Retail & Commercial

InterContinental Hotels Group announced a multi-year agreement with MasterCard to be the exclusive payment network for its hotel loyalty rewards consumer credit card portfolio in the U.S.

The long-delayed merger between First California Financial Group (FCAL) and Premier Service Bank (PSBK) has been called off.

BEAR, Del. – Community Powered FCU announced the opening of its new office and headquarters building here.

Porter Bancorp (PBIB) in Louisville, Ky., has turned to Sandler O'Neill to help it recapitalize after another quarterly loss.

One PacificCoast Bancorp (OPCB) in Oakland, Calif., has agreed to buy a controlling stake in Albina Community Bancorp (ACBC) in Portland, Ore.

Capital Bank Financial (CBF) of Coral Gables, Fla., marked its first full quarter as a public company with an increase in profits that fell short of expectations.

The Competitive Enterprise Institute and the 60 Plus Association are urging the Senate to delay confirmation of Richard Cordray, director of the Consumer Financial Protection Bureau, until the implications of a recent federal court case are better understood.

Tougher on banks than on debt buyers, the FTC found banks and other creditors bear responsibility for selling consumer debts with scant documentation. Possibly erroneous records are a "significant" concern.

Sales of loans lifted Third Federal Savings & Loan Association (TFSL) in the company's fiscal first quarter.

Many of the changes, which were outlined late last year in the FHA's annual report to Congress, will raise the cost of home loans for consumers.