Retail & Commercial

McWhinney, the head of Citigroup's enterprise payments division, is leaving the bank at the end of January to serve as an independent director for a Fortune 250 company, which she did not name. She said she hopes her move will encourage more women to serve on the boards of public companies.

Victory Bancorp in Limerick, Pa., and Huntingdon Valley in Warminster have agreed to a merger of equals.

Malvern Bancorp (MLVF) in Paoli, Pa., took an $18.8 million loss in the quarter that ended Sept. 30 after selling a batch of bad loans for a loss.

Colorado regulators resolved a case in which more than 600 state residents were financially harmed by a Texas-based debt settlement company operating illegally in Colorado.

If the banks do not want to divest from these fringe consumer finance companies, the OCC should make them do so. Their reputations are at risk.

The community bank says it's winning over government contractors and law and accounting firms with technology that's a step ahead of peers.

Maryland Attorney General Douglas F. Gansler is alerting residents of the state about scammers trying steal bank account numbers and other personal identifying information.

Hanmi Financial (HAFC) in Los Angeles has agreed to buy Central Bancorp in Garland, Texas.

Many companies are already looking past the mobile phone to find the next high-tech payment device. A few companies are also equipping fashion items with Near Field Communication chips and other technology that can be repurposed by the payments industry.

The Office of the Comptroller of the Currency on Friday closed Texas Community Bank, a $160 million-asset institution located north of Houston.