Retail & Commercial

Gregory Mitchell, who left First PacTrust Bancorp last month, has joined First Tech Federal Credit Union as president and CEO. In a letter posted on First Tech's website, Mitchell admitted to having a credit union membership while running at least two banks.

Regulators are barring a Maryland bank holding company from paying shareholders and some creditors until it takes steps to boost capital.

American Heritage in California had been facing pressure from the OCC to diversity beyond SBA lending. Rather than reinvent itself, the bank found an eager buyer in Sterling Financial, a Spokane, Wash., company that wants to expand the SBA platform.

Straying far from home is often a mistake. F.N.B. can speak to that from a past foray into Florida. But the Pennsylvania bank says its more focused deal in Maryland will work.

Before there were phones built with near-field communication chips for payments, companies designed stickers, sleeves and memory cards to bridge the technology gap. Even as momentum builds for NFC-equipped phones, these companies say there is still an audience for add-on payment tech.

Numerica Credit Union recently held what amounts to a happy hour at its branches, except instead of cocktails, people were given $5 checks and shown how to use phones to deposit those checks.

All banks are eager to boost wallet share, but a new survey shows that many are not doing such a good job of cross-selling one of the most basic products to their checking clients.

The flood of new regulation, demands for more capital, harsh enforcement and an unexplained three-year-old de facto moratorium on de novo charters lead one to believe Washington wants fewer community banks

Ally Financial is selling its Canadian auto finance operation to Royal Bank of Canada (RBC) for $4.1 billion.

Strong deposit and loan growth fueled third-quarter income at Signature Bank (SBNY) in New York.