Retail & Commercial

Hudson Valley Holding Corp. in Yonkers, N.Y. , has named Michael Indiveri its chief financial officer.

Regions Financial has wrapped up a tender offer to lower its debt expense. The company said Monday that it plans to retire $350 million worth of 2014 bonds on which it pays a 7.75% interest rate.

First Merchants is buying CFS Bancorp in a deal that would create a $5.6 billion-asset Indiana bank.

Institutions with at least $10 billion of assets approved 16.8% of loans between $25,000 and $3 million in April, up from 15.7% in March and 10.6% a year earlier, according to an index published Friday by Biz2Credit.

Typically, I don't cover or analyze so-called payments innovations that merely embrace and extend the legacy infrastructure, but a new middleware startup, CardFlight, could actually operate as a payments "air traffic controller" because its code sits directly between the consumer and the processor.

The gradual erosion of net interest margins and a compensatory shift toward risky new lending strategies for additional yield is a major factor for high chargeoffs and community bank failures.

JPMorgan Chase's leading directors urged shareholders to reject calls for Jamie Dimon to relinquish his dual role as chairman and chief executive officer, saying it "could be disruptive" and against the best interests of investors.

Simon Haslam is becoming president and CEO of Elavon at a time of extreme stress for payments processors, which face nimble competitors, new payment standards and high-profile security risks.

Regulators on Friday seized two banks owned by the $1.6 billion-asset company. The failures could tangle the Lansing, Mich., company in what the Federal Deposit Insurance Corp. calls the cross-guarantee liability, meaning that the agency has the ability to charge Capitol's nine surviving banks with the cost of the failures.

BankUnited handed out free ice cream and metro cards at its new Manhattan branches to build branch recognition.