Retail & Commercial

Toronto-Dominion Bank (TD) Chief Executive Officer Ed Clark will get a lifetime annual pension of C$2.49 million ($2.23 million) after stepping down as head of Canada's largest lender by assets.

CenterState Banks (CSFL) in Davenport, Fla., has appointed Ed Kofman to head its loan trading and hedge desk as managing director.

Two Florida men have been sentenced to serve seven years in federal prison for swindling more than $4 million from borrowers who were behind on their mortgages.

Mercantile Bank (MBWM) in Grand Rapids, Mich., and Firstbank (FBMI) in Alma, Mich., are extending the termination date for their delayed merger.

Union State Bank in Arkansas City, Kan., has had a member of the Docking family at its helm for more than 50 years. That is about to change.

U.S. banks are seeking to shield from scrutiny the $30 billion they collect annually in checking-account fees, saying a proposed requirement for periodic reports is unacceptable even if it exempts small institutions.

The highway to higher bank profits is littered with dead banks and S&Ls. Don’t be surprised to discover a few more casualties along the highway if and when long-term fixed-rate lending really takes off.

Park Sterling (PSTB) in Charlotte, N.C., has added to its recently established team in Virginia.

A federal judge ordered the arrest and incarceration of Paul Navestad, known legally as Paul Richard Jones, for violating an April 2012 court order requiring him to pay more than $20 million for his role in a phony government grant scheme.

JPMorgan Chase recovered only $593 million in charged-off credit card debts in 2013 - a slump of 57% from three years earlier. The drop reflects the improving economy and the regulatory pressures facing JPMorgan and other big banks over their collection practices.