Bill Heffernan has done it all over four decades in Miami banking, and has even been a mayor of a small town. Now, as a new board member of Apollo Bank, he'll advise the community bank on growth strategies.

BankUnited (BKU) says a factoring firm overstated its relationship with the Miami Lakes, Fla., bank.

City Bank Texas's latest mobile update points to its greater goal of enticing customers to a lower cost channel while also solving customer pain points.

"Insane" is how one bank CEO characterized what he's seen recently in the competition among banks to win business by loosening loan terms. American Banker editors discuss the trend and the dangers it poses.

The Federal Reserve Board has given Valley National Bancorp in Wayne, N.J., approval to redeem $127.5 million of trust-preferred securities.

State Bank Financial Corp. in Atlanta has named a new credit guru.

Jim Simpson, CTO of City Bank Texas, explains how and why his community bank has been the first U.S. bank to go live with several new mobile banking tools.

Community Financial Shares (CFIS) in Glen Ellyn, Ill., plans to issue $2.8 million of common stock in a private placement.

The banking industry earned a record profit for the second straight quarter as growth in noninterest income continued to make up for a slow recovery in the lending sector, the Federal Deposit Insurance Corp. said Thursday.

Heartland Financial (HTLF) in Dubuque, Iowa, plans to raise up to $75 million.

Prosperity Bancshares in Houston has agreed to buy F&M Bancorp in Tulsa, Okla.

GNB Financial in Gratz, Pa., has agreed to buy Liberty Centre Bancorp in Pottsville, Pa.

Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce joined the country's other lenders in topping analysts' estimates for third-quarter earnings, lifted by record profits in domestic consumer lending and wealth management.

VantageSouth Bancshares in Raleigh, N.C., announced that its president will resign.

Two attorneys, an appraiser and two others have been indicted for their roles in a New York mortgage fraud ring that operated for years and netted more than $1 million by preying on first-time home buyers and institutional lenders.

The Financial Crimes Enforcement Network, by hosting the Bitcoin Foundation in Washington D.C. this week, demonstrated its commitment to learning more about the disruptive virtual currency.

Virtual currency operators in Idaho are subject to state money transmission laws if they service Idaho residents, according to a letter from Jim Burns, investigations chief at the Idaho Department of Finance.

Unity disclosed in a regulatory filing Wednesday that it paid the Treasury Department $2.7 million to repurchase a warrant to buy about 765,000 shares of common stock.

At least nine lenders have halted operations in the three weeks since state regulators began pressuring banks to cut off their access to the payments system.

Six federal agencies have re-issued their proposal for defining "qualified residential mortgages" that avoid risk retention, which is more to the industry's liking than a 2011 plan. But a much tougher alternative is still drawing attention.