Banking

Malvern Bancorp in Paoli, Pa., has entered a partnership with Bell Rock Capital in Delaware to offer wealth management services.

COLUMBUS, Ohio—Telhio CU has purchased a former Huntington Bank branch here for $2.5 million, with plans to renovate and move in by early 2016.

Central Valley Community Bank in Fresno, Calif., plans to report a fourth-quarter loss because of a hefty chargeoff of commercial loans.

Online lending marketplaces claim that they will revolutionize the financial services industry. But financial companies need a lot more than high-tech prowess to achieve sustained success.

Nationwide the number of bank branches fell by about 1.7% last year. But some cities and states were hit harder than others, according to data from the Federal Deposit Insurance Corp. and research firm BankRegData.

The San Francisco bank will lend to more borrowers with weaker credit histories, an official at the bank said. Bank of the West, a BNP Paribas subsidiary, has proven to be more aggressive than U.S. peers in the past.

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National Commerce in Birmingham, Ala., is looking to raise $50 million through an initial public offering.

Even is building a mobile money-management service for baristas, Lyft drivers, freelancers and others with unpredictable incomes. For $5 a week, users can draw advances on paychecks during rough patches.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Government investigations of auto lending are beginning to pile up, and they are weighing on investors' perceptions of the fast-growing industry.

Huntington Bancshares in Columbus, Ohio, has sold an office in the city to Telhio Credit Union for $2.5 million.

JPMorgan Chase & Co. reached a preliminary settlement to pay $500 million to resolve a lawsuit over $17.6 billion of faulty mortgage-backed securities issued by Bear Stearns.

A group of hackers calling itself Rex Mundi will release client data stolen this week from the Banque Cantonale de Geneve today unless they get 10,000 euros ($12,000), a ransom the bank said it won't pay.

A San Diego-based debt collector has agreed to pay $675,000 in civil penalties and give up $18 million won in court fights against 4,500 consumers, New York Attorney General Eric Schneiderman said Friday.

Until last April, the young adviser now at the center of Morgan Stanley's massive client data breach was a sales assistant who spent the majority of his career under the tutelage of one the firm's wealth management teams.

By targeting construction lending, 1st Financial Bank USA aims to expand beyond its hefty concentration in credit card loans while entering a business segment that has shrunk mightily since the financial crisis.

Debt-buying giant Encore Capital Group Inc. agreed Friday to settle claims that it used improper collection strategies in New York, including obtaining judgments against consumers for debts that were too old to collect.

As with any marriage, banks that forge alliances with tech companies need to make sure they really know their partners. They may also want to consider a prenup.

Kofax, a financial technology company in Irvine, Calif., on Thursday released a product that allows lenders to capture and process electronic signatures.