Banking

CIB Marine Bancshares (CIBH) in Waukesha, Wis., has agreed to buy Avenue Mortgage in Naperville, Ill., CIB announced Monday. Financial terms of the sale were not disclosed.

CloudPassage, a cloud infrastructure security provider, is offering to address Payment Card Industry security standard compliance for cloud-based businesses.

Big banks are taking steps to defend themselves against cyberattacks, but regulators and policymakers want to see more progress.

Equifax announced Monday that is acquired TrustedID, a Palo Alto, Calif.-based specialist in identity protection.

AmericanWest Bank in Spokane, Wash., has agreed to sell five Pacific Northwest branches in separate transactions.

U.S. consumers kept paying down debt in the first quarter ended March 31, as household wealth rose higher than the pre-recession peak, the American Bankers Association reported Tuesday.

First Data Corp., led by former JPMorgan Chase co-Chief Operating Officer Frank Bisignano, hired the bank's former Chief Information Officer Guy Chiarello as president.

Mitek announced this morning it has been issued a U.S. patent on its application allowing consumers to transfer their credit card balances via mobile devices, which is currently being piloted at San Diego County Credit Union.

Consumer credit is showing signs of strength as Americans seek to shrug off the effects of the financial crisis, according to two sets of data released Monday.

WESTBOROUGH, Mass. – St. Mary’s CU this afternoon is holding a grand opening for a new branch it built by renovating a former Friendly’s ice cream restaurant.

JPMorgan Chase's decision to freeze much of its credit card debt collection operations ahead of regulatory actions appears to have cost it hundreds of millions of dollars.

Nasdaq has granted Broadway Financial (BYFC) in Los Angeles a six-month reprieve to raise its share price.

First Interstate BancSystem (FIBK) in Billings, Mont., has named Kevin Riley its next chief financial officer. Riley is leaving Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., where he has been CFO since 2007.

Eastwood plans to acquire the Austin, Minn., branches of QCR's Community National Bank along with $30.8 million in loans and $36.8 million in deposits, the companies announced Monday.

Credit unions have long charged their depositors lower overdraft fees than banks, but that gap is shrinking, according to new survey data.

The $442 million-asset company began raising the capital on June 21; the campaign closed on Friday, according to a regulatory filing.

To contend with a major security threat outside banks' control — malware that online or mobile banking customers allow on their computers — clientless detection products look at incoming transactions for signs of foul play.

Six banks in Poland have created a joint venture to develop common mobile payment standards to comply with national regulations — a move that leaves card networks out of the equation.