Retail & Commercial

The Federal Deposit Insurance Corp. took seven enforcement actions and freed 13 banks from orders in June, according to a list of regulatory actions released Friday.

InsBank in Nashville, Tenn., has created a division that will focus on serving physicians.

State laws requiring money-transmitter licenses have raised the barriers to entry for startups trying to compete with banks and entrenched companies like PayPal. But by keeping out smaller, more nimble payments companies, state regulators could affect the banking industry's long-term innovation and growth.

The use of social media channels promotes transparency, enhances customer service and helps establish a senior bank executive as the most accurate and trusted source of company information.

SVB Financial Group (SIVB) in Santa Clara, Calif., benefited from higher lending income and investment gains last quarter.

Quarterly profit of Investors Bancorp in Short Hills, N.J., rose 20%, as acquisitions led to higher lending income.

U.S. Century Bank in Doral, Fla., has postponed a shareholder vote on a $50 million capital injection.

Bank of Marin Bancorp in Novato, Calif., has completed its search for a new chief financial officer.

TAMPA, Fla. – Grow Financial FCU will open a new branch in Wesley Chapel that will feature interactive tellers.

Investors have been pressuring Hancock Holding (HBHC) in Gulfport, Miss., to speed up cost cuts after its $1.5 billion purchase of Whitney Holding in 2011. Second-quarter results strengthened their case.