Americas

The Michigan company has pledged $1 million to help people buy homes in the Marygrove College neighborhood. Homeowners can get up to $25,000 and have $5,000 shaved off the balance each year they live there.

ATLANTA — Much like healthcare.gov struggled on its way to signing up 7.1 million Americans, private health insurance exchanges partnering with credit unions are reporting their own enrollment challenges.

AUSTIN, Tex. — Loyalty vendor Buzz Points has armed itself with $19 million in fresh capital in hopes of capitalizing on the growing desire of credit unions and small banks to expand their debit rewards programs.

Armed with $19 billion in fresh capital, the loyalty vendor is planning a major expansion at a time when small banks and credit unions are eager to beef up their debit rewards programs.

Old Second Bancorp (OSBC) in Aurora, Ill., has raised $59.4 million through a public offering.

Lakeland Financial (LKFN) in Indiana has a new chief executive.

National Bank Holdings (NBHC) in Greenwood Village, Colo., is losing its executive in charge of acquisitions.

Bank holding companies earned a record $3.4 billion from the sale of annuities last year, up 9% from a year earlier, according to a report released Tuesday by Michael White Associates of Radnor, Pa.

Banks everywhere are evaluating their odds of survival, which takes capital. Mutuals are at a disadvantage in that regard but are looking to change that through new legislation.

The Federal Reserve's retail payments office announced Monday that it "fully supports" the most recent push within the financial services industry to speed up electronic payments.