Banking

Mutual thrift defections from the Office of the Comptroller of the Currency should decline now that once-nervous bankers have gotten a chance to get familiar with the regulator.

BNC Bancorp in High Point, N.C., started making acquisitions in the Carolinas three years ago, with private-equity help. Now it can afford to take its time and digest while other banks feel pressure to buy.

Where is regulated data most likely to leak out of a bank? Through employees' and customers' mobile devices, according to a recent study by the Ponemon Institute.

Total System Services closed its $1.4 billion acquisition of NetSpend on July 1, in line with its previously disclosed schedule for closing.

Citigroup will pay Fannie Mae $968 million to compensate the taxpayer-backed mortgage buyer for more than a decade of claims tied to faulty home loans.

The president and chief executive of Sierra Vista Bank (SVBA) in Folsom, Calif., has stepped down.

Jack Henry & Associates is launching a framework to help banks navigate federal and state standards for their online and mobile banking operations. The service is called Gladiator.

Intuit Inc. said Monday it has agreed to sell its online and mobile banking division for about $1 billion in cash to Thoma Bravo LLC, a private equity firm.

Frost Bank's Dick Evans discusses his strategy, in a highly competitive lending market, for competing on price without taking on undue risk.

Continuing its string of acquisitions in its home state, Prosperity Bancshares in Houston has agreed to buy FVNB Corp. in Victoria, Texas.

First PacTrust Bancorp in Irvine, Calif., has raised $50.9 million through a common stock offering.

As other banks grapple with the issue of branching, Seacoast Banking Corp. of Florida is letting its creativity run loose. The Stuart company has opened five offices in the last three months, called "fuel cells," to focus on small businesses. The aim is to foster more collaboration between commercial clients and Seacoast employees.

GECU and the local Kinley's House Coffee & Teas are introducing a new concept-combining a credit union branch with a cafe.

Goldman Sachs, one of the owners of a newly designated “minority bank,” has a history of discriminatory behavior.

A South Dakota man pleaded guilty Wednesday to one count of mail fraud for using the mail to steal more than $106,000 from his employer, AAA Collection Co., between 2009 and 2011.

U.S. Bancorp will repay customers $3.2 million to resolve Consumer Financial Protection Bureau claims that it misled military-service members who took part in an auto lending program.

Card processor and merchant acquirer Clearent is working with Reward4Schools to help the Missouri-based community rewards provider reach a national audience.

Mounting medical bills are expected to push 1.7 million U.S. households into bankruptcy this year - making health expenses the largest cause of such filings.

Big banks, including Citi and U.S. Bank, are developing a system to make mobile wallets more secure by walling off customer data from merchants and other third parties.

CHICAGO – First Northern CU will be expanding into a former Bank of America location in Evanston.