Banking

Heartland BancCorp in Gahanna, Ohio, has raised $5.4 million in a private placement.

Calvin B. Taylor Bankshares in Berlin, Md., has named professionals from the hospitality and accounting industries to its board.

WSFS Financial in Wilmington, Del., has hired Kevin Thompson as chief financial officer. He succeeds Steve Fowl, who in the first quarter became CFO of Seacoast Banking in Stuart, Fla.

BankUnited expects to receive about $393 million in proceeds from the offering. It plans to use the proceeds for general corporate purposes, including investments in and advances to its bank subsidiary.

Customer expectations for digital are a moving target, and banks and their vendors are quickly trying to figure out which products and services to add next.

WASHINGTON — The Federal Deposit Insurance Corp. reissued a document on Friday that clarifies when a deposit is considered brokered.

The $610 million-asset company named Tim Schools president and CEO of both the holding company and Highlands Union Bank, pending regulatory approval.

The Dodd-Frank Act was supposed to end the regulatory advantages that came from holding a thrift charter. But in the case of USAA, it hasn't worked that way.

Centrue Financial in Ottawa, Ill., has named a new chairman, after its longtime chairman resigned for health reasons.

The state-owned Bank of North Dakota has approved a plan to provide $300 million in loans to farmers hit by low commodity prices or crop production.

Bank Leumi's conservatism helped it stay profitable during the financial crisis. The bank, a unit of Leumi Group in Israel, is ready to get more aggressive in areas such as technology lending.

Royal Banks of Missouri in University City has agreed to buy Frontenac Bank in Earth City, Mo.

Peoples Bancorp of North Carolina in Newton has been hit with an enforcement action related to its compliance with anti-money-laundering laws.

While national mortgage fraud risk is on the decline, here's a look at six markets where loan defects are rising.

Scott Kavanaugh, CEO of First Foundation Bank in Irvine, Calif., talks about running a startup bank during the financial crisis. The drought in de novos will likely continue because of high compliance costs, he said.

Quadriga Fintech Solutions Corp., a Canadian bitcoin exchange, is launching a blockchain innovation research lab to build new payments and financial services technology.

Hilltop Holdings in Dallas has rebranded its securities unit as it prepared to combine two broker-dealer businesses it picked up from a recent acquisition.

A class-action settlement filed late Thursday awarded $59 million to tens of thousands of New Yorkers who had their bank accounts frozen and wages garnished in an illegal collection scheme.

Industry advocates say Consumer Financial Protection Bureau curbs on arbitration will eliminate a favored legal option, but where's the evidence that banks really prefer arbitration?

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