Retail & Commercial

WEX has agreed to acquire fleet card provider Electronic Funds Source in a stock-and-cash deal.

Quicken Loans is partnering with Freddie Mac to boost business among first-time and middle-income borrowers as it battles allegations over its past underwriting practices on Federal Housing Administration-backed mortgages.

Dollar Bank in Pittsburgh has named James McQuade its CEO-in-waiting. McQuade will succeed Robert Oeler on Nov. 1 as president of the $7.2 billion-asset mutual thrift, and then will become CEO some time next year, when Oeler retires from that position.

Fannie Mae plans to make several changes that could help more consumers, including those with little credit history, qualify for a home loan.

Diebold Inc. offered 1.57 billion euros ($1.8 billion) in cash and stock to acquire its German rival, Wincor Nixdorf AG, in a bid to create the biggest maker of cash machines and security systems with about $6 billion in sales.

Even if Operation Choke Point officially ended, U.S. regulators have continued to apply the policy of threatening investigations and ruinous fines against banks that service "high-risk" customers in disfavored industries.

Communities First Financial in Fresno, Calif., has a new chief executive.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Investar Holding in Baton Rouge, La., has made a series of changes to its executive ranks.

Acquisitions would seem to be a logical course of action for regional banks struggling to cut costs and boost revenues in the low interest rate environment, but some bank chief executives are less open to the idea than others as comments by the heads of First Horizon and SunTrust demonstrate.