Banking

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

LOUISVILLE, Ky. – Class Act FCU has acquired and is renovating a former branch of Fifth Third Bank, which will be the credit union’s fifth service facility.

A consortium of Mexican investors led by former Banco Popular executive Roberto Herencia has completed its recapitalization of Metropolitan Bank Group in Chicago, Crain's Chicago Business reported.

We asked readers if they believe consumers will be willing to pay a fee for access to mobile banking services.

FNB United in Asheboro, N.C., announced Friday that its planned name change to CommunityOne Bancorp will take effect Monday.

The Charlotte bank said Friday that the job cuts, which were first reported by the Charlotte Observer, came from various businesses and occurred as part of a streamlining.

Capital One's new Quicksilver card is the latest example of a company offering generous rewards in an effort to win over more affluent consumers.

Mary Lynn Lenz, who recently became CEO of Foothills Bank, was involved with the 2010 sale of Professional Business Bank in California.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

A veteran banking regulator has been promoted to become the commissioner of Georgia’s Department of Banking and Finance.

Sussex Bancorp in Franklin Lakes, N.J., plans to sell up to $7.2 million in common stock, offering 1.2 million shares to current shareholders at a price of $6 per share.

The latest Mobile Banking Intensity Index finds that bank customers are continuing to adopt and use mobile banking at a fast clip.

Birch Coffee has used Square's mobile card reader for its delivery service for about two years, and was one of the first to switch to the new Square Market e-commerce site ahead its launch.

Regulators are paying increasing attention to cyberthreats facing financial institutions, but many bankers are only just beginning to notice.

Banks can expect an explosion of new Trojan malware variants this year that could lead to fraud and theft against their online and mobile banking customers' accounts.

Despite a drop in truth in lending lawsuits, industry executives fear that new regulations and the emergence of the Consumer Financial Protection Bureau could prompt a revival in disclosure-related lawsuits.

The Federal Deposit Insurance Corp. in May issued enforcement orders against eight banks and freed 14 others from prior orders as part of a series of actions released Friday.

MasterCard has begun offering U.S. merchants and developers Simplify Commerce, a product of MasterCard labs, the Purchase, N.Y. card network's research and development lab.

A former bishop of a Mormon church in Connecticut was sentenced to nearly four years in federal prison for running a fraud scheme that roped in a participant in the Troubled Asset Relief Program.

Three federal agencies are competing for the gold medal in a "regulatory Olympics" over deposit advances. Their proposals would severely constrain banks from offering valuable products and assisting customers.