FITCHBURG, Wis. — Summit CU remodeled its branch here in early 2013 as part of a move to "inspire" members to dream more, and the project appears to have paid off.

The promise of Bitcoin is to never have to trust anyone, but one of the field's most prominent startups wants to let its users reach out and touch someone.

Cullen/Frost Bankers (CFR) in San Antonio has agreed to refrain from announcing more acquisitions until it improves its compliance programs.

The promise of Bitcoin is to never have to trust anyone, but one of the field's most prominent startups wants to let its users reach out and touch someone.

BitPay will partner with Toshiba to support Bitcoin digital currency acceptance at the physical point of sale through Toshiba's VisualTouch software.

The $769 million-asset bank said in a press release that Joseph DeVito had become its president and chief executive. DeVito succeeded Kenneth Brennan, who will become Village Bank's chairman.

John Blizzard, who has more than 23 years of banking and financial services experience, most recently served as president and chief executive of Northwest Bank in Boise, Idaho. He succeeded Patrick Patrick, who has been the $216 million-asset Seattle Bank's CEO for four years.

Jacksonville Bancorp (JAXB) in Florida is eliminating 16% of its work force to cut costs.

Bankwell Financial Group (BWFG) of New Canaan, Conn., raised nearly $49 million through its initial public offering.

Summers — a World War II veteran, businessman and civic leader in southeast Texas — was a director of the bank since 1951, including more than two decades as chairman. He died Tuesday at 95.

Under pressure from the Federal Deposit Insurance Corp. to increase its capital levels, Doral Financial (DRL) is selling its health care lending division to Triumph Bancorp in Dallas.

As the market slows for post-downturn, private-label, residential mortgage-backed securities – known as RMBS 2.0 –an industry group thinks it's time to start preparing for version 3.0.

Buyers still exist for mortgage platforms. The problem is that the gap in pricing expectations for buyers and sellers has widened since refinance activity stalled last summer.

Alice Hensen, president of the Bank of Sun Prairie in Wisconsin, is one of the many bankers who delayed retirement to help their banks survive the financial crisis. She is stepping down now that her bank's troubles are past and hopes it can find some "new blood."

Pulaski Financial (PULB) in St. Louis is looking to convert to a national bank from a federal savings bank.

Glass-Lewis wants Solera's investors to reject a slate from the Colorado company’s biggest shareholder. ISS is urging people to withhold support for eight of Solera’s 11 nominees – though the proxy firm is unwilling to endorse any alternates.

The Senate Banking Committee passed major legislation to overhaul the housing finance system on Thursday.

New Jersey surpassed Florida with the highest share of U.S. mortgages in foreclosure in the first quarter as delinquencies nationally fell to pre-crisis levels.

DBA International, a debt-buying industry association, approved a new tagline that it will start using this month.

The pastors of New York City tabernacle must return $1.7 million in illegal loans.