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S1's board advised the company's shareholders not to accept the exchange offer ACI made in its hostile bid. ACI's offer, which would disrupt S1's planned merger with Fundtech, "is not in the best interests of S1 or its stockholders," S1 said.

American Banker Washington Bureau Chief Rob Blackwell discusses the status of the landmark banking legislation.

TD Retail Card Services will issue and administer a new private-label credit card for Elkhart, Ind.-based Forest River Inc., a manufacturer of recreational vehicles and cargo trailers.

First Merchants Corp. in Muncie, Ind., used a regulatory filing Tuesday to disclose the names of the two private equity firms that participated in a recent private placement of common stock.

Webster Financial Corp. Chairman and Chief Executive Officer James C. Smith has no regrets about eliminating free checking for customers.

The New Jersey Supreme Court lifted a foreclosure ban on Ally Financial Inc. on Monday, removing the last state barrier that had prohibited mortgage servicers from resuming foreclosures one year after their widespread "robo-signing" procedures came to light. The court allowed five other large banks to resume foreclosing on delinquent homeowners last month.

Fraudsters are increasingly using alternative payment methods to make bogus transactions, in many cases moving away from debit cards and checks, merchants report.

Bank of America is expected to close 750 branch offices nationwide. Community banks covet B of A's prime real estate, including Umpqua and First Niagara.

The Federal Reserve on Tuesday announced a written agreement with Pinnacle Bank Holding Co. in Orange City, Fla.

Senate Banking Committee hosts academics for reprise of familiar debate over role of government.

The chief executive at Texas Capital Bancshares Inc. says that regional banks like his are losing potential commercial loan business to deposit-rich larger banks that are undercutting them on rates and offering more favorable terms.

American Express plans to continue forging partnerships with retailers and other companies to expand use of its Serve digital payments platform, an executive said Tuesday.

Consumers filed an estimated 400 Fair Debt Collection Practices Act lawsuits in the Aug. 16-31 period, down from 441 filed in the first half of August, according to data from U.S. district courts.

JACKSONVILLE, Fla. – Navy FCU on Monday opened its seventh Jacksonville branch (and 219th overall) at the River City Market Place three miles from Jacksonville International Airport.

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Plans to slash 30,000 jobs, cut $5 billion in costs may buy needed time.

After making five acquisitions in less than three years, People's United Financial Inc. in Bridgeport, Conn., is now turning its attention to slashing overhead and growing its balance sheet more organically.

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Michael Viazzoli, a former Bank of America Corp. executive, has been named president of Bank of Kansas City.