Retail & Commercial

The Office of the Comptroller of the Currency has released PVF Capital's (PVFC) bank unit from an enforcement order after the Solon, Ohio, bank met capital requirements.

Hampton Roads Bankshares finds itself between a rock and a hard place. As a Tarp participant, it has refused to pay severance to several former executives. Several of those officers, including former CEO Jack Gibson, filed lawsuits asserting that their employment contracts preempt the Tarp prohibition.

The Bank of Birmingham in Michigan has joined an increasing group of bankers delving into equipment financing, saying it will offer financing on "most equipment types" such as manufacturing and transportation.

With their "Project Oscar" mobile payment joint venture remaining uncertain because of a regulator's investigations, major European telcos are turning to traditional payment companies to get back in the mobile payments game. MasterCard's new five-year agreement with Everything Everywhere is a case in point.

Naugatuck Valley Financial (NVSL) in Connecticut is expecting to record its third consecutive quarterly loss after writing down roughly $5.3 million on five loans during the current quarter.

BB&T Insurance Services in Raleigh, N.C., has added supplemental unemployment insurance to its online product offerings.

USA Technologies has added a Web service called QuickConnect, which helps developers and original equipment manufacturers use the vendor's ePort Connect platform for accepting card payments.

Peter Humphrey is immediately retiring from the bank its holding company to spend more time with family and pursue other interests.

MasterCard continued to expand its partnerships with European telcos, announcing an exclusive, five-year agreement with Everything Everywhere to develop mobile and digital payment applications.

A breakdown of M&A announcements in the financial services industry for the week ended August 25.