Retail & Commercial

The $133 million-asset Jefferson Bancorp said Monday that it had acquired 10 branches from Carrollton that will operate under the Bay Bank name. The company has $480 million in assets and 22 branches around Baltimore.

The law firm Proskauer has lured a veteran lawyer/investment banker from UBS.

Bank of Hawaii in Honolulu missed its first-quarter earnings estimates as interest income fell.

The introduction of more private, risk-bearing capital to housing finance should expand homeownership possibilities.

The C-1 electric car is an inventive vehicle, built by a company with an inventive marketing strategy and an inventive way of accepting payments.

When PayPal begins distributing the EMV-chip card version of its PayPal Here mobile card reader in the U.K. this year, it will follow a pattern the eBay unit established in the U.S. of targeting a narrower market than its rivals do.

Banks have to reconsider how their customers are using mobile technology, branches and ATMs, and successful companies will create an "integrated multichannel experience," says Bank of the West's Andy Harmening, a senior executive vice president and regional banking group head. He spoke to American Banker at the annual Best Practices in Retail Banking Symposium.

Regulators seized two banks in Florida, and one in Kentucky, in a trio of failures Friday.

Aided by improved asset quality, lower expenses and increased fee income, Park National in Newark, Ohio, said Friday that it earned $20.7 million, or $1.34 per share, in the first quarter, easily beating consensus analysts' estimates.

The troubled Metropolitan Bank Group in Chicago has been ordered by the Federal Reserve not to boost the pay of its directors or officers without the Fed's permission.