Retail & Commercial

Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy Magna Bank in Memphis, Tenn.

The fact that ATM fee hikes still cause controversy shows consumers still demand ATMs, even in an era when payments and other transactions seems to be moving to a mobile platform.

A bill easing restrictions on the collection efforts of debt buyers won the endorsement of North Carolina's Senate Judiciary Committee in a voice vote Tuesday.

Regions Financial will pay a $7.5 million fine after the Consumer Financial Protection Bureau said it charged consumers illegal overdraft fees on checking and payday-loan-like accounts.

Banks in Baltimore seem to have avoided the worst of the violence in the city's riots, though that's partly because they have few branches in some of the affected neighborhoods.

United Bankshares in Charleston, W.Va., reported higher profit more than a year after announcing a key acquisition.

Flagstar Bancorp in Troy, Mich., beat expectations as it reported stronger mortgage volume in the first quarter. The company reported net income of $31.5 million in the first quarter versus a profit of $11.1 million in the previous quarter and a loss of $78.4 million a year ago.

The loss of a key partnership with General Motors has left Ally Financial searching for new revenue streams. In the short term, the bank has ramped up its subprime auto lending, but to sustain its growth it must "get more out of customer relationships," says CEO Jeffrey Brown.

First Community Bancshares, of Bluefield, Va., increased its profits slightly as legal costs and losses and expenses from selling foreclosed real estate declined.

Bank branches are continuing to lose their luster as consumers rely on online and mobile channels, according to a new report.