Banking

Banner Corp. in Walla Walla, Wash., has lowered its fourth-quarter profit due to an adjustment to the its provision for income taxes.

The Federal Deposit Insurance Corp. issued five consent orders in December, according to the agency's most recent summary of enforcement actions.

Bank of America is following Wells Fargo by putting out for sale the last of its federally guaranteed student loans. The move should be positive for the bank, and in theory it may even have a chance to again reap returns tied to the loans, but without bearing all of the risk.

More than a decade after spearheading the direct banking model of offering high-yield savings accounts exclusively online at ING Direct, Arkadi Kuhlmann is trying to reboot international banking for the smartphone.

Three recent deals involving midsize sellers have gone far reversing regional bankers' fears of M&A. Still, the real evidence of progress must involve seeing those deals close.

U.S. Bancorp on Monday named its annual "Dynamic Dozen" list, a select group of young employees chosen to provide the $387 billion-asset company with guidance on digital banking.

Peoples Community National Bank in Bremen, Ga., has changed its name and logo.

Terry Robinson, a longtime California banker, died on Jan. 11, three days before his Manhattan Bancorp announced a proposed merger with Plaza Bancorp. Manhattan, which is operating under an OCC order, did not publicly disclose Robinson's death, or his Dec. 31 retirement, even though he played an integral role negotiating the merger.

Kentucky First Federal Bancorp is merging its two banks.

Cardtronics has renewed its automated teller machine services agreement with the convenience store chain, The Pantry.

Opus Bank in Irvine, Calif., has received regulatory approval to form a broker-dealer subsidiary that will expand its merchant banking capabilities.

By linking mobile payments with money transfers, Western Union created a new use for Apple's mobile wallet. But it must still rigidly conform to the basic requirements of an Apple Pay transaction — without a bank account, there is no payment.

A California federal judge has approved a $2.75 million settlement with USCB Inc., an accounts receivable management firm, to end allegations that the company violated the Telephone Consumer Protection Act and the Fair Debt Collection Practices Act.

BB&T in Winston-Salem, N.C., has received regulatory approval to buy Citigroup's remaining branches in Texas.

CertusBank in Greenville, S.C., lost nearly $70 million last year.

The U.S. Court of Appeals for the Eighth Circuit has reversed a District of Nebraska’s order granting class certification to a lawsuit, Powers v. Credit Management Services (CMS) Inc.

Old National Bancorp in Evansville, Ind., has agreed to sell a total of 17 branches in Indiana, Illinois and Ohio to First Mid-Illinois Bancshares and MainSource Financial Group.

The Seminole Tribe of Florida has withdrawn its agreement to buy Mackinac Savings Bank in Boynton Beach, Fla., and may instead try to open a credit union.

The Justice Department is seeking to advance a more-than-five-year probe into whether Moody's Investors Service inflated ratings during the U.S. housing boom, according to three people familiar with matter.

The Consumer Financial Protection Bureau and Financial Services Roundtable have launched a public-private initiative to promote effective financial education across the U.S.