Dozens of insurers have sold off their banks in recent years, with just a handful choosing to remain in the business. Mutual of Omaha Bank is committed to building a traditional community banking culture with its parent company's backing.

Wells Fargo executives said they support federal regulators' effort to expand mortgage credit availability but cautioned that it will produce little benefit for the bank's, or the industry's, bottom line.

C1 Financial in St. Petersburg, Fla., is going public.

QNB Corp. (QNBC) in Quakertown, Pa., is looking to replace its chief financial officer.

Fiserv and ChannelNet have added a feature to LoanLink, their borrower self-service tool, that lets distressed consumers apply online to restructure their mortgage or installment loans.

The operators of the scheme the falsely promised to help consumers get loans, but instead used personal financial data to take money from bank accounts without consent, have settled FTC charges.

JPMorgan Chase (JPM) has partnered with Liberty Bank in Detroit to offer financing to homebuyers interested in restoration of the city's run-down properties.

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The National Credit Union Administration has liquidated IBEW Local 816 Federal Credit Union in Paducah, Ky.

Radian Group and MGIC Investment are among mortgage insurers that would need to fill a financial gap under new financial-strength rules proposed by the Federal Housing Finance Agency.

Alerus Financial (ALRS) in Grand Forks, N.D., has acquired Private Bancorp. in Minneapolis for $15.9 million in cash and other considerations.

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower costs even as the lender snapped a 17-quarter streak of rising per- share earnings.

Chicopee Bancorp (CBNK) in Massachusetts said it expects to report a second-quarter loss due to a spike in its loan-loss provision.

KeyCorp (KEY) has added a retired federal bank regulator to its board.

The Consumer Financial Protection Bureau settlement with ACE Cash Express Thursday sends another strong message about practices it may target in industry rules.

OFG Bancorp (OFG) in San Juan, Puerto Rico, added two members to its executive team.

Regulatory fines, lawsuits and other scandals have made it difficult to repair banks' damaged public images, 80% of marketing and communications executives from financial firms said in a recent survey. That's not all they are stewing over, either.

A spike in smaller deals, along with improved premiums, is providing hope that buyers and sellers are finally coming together as industry experts forecast several years earlier.

Discover President Roger Hochschild, testifying at a government antitrust trial of American Express in federal court in Brooklyn, N.Y., said his company tried to offer low interchange rates in the late 1990s and then gave up because bigger, higher-cost rivals had too much market power.

In the world of official corporate comments, give peer-to-peer lender Lending Club a gold star. A rival firm, Upstart, says that one of its co-founders, Paul Gu, applied to Lending Club for a loan and was offered a high interest rate, but Lending Club challenged that tale in a humorous rebuttal.