BillFloat Inc., a provider of credit and underwriting services, has hired a community banking veteran as a senior advisor.

Harland Clarke said Wednesday that it is replacing its brick-shaped check boxes with a new package that it says offers security and other advantages.

UMB Financial Corp. in Kansas City, Mo., on Wednesday reported $23.3 million in fourth-quarter profits, up 22% from a year earlier but falling short of expectations.

The Treasury Department said Wednesday it has completed the sale of pools of securities backed by small business loans, marking the end of another piece of the Troubled Asset Relief Program.

BankUnited Inc., which last week confirmed a short-lived effort to sell itself, said Wednesday that its fourth-quarter earnings rose nearly 50% from a year earlier, to $41 million.

Citigroup Inc. will no longer purchase "medium or high-risk" loans that could result in buyback requests from Fannie Mae or Freddie Mac, in the bank's latest effort to improve the quality of mortgages it buys from correspondent lenders, according to an internal memo obtained by American Banker.

Iberiabank Corp.'s reported increased quarterly earnings Wednesday, though merger-related costs and impairment charges caused the company to fall shy of Wall Street's expectations.

The prepaid card marketer NetSpend has entered into a distribution agreement to sell its Visa prepaid cards at 5,000 7-Eleven locations in the U.S.

After spending much of 2011 watching its loans shrink, PrivateBancorp Inc. in Chicago increased its loans by nearly 4% during the fourth quarter. That boost was enough to lift analysts' confidence and estimates.

Trustmark Corp. in Jackson, Miss., said late Tuesday that fourth-quarter net income fell 10% from a quarter earlier, to $24.3 million.

Hudson City Bancorp Inc. swung to a fourth-quarter loss as the lender paid off about $4.3 billion in high-cost debt, though loan-loss provisions and charge-offs declined.

Commerce Bancshares Inc. in Kansas City, Mo., said late Tuesday that its fourth-quarter profits were flat from a year earlier, at $61.5 million, following the settlement of a class-action lawsuit.

Speech includes plan to remove "red tape" for borrowers, and efforts to investigate those responsible for financial crisis.

ST. PAUL, Minn. – Hometown CU opened the state’s first in-school, student-run credit union branch in Owatonna High School.

MILWAUKEE – University of Wisconsin CU plans to open a branch in nearby West Allis, on the site of a former Blockbuster store.

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Total System Services said Tuesday that its revenue for the fourth quarter rose 7.3%, to $472.2 million.

BancorpSouth Inc. in Tupelo, Miss., raised $109.3 million in a common stock offering, a week after the company reported better-than-expected fourth-quarter earnings.

The prepaid card marketer Green Dot said Tuesday that it is purchased some assets of eCommLink, allowing it to move its processing in-house.

GOP legislators raise issues surrounding recess appointment but hearing remains cordial.