Retail & Commercial

Seven card-issuing banks can sue Heartland Payment Systems Inc. for negligence stemming from the processor’s 2008 data breach, the 5th U.S. Circuit Court of Appeals ruled this week.

Paul Aguggia is resigning from a large law firm to take the helm at Clifton Savings Bancorp in New Jersey, joining the company in advance of an anticipated second-step conversion.

Old National Bancorp (ONB) in Evansville, Ind., has agreed to sell two branches in Indiana: one to MainSource Financial, and one to River Valley Bancorp.

Many banks have programs to help children open their first bank accounts (and keep their parents coming back). Following are six banks whose marketing departments have gotten particularly creative in designing their children’s savings programs.

The Federal Deposit Insurance Corp. has terminated a consent order for Idaho First Bank in McCall.

Avidbank in Palo Alto, Calif., said that Kenneth Brenner will step down as president to become head of strategic relationships. Ronald Oliveria, Abidbank's chief credit officer, will succeed Brenner. The bank also made Dori Hamilton its chief banking officer.

UMB Financial in Kansas City, Mo., disclosed in a regulatory filing Thursday that a client is expected to move about $1.1 billion in deposits to an unnamed depository institution in the next 120 days.

Stonegate Bank (SGBK) in Fort Lauderdale, Fla., has agreed to buy Florida Shores Bancorp in Pompano Beach.

Simmons First (SFNC) in Pine Bluff, Ark., has submitted a bid in bankruptcy court in an effort to buy Metropolitan National Bank in Little Rock, Ark.

Will mortgage reform rectify past discriminatory practices or close the gap between white and nonwhite rates of homeownership? The major proposals in Washington show little interest in these critical questions.