The $317 million-asset State Bank said in a press release Tuesday that it will sell the Yuma, Ariz., branch — along with $17 million in deposits and $18 million in loans — for roughly $750,000.

Huntington Bancshares in Columbus, Ohio, has named R. Jeffrey Young president of its mutual fund service subsidiary.

Bank of Montreal can double its U.S. customer base without further acquisitions by its Chicago-based BMO Harris Bank unit, Chief Executive Officer William Downe said.

The sweeping reforms passed in 2010 didn't bring community banks to the brink of extinction. Rather, their numbers have dwindled because of the impact of economies of scale and dormant de novo banking activity.

Sun Bancorp in Mount Laurel, N.J., has decided to sell another branch and consolidate nine others as part of the ongoing streamlining of its retail network.

HomeTrust Bancshares has one less worry after a judge dismissed a three-year-old lawsuit against the Asheville, N.C., company.

Summit Financial in Moorefield, W.Va., has filed to raise $15 million over time.

Guaranty Bancorp in Denver is registering shares so that a number of large investors can sell stock over time.

CommunityOne Bancorp in Charlotte, N.C., is registering shares to make it easier for investors to sell stock over time.

TransUnion Corp. restarted the process for an initial public offering, three years after the credit-reporting company was acquired in a $3 billion deal that ended its earlier run at going public.

Wilshire Bancorp in Los Angeles has opened its first branch in Georgia.

February litigation against collection agencies increased from January’s across-the-board decline but Telephone Consumer Protection Act litigation continues to significantly lag.

CertusHoldings in Greenville, S.C., is planning to exit North Carolina.

Univest Corp. of Pennsylvania in Souderton has issued $50 million in subordinated debt.

Michigan lawmakers adopted a resolution recognizing and commending DBA International for its efforts to protect consumers and creditors through its national Receivables Management Certification Program.

JPMorgan Chase executives have been deposed and thousands of pages of internal documents subpoenaed as part of a U.S. investigation into the bank's asset-management unit, according to people familiar with the situation.

Some nonbank issuers of mortgage-backed securities are wrestling with capital pressures, and Ginnie Mae has cooperated with their efforts to sell chunks of mortgage-servicing-revenue streams to investors.

The financial industry and the Federal Reserve are finally on the same page about the U.S. payment system's need for speed. But achieving consensus about what the new system should look like remains a tall order.

Speedier transactions could make a big difference for a wide range of consumers, from hourly workers to patients waiting for medical insurance claims to clear.

It took a decade and a government mandate for the U.K. banking industry to develop a set of rails to transfer funds from one bank account to another in seconds.