Retail & Commercial

BofI Holding (BOFI) in San Diego reported its sixth consecutive quarter of record profits as an expansion of its balance sheet led to higher lending income.

Banc of California (BANC) earned $4.4 million, or 36 cents a share, in the second quarter, compared with a $739,000 loss a year earlier. The results topped the expectations of analysts polled by Bloomberg by 13 cents.

Online and mobile banking adoption continues to grow quickly, a national poll finds.

Wells Fargo (WFC) will issue new credit cards on the American Express network beginning in mid-2014, the two companies announced Wednesday. Financial terms of the agreement were not disclosed.

CoBiz Financial (COBZ) in Denver plans to retire $21 million in debt. The $2.7 billion-asset company is scheduled to retire the unsecured notes on Aug. 19, it said in a regulatory filing Tuesday.

President Obama belatedly weighed in Tuesday with a vision of how to reform Fannie Mae and Freddie Mac and the future of housing finance. American Banker editors discuss how the White House’s involvement is likely to influence the debate.

Cardtronics has continued its acquisitions spree with a deal to acquire Cardpoint Ltd., an operator of 7,100 ATMs in the U.K. and Germany, for $153 million cash, representing the ATM giant's first foray into Continental Europe.

The lower profits and new fees banks predicted when the swipe fee cap on debit cards was initially proposed never came to fruition. Why believe them now?

Farmers & Merchants Bank of Long Beach (FMBL) in California has hired a chief operating officer.

Farmers & Merchants State Bank in Archbold, Ohio, has agreed to buy a branch from Croghan Colonial Bank in Fremont, Ohio.