Retail & Commercial

Southern BancShares in Mount Olive, N.C., has agreed to buy Heritage Bankshares in Norfolk, Va.

UniRush's transition to a new processor caused major service interruptions for users of its popular RushCard prepaid products.

Regulatory action is needed to weed out patently unfair fee structures, but as an industry we should and can do better on our own.

While Diebold and Wincor Nixdorf may soon merge to form the world's largest ATM company, NCR is working harder than ever to set itself apart in the rapidly changing ATM/self-service payment market.

Renasant in Tupelo, Miss., has agreed to buy KeyWorth Bank in Johns Creek, Ga.

Daniel P. Dyer, the chief executive officer of Marlin Business Services in Mount Laurel, N.J., has retired.

Crossroads Bank in Effingham, Ill., has selected Michael Defend as its new chief executive. Defend, who will also serve as president, will step into his new role at the beginning of next year.

Profits at Discover Financial Services fell for the fourth consecutive quarter amid higher compliance expenses and rising funding costs.

Discover Financial Services, the credit-card issuer that's expanded to student lending and unsecured personal loans, posted profit that beat analysts' estimates as the firm bought back about 8 million shares of stock and provisions for loan losses declined.

Loan-loss provisions are trending up, partly due to an increase in overall lending but also because lenders are concerned about future losses on loans tied to the energy and manufacturing sectors.