Banking

Heritage Oaks Bancorp in Paso Robles, Calif., has revamped its audit committee after discovering it broke Nasdaq rules.

CurrentC, the retailer-backed mobile-payment system touted as an alternative to Apple Inc.'s platform, was hacked during a test of the technology, resulting in some e-mail addresses being stolen over the past 36 hours.

Valley National Bancorp in Wayne, N.J., reported higher earnings driven by loan growth, lower costs and improvements in credit quality.

Soaring student loans and the reluctance of Millennials to own houses and cars threaten to define the entire generation and put them behind - as a whole - throughout their lives, a chief economist at Equifax said.

S&T Bancorp in Indiana, Pa., has agreed to buy Integrity Bancshares in Camp Hill, Pa.

About 60% of the first cards loaded onto Apple Pay are Visa cards, and the card network plans to build on this beginning in an aggressive mobile commerce strategy, according to CEO Charles Scharf.

BBCN Bancorp in Los Angeles has added three directors, including a consultant well-versed in anti-money laundering regulation.

While banks almost universally offer mobile services, such as smartphone apps or mobile-friendly websites, their customers have been slow to use them, according to an American Banker/SourceMedia Research white paper.

Credit unions can and should “re-imagine” their branches to drive growth, according to a new white paper.

Because of the conflicting messages from providers of mobile payments, consumers are not yet sold on the possibility that they can use apps to replace their plastic cards.

WesBanco in Wheeling, W.Va., has agreed to buy ESB Financial in Ellwood City, Pa.

WASHINGTON — A smaller percentage of U.S. households in 2013 were unbanked compared with two years earlier, just as less traditional financial services products such as prepaid cards grew in usage among those without a bank account.

Bank of Sun Prairie in Sun Prairie, Wis., has a new chief executive.

New Hampshire Thrift Bancshares in Newport has raised $17 million by issuing subordinated debt to certain investors.

The Detroit lender gave a favorable outlook on credit losses despite the fact that it expects a decline in used-car prices.

In a surprise victory for mortgage servicer PHH Corp., a California judge overturned a $16.2 million jury verdict awarded to a California homeowner in July for a botched loan modification.

Hanmi Bank in Los Angeles has hired executives to expand its customer base in Texas and Illinois.

Bank of the Carolinas in Mocksville, N.C., appointed Harvey Glick as chairman.

At least 10 large banks, including Bank of America, Citigroup and Wells Fargo, have raised more than $18 billion in programmatic capital since early last week. Tier 1 shortfalls, the end of earnings season and heightened market demand for bank issuances are among the reasons for the transactions.

Cullen/Frost Bankers in San Antonio reported increased quarterly earnings that reflected a significant reduction in credit costs.