Retail & Commercial

Summit CU has opened what it is calling an "Inspiration Branch".

Revisiting the way banks, credit unions and nonbank lenders operate (and collaborate) will offer choices, protections and a path to greater financial security.

Payment technology is gaining momentum and changing rapidly. More and more places around the world are adopting unique methods of payment.

The Illinois Department of Financial and Professional Regulation has closed the $58.4 million-asset Covenant Bank on Chicago's West Side.

Lorraine Miller, MidSouth Bancorp's director of mergers and acquisitions, has added the role of treasurer, but the company says her new duties are not a signal it would stop hunting for deals.

Salisbury Bancorp (SAL) in Lakeville, Conn., said Friday that its chief financial officer is stepping down.

JPMorgan Chase's website suffered outages for a few hours on Friday. The nation's biggest bank by assets says it is researching the cause.

A Maryland legislator has introduced a bill that would open the way for the creation of a state-run bank.

PremierWest shareholders are scheduled to vote Tuesday on its proposed sale to the holding company of AmericanWest Bank. At 43% of tangible book value, some of them might be reluctant.

The arrangement is designed to give the bank some high-level mortgage expertise, but some industry observers have raised questions about the size of the $100,000 monthly fee.