The Treasury Department said this week it will distribute $4.3 billion from the Small Business Lending Fund, about a third of the funds that banks were seeking from the program and only 14% of the total available.

WASHINGTON — Loan quality improved slightly over the past six weeks while demand was stable to weak, according to a report issued Wednesday by the Federal Reserve Board.

BlueRidge Bank in Frederick, Md., is expanding its operations in the Baltimore metropolitan area by converting its year-old commercial loan office there into a full-service branch.

A ranking of midsize banking companies by funding rates in which SVB Financial places first and First BanCorp places last puts different business models, and local economic conditions, in full view.

MasterCard is urging ATM owners to add hardware for accepting chip-card payments. Those that don't may be faced with a higher level of liability. The plan affects inter-regional transactions on its Maestro network.

TD Ameritrade Holding Corp. isn't interested in acquiring the assets of E-Trade Financial Corp., the head of the U.S. online broker said.

For CrossFirst, the last three years have been filled with perseverance. It spent three years trying to raise capital and 13 months cleaning up a troubled bank before regulators would allow it to merge it with its de novo bank.

The Consumer Financial Protection Bureau said Wednesday it is seeking public input on products and services aimed at members of the military and their families.

NEW YORK — Bank of America Corp.'s new Co-Chief Operating Officer David Darnell on Wednesday told leadership of the bank's wealth management unit, which includes Merrill Lynch, that he plans to maintain the current compensation structure for financial advisers and keep senior management of the business in place.

Associated Banc-Corp in Green Bay, Wis., plans to raise more than $200 million in fresh capital and will use the proceeds to repay the balance of its debt to the Treasury Department's Troubled Asset Relief Program.

The Federal Housing Finance Agency aggressively pushed back Tuesday against claims that Fannie Mae and Freddie Mac were sophisticated investors that should have done a better job of vetting their purchases of mortgage-backed securities.

A quarterly analysis of credit trends in Canada found that the average total debt for consumers ticked up in the second quarter ended June 30 to $25,603, a $6 increase from the first quarter total, which had marked the first decrease in nearly seven years. The total does not include mortgage debt.

U.S. government-backed firms and agencies should "stop punishing banks" and suspend demands for mortgage repurchases because they are impeding an economic recovery, according to Paul Miller of FBR Capital Markets & Co.

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PHILADELPHIA – American Heritage FCU will open a new branch next Monday in a ShopRite supermarket in downtown Philadelphia.

Banks with assets of less than $10 billion are exempt from the Dodd-Frank Act's restrictions on debit interchange, but even those who are exempt from the law are still bracing for what they see as its inevitable effects on their checking accounts and other operations.

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Bank of America ousted prominent executives Sallie Krawcheck and Joe Price on Tuesday as part of Chief Executive Brian Moynihan's efforts to reorganize the struggling company.

Bank of America Corp. Chief Executive Brian Moynihan shook up his management team Tuesday, ousting wealth management head Sallie Krawcheck and consumer-banking head Joseph Price.

Merchant terminal maker just finished third quarter of 20%+ revenue gains.