Retail & Commercial

A consortium of Mexican investors led by former Banco Popular executive Roberto Herencia has completed its recapitalization of Metropolitan Bank Group in Chicago, Crain's Chicago Business reported.

FNB United in Asheboro, N.C., announced Friday that its planned name change to CommunityOne Bancorp will take effect Monday.

The Charlotte bank said Friday that the job cuts, which were first reported by the Charlotte Observer, came from various businesses and occurred as part of a streamlining.

Capital One's new Quicksilver card is the latest example of a company offering generous rewards in an effort to win over more affluent consumers.

Mary Lynn Lenz, who recently became CEO of Foothills Bank, was involved with the 2010 sale of Professional Business Bank in California.

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

A veteran banking regulator has been promoted to become the commissioner of Georgia’s Department of Banking and Finance.

Sussex Bancorp in Franklin Lakes, N.J., plans to sell up to $7.2 million in common stock, offering 1.2 million shares to current shareholders at a price of $6 per share.

Birch Coffee has used Square's mobile card reader for its delivery service for about two years, and was one of the first to switch to the new Square Market e-commerce site ahead its launch.

Despite a drop in truth in lending lawsuits, industry executives fear that new regulations and the emergence of the Consumer Financial Protection Bureau could prompt a revival in disclosure-related lawsuits.