Banking

Cecil Bancorp (CECB) in Elkton, Md., plans to deregister its common stock from the OTC Bulletin Board and stop reporting to the Securities and Exchange Commission.

Fred Joseph retired from overseeing banks and securities firms last month. In a wide-ranging interview, he reflected on his career and provided perspective on the future of the banking industry.

Alabama State Employees Credit Union has filed the first class action lawsuit by a financial services company against Target Corp. over costs from the massive card security data breach the retailer suffered from Black Friday to mid-December.

Under Fincen's March 2013 guidance, companies that transmit virtual currency must register as money services businesses. De Castro was unsure whether his investment company would be treated the same way. According to the letter from Fincen, its rules are not meant to apply to De Castro's business.

Central Valley Community Bancorp in Fresno, Calif., has redeemed $7 million of preferred stock issued to the Treasury Department under the Small Business Lending Fund.

Bank-focused investment firm Jacobs Asset Management has bought a 5.25% stake in LCNB (LCNB) in Lebanon, Ohio.

So far, the big mortgage servicers have received stellar report cards for their compliance with the $25 billion national settlement. That could change this year as testing gets tougher -- potentially costing these companies further embarrassment and penalties.

Delmarva Bancshares in Cambridge, Md., has raised $11 million through a private placement.

PacWest Bancorp (PACW) in Los Angeles will take a $12 million after-tax charge in the fourth quarter because of stock awards connected to its pending acquisition of CapitalSource (CSE).

The telecom company, like its rival Verizon, would like banks to use its network for mobile banking services such as identity verification. And in a surprising vision, it sees the major carriers all working together one day to provide joint mobile services.

The state had a dozen deals last year as foreign investors looked to expand, particularly in the Miami area.

The virtual currency has the potential to serve as collateral for loans, but creditors are likely more concerned with restricting borrowers’ Bitcoin use due to the regulatory uncertainty, irreversible payments, volatile exchange rates and the system’s anonymity.

Wilshire Bancorp (WIBC) in Los Angeles announced several changes to its board Tuesday.

River Valley Community Bank in Yuba City, Calif., has named John M. Jelavich as its new president.

Fred Joseph retired from overseeing banks and securities firms last month. In a wide-ranging interview, he reflected on his career and provided perspective on the future of the banking industry.

A former bank director accused of spearheading a massive investment scheme was arrested after a year and a half on the lam.

As more payments companies seek the next big thing, they are finding that mobile payments tech is due for a makeover, and a lot more attention surrounds digital currency such as Bitcoin.

A mentoring approach, like the one BNP Paribas' L'Atelier unit takes with technology startups, can give banks a lead on innovative ideas without the risk of a capital investment

New regulatory guidance threatens deposit advances.

More bank executives—a lot more—say they're ready to throw in the towel.