Retail & Commercial

The elections on Nov. 6 mostly delivered the status quo, but raised a host of questions about how lawmakers will tackle the fiscal cliff, big bank breakups and housing finance reform.

Heritage Oaks Bancorp's (HEOP) chief financial officer has resigned and the Paso Robles, Calif., company has named an interim replacement.

Matt Wagner, the CEO of PacWest Bancorp in Los Angeles, turned a hostile bid into a deal with First California, and Wall Street seems to like the expected payoff.

The New Jersey company, which had a disappointing third quarter, also entered into a written agreement with the OCC recently. The regulatory order will likely delay plans for the mutual holding company to pursue a second-step conversion, leading some analysts to peg Roma as a good acquisition target.

Proposed legislation that encourages utility companies to report positive payment data is just one way to improve underserved consumers' access to high-quality credit products they can truly afford.

A breakdown of M&A announcements in the financial services industry for the week ended Nov. 3.

Central Pacific said in a regulatory filing Tuesday that the Federal Deposit Insurance Corp. had lifted a memorandum of understanding that obligated the $4.3 billion-asset company’s bank to maintain adequate capital, improve asset quality, provide sufficiently for loan losses and reduce classified assets.

The $302 billion-asset bank holding company based in McLean, Va., on Wednesday unveiled Capital One 360 as the new moniker for ING Direct, which Capital One bought in February for roughly $12 billion in cash and stock.

Astoria Federal Savings expects to reopen its Coney Island branch on a limited basis Wednesday to allow customers to view their safety deposit boxes.

Payments provider Elavon will use Ingenico's new Telium2 series countertop and wireless terminals for its customers in the U.S. and Puerto Rico.