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El Paso offers a microcosm of the banking industry, showing how banks operating side by side can diverge dramatically based on daily choices.

President Obama announced Friday he intends to nominate Federal Deposit Insurance Corp. director Tom Curry, a former state regulator, for the top job at the Office of the Comptroller of the Currency.

Raymond James Bank in St. Petersburg, Fla., is acquiring a $650 million loan portfolio from Allied Irish Bank's Canadian operation in Toronto.

American Express Co. is expanding its prepaid payments business through a partnership with CardSmith LLC, which develops and manages campus ID card programs for colleges.

The bank on Friday said it was extending premier checking account benefits typically reserved for its elite customers to active-duty members of the armed forces, along with members of the National Guard and reserves.

Warehouse credit for nonbank borrowers is probably the most plentiful it's been since the financial markets crashed three years ago, as banks large and small have waded into the sector.

ECB Bancorp Inc. in Englehard, N.C., is planning to raise $75 million in a private stock offering and intends to use a portion of the funds to exit the Treasury Department's Troubled Asset Relief Program.

Park National in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

The Bank of Kentucky Corp. in Crestview Hills announced Friday a deal to acquire the operations of United Kentucky Bank of Pendleton County Inc.

The Bank of Kentucky Corp. in Crestview Hills announced Friday a deal to acquire the operations of United Kentucky Bank of Pendleton County Inc.

ECB Bancorp Inc. in Englehard, N.C., is planning to raise $75 million in a private stock offering and intends to use a portion of the funds to exit the Treasury Department's Troubled Asset Relief Program.

Park National Corp. in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

People who repeatedly overdraw their accounts are very profitable, but Rusty Cloutier, CEO of Midsouth Bank i Lafayette, La., isn't so sure what's good for his bank is necessarily good for these customers.

Payday lenders seemingly have few friends in high places, but they recently found sympathy from a surprising source: an economist at the Kansas City Fed.

A dearth of relationships with the underbanked has perpetuated the shortage of insight into how low-income consumers manage their finances. Enter the U.S. Financial Diaries.

Banks and retailers are no longer fearful of the changing payments landscape, but they are still struggling to find their place in it. A report from Card Forum.

Restricted on capital. Burdened by heavy deposit insurance assessments. Threatened with losing their federal tax exemption. Little wonder credit unions are weighing conversion.

El Paso offers a microcosm of the banking industry across the country, illustrating how institutions operating side by side can diverge dramatically based on the decisions made every day about how to run them.