Banking

Given the importance and huge upside of success, the risk of disappointment in a firm's diversity and inclusion efforts must be continuously confronted and overcome.

SunTrust Banks Inc., Georgia's biggest lender, agreed to a $65 million settlement with Freddie Mac covering refunds for faulty mortgages.

Cardtronics' subsidiary Cardtronics USA has purchased the ATM assets from CGI, adding 1,000 merchant-owned ATMs to Cardtronics' U.S. fleet.

De-cluttering has become the name of the game with bank web sites recently. The un-answered question is whether these moves will merely make them more attractive or provide a competitive edge in opening new accounts and retaining existing customers. American Banker tech reporters discuss the trend.

A former executive at a Norfolk, Va., bank has been sentenced to eight years in federal prison for his role in the fraud that led to the bank's collapse.

Several political candidates have begun accepting bitcoins for campaign contribution—but the future of this practice hinges on a Federal Election Commission decision coming by October 28.

FARMINGDALE, N.Y. – Teachers FCU opened its 25th branch – and first in Nassau County – in Merrick, signaling a new marketing push for New York’s second-largest credit union.

FAIRBORN, Ohio – Wright-Patt CU has acquired the 137,000-square-foot former Computer Sciences Corp. building in nearby Beavercreek for $22.75 million and plans to relocate its headquarters there.

The $18 billion-asset company said late Tuesday it has acquired certain assets and liabilities from Surety Financial Services in Sherman Oaks, Calif. The companies did not disclose the terms or specify the assets that were transferred.

The $2 billion-asset company said Tuesday that it had fully redeemed the $20.5 million in preferred shares issued through the program. Park Sterling funded the redemption with a payment from its bank.

Bridge Bancorp (BDGE) in Bridgehampton, N.Y., is planning to raise at least $25 million in a public stock offering to support its purchase of FNBNY Bancorp in Merrick, N.Y.

The $356.6 million-asset company issued 2.8 million shares of common stock to investors at a purchase price of $1.00 per share.

David Matson will serve on the board's asset and liability committee and on its newly created risk management committee, according to First BanCorp's Tuesday filing with the Securities and Exchange Commission.

James Mackey will become executive vice president and CFO of the government-sponsored enterprise the week of Nov. 11, Freddie announced Monday.

With nearly 140 banks and a forecast for sluggish growth in the next decade, the city should be primed for consolidation. One big problem: few bankers seem interested in selling.

Carol Galante, the Federal Housing Administration's commissioner, sought to clarify the agency's plans for a government shutdown on Tuesday, emphasizing that it will continue to endorse single-family loans during the shutdown in contrast to earlier reports.

The Utah bank learns about the behaviors and preferences of the Spanish and Asian populations in its footprint by mining a plethora of data sources.

The $656 million-asset company will sell up to $25 million of common stock in a public offering, according to a Monday filing with the Securities and Exchange Commission.

The Federal Reserve Board has ordered Trinity Capital Corp. in Los Alamos, N.M., to improve its capital position.

JPMorgan Chase (JPM) is launching a new program called Mission Main Street Grants to support small businesses, with help from Google.