Retail & Commercial

Suffolk Bancorp in Riverhead, N.Y., posted higher second-quarter profit as it recorded a credit for its loan-loss provision and a decline in operating expenses.

First Community (FCCO) in Lexington, S.C., said it could use the $15 million it raised through a common stock offering to exit the Troubled Asset Relief Program.

The shift to EMV chip-card technology over the next few years could trigger other organizational problems for U.S. banks and merchants.

HONOLULU – HawaiiUSA FCU plans to open a new Maui branch inside the Times Supermarket store in Kihei this week.

The Olympics and other attractions are not just proving grounds for athletes — stadiums, amusement parks and concert halls provide the perfect conditions to test new payment technologies.

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CEO Jamie Dimon named Matt Zames co-chief operating officer on Friday, igniting speculation that Zames could be a leading candidate to succeed him … some day.

Regulators in Georgia closed the $217 million-asset Jasper Banking, which became the industry's 39th bank to fail this year.

The Treasury Department did not sell some of the preferred shares it owns two community banks as planned after it received insufficient bids for the securities.

Chicago has become the second U.S. city to participate in MasterCard Worldwide’s Priceless Cities campaign.