Banking

First Internet Bank (INBK) in Indianapolis raised $29.1 million through a public offering.

Heartland Financial USA's unusual acquisition of Freedom Bank in Sterling, Ill., seems to be more about collecting on a debt than strategic M&A. Such moves are uncommon but have happened in the last few years — and they can work.

Financial planning firm Waddell & Reed is partnering with BOK Financial (BOKF) to provide expanded trust services to its clients.

BillGuard, a fraud-flagging startup, is adding analytics and savings add-ons to its iPhone app, according to TechCrunch.

The Senate Banking Committee is making progress toward drafting legislation to overhaul the mortgage finance market, but one of the biggest unresolved issues is how much skin in the game private market participants must have in return for a government guarantee.

In a letter to servicers, a top CFPB official requests that student loan servicers show the options they've made available to borrowers who want to make extra payments on their loans.

The community development group Boston Community Capital is urging lawmakers to extend the Mortgage Forgiveness Debt Relief Act before it expires at the end of the December.

National Bank & Trust (NB&T) has launched a mobile app designed to teach young children about setting up savings goals, keeping track of their accounts and other money concepts.

Atlantic Coast Financial Corp. (ACFC) in Jacksonville has priced its public offering at a slight discount to its trading price.

Check, a personal financial management (PFM) company that lets users link accounts and pay their bills, found a unique use for its data gathering tools: evaluate how the government shutdown impacted consumers' spending patterns.

PNC's new video ads, which air on websites like Hulu, are targeted to viewers based on lifestyle and, it is hoped, will gain the Pittsburgh bank more customers.

Commercial loan officers must use judgment in discussions and email exchanges with property moguls, whose lawyers will construe statements and written correspondence in a way most favorable to the borrower.

JPMorgan Chase & Co. (JPM) should turn over a draft complaint used as the lender negotiated a $13 billion deal to settle probes of its mortgage-bond sales and identify an employee who cooperated with the U.S. investigation, according to lawyers for a Pennsylvania bank.

The small-dollar lender First Cash Financial Services (FCFS) has agreed to buy a 12-store pawnshop chain in the Charleston, S.C., area.

State Bank Financial CEO Joe Evans has hired an ex-colleague, fund manager David Brown, to help lead the next stage of the Atlanta bank's M&A strategy.

The short-term consumer loan product will either have to be overhauled or ditched in the wake of new regulatory guidance.

The chief financial officer of Eagle Bancorp Montana (EBMT) in Helena, Mont., is stepping down to pursue another opportunity.

When Isis launched its mobile wallet nationwide in November, it also launched new technology for customers who want to use their phones instead of cards or cash to pay at the checkout counter. Reporters from American Banker and PaymentsSource tested the new technology and share their findings.

The heads of U.S. Bancorp (USB) and Bank of America (BAC) have been re-elected to the board of The Clearing House, a payments company and trade group owned by the largest U.S. banks.

Utah-based Ally Bank has expanded its use of Fiserv's Popmoney person-to-person payments service. It now lets consumers send and receive funds from within the bank's mobile banking app.