Retail & Commercial

Two companies have settled charges that they used prerecorded calls to trick consumers into deceptive credit card interest rate reduction scams.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

More than 770,000 U.S. homes were in foreclosure at the close of the second quarter ended June 30, according to the latest data provided by RealtyTrac.

Old National is trying to shed assets ahead of an acquisition in hopes of staying below $10 billion in assets, a level that ensures increased regulation.

Economic shifts are driving community banks back into the mortgage-purchase market, but the very same forces are squelching demand. So small banks will have to start buying established mortgage originators — if PE firms don't buy the same targets first.

Disney World's efforts to test its payments wristband involve patience, investment in technology and a lot of marketing. PaymentsSource editor Daniel Wolfe recently visited the amusement park and has some lessons for banks and other payments companies that want to succeed in similar innovation.

An Indiana man was sentenced to spend five years in federal prison and pay almost $7 million in restitution Thursday after pleading guilty to defrauding local banks of over $10 million.

Zions Bancorp. in Salt Lake City has raised $87.9 million in a sale of subordinated notes.

The Federal Deposit Insurance Corp. has lifted a consent order with Seattle Bank, which recently added $10 million of capital.

Baker Boyer Bank in Walla Walla, Wash., has promoted its wealth management division manager to become president and chief investment officer.