis.

The banking group, already irate over a plan to drastically change the timing of loan-loss provisions, is blasting remarks by FASB Chairman Russell Golden linking community banks to the financial crisis. FASB, meanwhile, said the comments were meant to be a criticism of current credit loss models — not banks.

The $1.3 billion-asset company said in a press release that CEO Stephen Wilson will retire at the end of the year.

The company badly missed Wall Street estimates in the third quarter, prompting management to ramp up plans to cut costs. Mariner Kemper, in a wide-ranging interview, discussed those challenges while also addressing key changes among his executive ranks.

Once billed as a safer alternative to traditional finance, the new crop of tech-powered lenders is starting to resemble previous generations of finance companies whose fortunes rose and fell with each economic cycle.

Talmer Bancorp in Troy, Mich., will record a nearly $14 million charge in the fourth quarter tied to ending its loss-share agreements with the Federal Deposit Insurance Corp.

The Bancorp in Wilmington, Del., has agreed to pay a $3 million civil money penalty to address issues tied to electronic fund transfer practices.

Bank fraud can follow you to the grave. That's what prosecutors in Brooklyn, New York, said in the case of two men who worked as personal bankers at JPMorgan Chase & Co. and are accused of stealing $400,000 from inactive bank accounts.

Officials who assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.

Some lost their jobs while others made major missteps or faced serious challenges to their business plans. Here are the folks who had a rough 2015 and are looking forward to better times in 2016.