Retail & Commercial

Wayne Savings Bancshares (WAYN) in Wooster, Ohio, is exiting the trust business and transferring its $40 million of trust assets to Thomasville Bancshares in Georgia.

Visa Inc. (V) and MasterCard Inc. (MA), the biggest payment networks, are prepared to settle a seven-year lawsuit brought by retailers to cut their credit-card costs later this month, three people briefed on the talks said.

The biggest U.S. mortgage lenders, whose first-quarter earnings were buoyed by gains on home loan refinancings, are raking in more profits as record-low interest rates and government efforts prolong the boom.

Small Sacrifices app encourages customers to channel coffee and cigarette buying habits into savings goals.

Seacoast Commerce Bank (SCCB) said Thursday that it opened a second branch in the San Diego area and relocated its headquarters to that new branch.

Bank of America and Citigroup will be joining some of their largest competitors in offering customers simpler checking account disclosures, the banks confirmed Thursday.

Silicon Valley Bank in Santa Clara, Calif., has opened a new back office facility in Tempe, Ariz., that it says will eventually house nearly 500 employees.

There are legitimate reasons to want to wind down Fannie Mae and Freddie Mac. Unfortunately, we haven't stopped talking about the specious ones.

Montgomery County, Maryland, has picked five community banks to receive $10 million in county deposits. But the banks must make twice that amount in commercial loans to local businesses.

Jerome Byers, Citigroup's new head of small business banking, discusses priorities for the unit and his own past as a small-business owner.