Banking

Union Bankshares in Richmond, Va., has agreed to buy Old Dominion Capital Management in Charlottesville, Va.

Delaware, whose business-friendly laws have lured more than half the country's publicly traded corporations and more than 60% of the Fortune 500 to incorporate in the state, is now vying to become a hub for blockchain technology.

Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in the agency's case alleging that PHH Corp. accepted illegal kickbacks.

DNB Financial in Downington, Pa., has agreed to buy East River Bank of Philadelphia.

Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in its case against PHH Corp.

The $1.3 billion-asset Westfield said in a press release Monday that it will pay $110 million, or $20.42 a share, in stock for the $800 million-asset Chicopee.

As they look to cut costs, banks are looking across the globe for cheap spots to host parts of their operations. A new report identifies the best back-office bargains.

United Community Banks in Blairsville, Ga., has agreed to buy Tidelands Bancshares in Mt. Pleasant, S.C., for $2.2 million in cash, or 52 cents a share.

"In Northwest Arkansas there are a lot of banks with similar names," Chairman Jon Harrell said in a news release about the rebranding, which includes a new logo and signage. "We wanted a name that would stand out and at the same time it was important to us to not lose sight of our roots."

R3 CEV, the blockchain consortium backed by some of the largest global banks, has partnered with Microsoft to accelerate the deployment of distributed ledger technology.

Bankers are increasingly turning to their compliance teams to gain insights about customers for business purposes. Compliance officers, meanwhile, are turning to technology to fulfill their heightened roles.

Several banks have recently purchased highly visible properties in strategically important markets, investing in real estate at a time when the industry is closing branches at a record pace. Low rates may be a factor, but many bankers are also trying to send a message to clients and prospects.

When your members spend their days coding at Intel or developing the next big mobile app at tech startup, you can’t afford to take a wait-and-see approach to technology.

The agency's insurance-rate cut could spur the rehab of thousands of affordable units, but it's far from a total solution, housing advocates say.

Third Federal Savings and Loan in Cleveland has long offered mortgage refinancing in New Jersey, Pennsylvania, Maryland, Virginia and North Carolina. Now it plans to offer purchase loans in those states.

JPMorgan Chase has agreed to sell its U.S. Department of Agriculture Rural Development mortgage origination business to Freedom Mortgage of Mount Laurel, N.J.

Recent devaluations of startups and other signs of trouble do not mean the end of fintech upheaval but rather the start of acquisitions and other repositioning to advance stability.

First Financial in Terre Haute, Ind., has sold its insurance brokerage unit to USI Insurance Services in Valhalla, N.Y.

Hammond-Henry Hospital in Geneseo, Ill. filed a seven-count lawsuit in Henry County (Ill.) Circuit Court alleging breach of contract by collection agency Allied Business Accounts, doing business as Health Care Billing Services.

The FTC has published a reminder to debt collectors about Fair Debt Collection Practices Act compliance risks created by the use of social media or text messages in connection with debt collection efforts.