Banking

The $3.8 billion-asset First Busey said in a press release Thursday that it will pay $210.7 million, or $17.24 a share, in stock for the $1.5 billion-asset Pulaski.

Athens Bancshares in Tennessee has decided to delist its stock from Nasdaq and deregister with the Securities and Exchange Commission.

Since consumers have been able to lock in historically low rates, the monthly payment on a 30-year fixed-rate mortgage has been within reach for most borrowers. That could change with a rise in interest rates.

Flagstar Bancorp in Troy, Mich., has picked Andrew Ottaway for the newly created position of managing director of lending.

The $1 billion-asset Charter said in a press release Thursday that it will pay $58.8 million, or $20.50 a share for the $369 million-asset parent of Community Bank of the South.

Goldman Sachs is seeking to create its own cryptocurrency for post-trade settlement, according to a recently released patent filing.

The $140 million-asset company said in a press release Thursday that Martin May would also become its president.

The price hike represents a significant shift in strategy for the company, which has frequently touted its pro-consumer bona fides.

Huntington Bancshares in Columbus, Ohio, has brought on industry veteran Tom Wirth to fill the newly created position of auto finance product and strategy director.

The CFPB took action Thursday against a nationwide credit reporting company and its owner for allegedly illegally obtaining consumer credit reports.

ChoiceOne Bank in Sparta, Mich., has appointed Bradley Henion chief lending officer.

So-called containers can lessen the IT workload and help companies bring applications into the cloud. New security and management tools, like automatic patching, are bringing containers into the mainstream.

The small bank was the only institution to bid on a contract to process cash payments to the Illinois Department of Revenue. Executives are eager to collect fees without feeling compelled to make loans or hold deposits for the controversial industry.

A bank goes pink to attract women, Blythe Masters sticks with her startup despite a big Barclays offer, Sallie Krawcheck reflects on life as an entrepreneur, Ana Botin talks strategy and Margaret Keane offers leadership advice. Plus some Barbie news.

There are still significant problems in the credit card market despite a 2009 reform law that curtailed billions of dollars in unexpected fees, the Consumer Financial Protection Bureau said in a report Thursday.

WASHINGTON — Small banks are being crushed under the weight of regulations associated with the Dodd-Frank Act, Federal Reserve Chair Janet Yellen acknowledged Thursday, but regulators are working to reduce that burden.

Fifth Third Bancorp in Cincinnati plans to record a large fourth-quarter gain after selling shares in payment processor Vantiv.

Live Oak Bancshares in Wilmington, N.C., has exited the Small Business Lending Fund.

The operators of a business directory scam allegedly sent collection warnings demanding more than $2,000 for unwanted listings and posed as a third-party collection agency.

Contrary to industry representatives' opinion, overdraft rules are necessary for a service that has become a revenue driver for banks.