Banking

Finally released from a long-standing regulatory order, FNBH in Michigan is looking forward to ramping its lending, expanding its capabilities in wealth management and moving forward on plans to revamp its core processing system.

California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.

Rockhold, Brown & Co. Bank in Bainbridge, Ohio, has tapped its chief financial officer to succeed Bill Hubbard as chief executive.

Some mortgage investors are refusing to buy home loans that are at risk of violations of new consumer-disclosure rules. The problem appears to be worst among nonagency jumbo loans purchased by private investors.

First Farmers and Merchants in Columbia, Tenn., promoted Brian Williams to president of both the holding company and First Farmers and Merchants Bank. The $1.2 billion-asset company also named Timothy Pettus vice chairman of the holding company and bank.

Bank innovation has tended to focus on retail customers, but expect more technology for commercial customers in the coming year as those clients deman products that are easy to use and help them run more efficient enterprises.

A well-known advocate in the consumer debt relief industry is under investigation by federal authorities in Washington, D.C. and Montana for business ties to payday lenders.

Lawmakers are requiring the Department of Education to drop a formula that gives preference to four major federal student loan servicers and instead divvy up the accounts based on performance measures.

Separate actions involved a company and an individual that resold sensitive personal data to debt collectors and lenders, allegedly exposing millions of consumers to harassment and deceit.

Banks face immense challenges trying to keep up with technology, but they also must cater to older customers with big deposit accounts who still use their branch.

For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.

First United Corp. in Oakland, Md., has named Carissa Rodeheaver chairman and chief executive.

Bay Bancorp in Columbia, Md., has agreed to buy Hopkins Bancorp in Pikesville, Md., for $23.8 million in cash.

Boston Private Financial Holdings has appointed its chief executive, Clayton Deutsch, as CEO of its bank subsidiary, Boston Private Bank & Trust.

Three banks have redeemed shares of preferred stock to make their exits from the Small Business Lending Fund.

Hancock Holding's decision to significantly raise its allowance for energy loan losses reveals that oil-related issues could last longer — and cut deeper — than what bankers had originally forecast.

IMGCAP(1)]

Banks have all the experience they need to remain relevant in the world of digital payments, but they must not sit idly by as a slew of disruptors look to snag the business.

The $4.8 billion-asset holding company for Southside Bank gave Lee Gibson the additional titles of president of both the holding company and Southside Bank.

The $560 million-asset holding company for SouthCrest Bank did not provide a reason for Kenneth Maloy's departure.