Banking

Old Dominion National Bank has opened a new office in the northern Virginia suburbs of Washington and has hired five bankers to work there.

Old National Bancorp in Evansville, Ind., has agreed to pay for $79.1 million to buy 16 branches and other offices that it had been leasing.

Fifth Third Bancorp in Cincinnati will record a gain of $9 million during the fourth quarter after selling shares in the payment processor Vantiv.

More than 41% of banks have bought into hyperconvergence — a blend of integrated server, storage and networking technology that's easily managed by software — and there's no sign of its popularity letting up. PeoplesBank, a community bank in Massachusetts, is one of those that caught the bug.

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

Spanish banking giant Santander has withdrawn from the bank consortium R3 CEV, becoming the second defector from the blockchain group this week after Goldman Sachs.

Shortage of appraisers in rural areas and compensation issue force lawyers to re-consider restrictions on communications between lenders and appraisers.

With access to financial transaction data under threat by hurdles imposed by certain financial institutions, it should be up to consumers to decide how their data is used to improve their financial well-being.

Sun Bancorp in Mount Laurel, N.J., the $2.1 billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec. 31.

Johnson, 54, will succeed her father, Edward "Ned" Johnson, as chairman of the family-run firm in early December.

ACNB Corp. in Gettysburg, Pa., is planning to enter Maryland with its agreement to buy New Windsor Bancorp in Taneytown, Md.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Apple Pay gets a boost from USAT's marketing; R3 looses banks; cross-border mobile money advances in Africa; Cardtronics wins a big cruise ATM contract.

Mobile apps that allow consumers to control their payment cards are becoming more popular as banks use payment security as a way to build customer relationships.

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime residential mortgage-backed securities in 2006 and 2007.

Independent Bank Group in McKinney, Texas, has agreed to buy Carlile Bancshares in Fort Worth, Texas.

As more Chinese citizens travel abroad, payment companies are lining up new products and collaborating with third parties to reach the growing market.

Bridge Bancorp in Bridgehampton, N.Y., is looking to raise $50 million by selling common stock.

Cody Wilson, inventor of the world's first 3D-printed handgun, has struggled to keep his radical business going after banks and payments companies repeatedly cut him off. His story offers an unusually detailed window onto the dynamics of de-risking.

Barclays is responding to consumer expectations of a smooth mobile experience in all venues by adding technology at ATMs.

The Consumer Financial Protection Bureau filed a lawsuit Monday against a Maryland company that allegedly targeted victims of lead paint poisoning and got them to sign away future settlement payments for immediate cash at a deep discount.