Retail & Commercial

The Postal Service could raise $8.9 billion annually by offering reloadable debit cards, loans, remittances and other financial services products that target the underbanked, according to a report issued Monday by the agency's Office of Inspector General.

Lakeland Financial (LKFN) in Warsaw, Ind., reported higher quarterly profit driven by loan growth.

Chemical Financial (CHFC) in Midland, Mich., reported net income Monday of $14.4 million for the fourth quarter, 14.3% better than a year earlier.

A number of community banks have removed CEOs, announced plans to sell or reached compromises with dissident shareholders in recent weeks. And proxy season has yet to hit its stride.

Payment processor First Data has agreed to pay JPMorgan Chase (JPM) millions of dollars in order to settle a hiring dispute, The Wall Street Journal reported Monday.

Hanmi Financial (HAFC) in Los Angeles reported dip in quarterly profits because of costs related to its planned acquisition of Central Bancorp.

A new accounting framework could give banks a leg up in small-business lending by making it cheaper for companies to provide accurate financials, but accounting experts are divided over whether the standards are an improvement or risky and confusing.

Waterstone Financial (WSBF) in Wauwatosa, Wis., disclosed that its chief financial officer is resigning.

Ohio Attorney General Mike DeWine's says his office has collected more than $1.3 billion in debts owed to state government offices.

Experienced community bank executives know that failure to manage their bank’s sensitivity to interest rate risk can cause financial troubles.