Retail & Commercial

Pockio, a U.K.-based company that re-sells gift cards for cryptocurrency, has expanded the number of brands it offers from 30 to 160 in only a couple of months.

Nearly six months after some CertusBank investors demanded a total management overhaul, the Greenville, S.C., company elected six new board members at an annual meeting last week. Yet investors remain very concerned about the company's ongoing losses and capital levels, new Chairman John Poelker says.

The time spent preparing these reports has increased exponentially over the years, leaving bankers with less and less time to help customers, and communities, prosper. Allowing highly rated banks to file short-form call reports could significantly ease that burden, writes the ICBA's Camden Fine.

TD Bank has added mobile check deposit for its business customers.

CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.

The U.S. Treasury Department said it will cut its stake in Ally Financial Inc. (ALLY) by selling stock on the open market in its first divestiture since an initial public offering in April.

Wells Fargo's mortgage business, the largest in the U.S., is looking to halt a revenue slump by sweetening the payoff for employees amid a shift to new home purchases.

First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.

Already beset by stagnant wages, growing student debt and competition from investors who are snapping up listings, those looking to purchase moderately priced houses must also provide more cash up front.

Banks can use advanced database marketing techniques to identify current customers who may be shopping for a mortgage, writes Garth Graham.