Banking

The Federal Deposit Insurance Corp. took action against 10 banks in September and released 13 from enforcement actions.

Chemical Financial Corp. (CHFC) in Midland, Mich., said Monday that its third-quarter earnings rose 14% from the same quarter last year, to $15 million, thanks largely to revenue gains generated by its acquisition of 21 Independent Bank (IBCP) branches in December 2012.

Bank of America Merrill Lynch's first pilot client, USI Insurance, has successfully used the file-based electronic bank account management (eBAM) system the bank offers.

Some products offered by bank technology company Fundtech now include counter-fraud tools by ACH Alert.

Industry observers are bracing to see whether the cost of international wire transfers will skyrocket once a new Consumer Financial Protection Bureau rule goes into effect starting today.

A survey conducted by Treasury Strategies, sponsored by Wausau, uncovered much bellyaching by banks’ corporate clients about account opening and other processes they find needlessly complicated.

Carrollton Bancorp in Lutherville, Md., is changing its name to Bay Bancorp.

The New York bank has subscribed to SAP’s Financial Services Network, which lets banks’ computers communicate directly with their corporate customers’ systems.

LCNB Corp. (LCNB) in Lebanon, Ohio, has agreed to buy Eaton National Bank & Trust in Eaton, Ohio, for $24.8 million in cash.

New York City's Department of Consumer Affairs on Friday filed a complaint to ban National Credit Adjusters LLC, a Hutchinson, Kan.-based collection agency, from operating in the city.

ST. JOSEPH, Mich. — Honor CU, fresh off its acquisition of $80 million SIR FCU and its three branches, has agreed to buy the Decatur, Mich., branch of St. Joseph-based Edgewater Bank, along with 850 customer accounts and $14 million in assets.

Reliance Bancshares in St. Louis was headed toward potential failure when a semi-retired banker, Tom Brouster, stepped in as an investor. Executives broke down their challenges into manageable tasks, focused intently on cleaning up bad loans and are now ready to start lending and pursuing M&A, he says.

The $493 million-asset company bought back its remaining shares for $3.1 million, a 1% discount, it announced Monday.

Legacy Bank of Florida in Boca Raton raised $1.7 million in the third quarter, but remains short of the capital levels required by a regulatory consent order.

Bank of Hawaii Corp. (BOH) in Honolulu reported a dip in quarterly earnings as revenue from mortgage banking plunged 65%.

A New Zealand bank wants anybody interested to take a tour of its headquarters - from a distance.

Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell more than $330 million of the company's stock.

U.S. Bancorp, the fifth largest commercial bank in America, announced Monday it will make available a mobile photo balance transfer feature in November.

U.S. Bancorp (USB) in Minneapolis has named a new head of its asset management business for wealthy clients.

Payday comes every Friday.