Banking

The Office of the Comptroller of the Currency has taken action against a Missouri bank and freed four others from regulatory actions.

Keynote Systems would become privately held after its sale to the private-equity firm.

Citigroup is opening an office in Baghdad.

Shareholders of San Diego Trust Bank have approved the bank's sale to Pacific Premier (PPBI) in Irvine, Calif.

Southern Missouri Bancorp in Poplar Bluff, Mo., has agreed to buy Ozarks Legacy Community Financial in Thayer, Mo.

In the next five years, Lee Butke of Corporate One expects "a few" more mergers among the remaining corporate CUs.

Four years after a crisis among some corporate credit unions began, the corporate CU marketplace has been forever changed.

Corporate CUs have had to make a number of adjustments to their product mixes and the services they offer, especially as closure of U.S. Central leaves a void.

Credit Union Journal asked three corporate credit union CEOs, "What is the value proposition of your corporate?"

As reported by Credit Union Journal, June 17, information on the performance of five failed corporates' so-called "legacy assets" are now available online.

Addressing its decisions to place five corporates into conservatorship in 2009, NCUA restated that its actions were the best for the industry.

MARLBOROUGH, Mass. – St. Mary’s CU is promoting its soon-to-be-opened new Westborough branch with a scavenger hunt and a $500 prize.

Flagstar Bancorp (FBC) will pay $105 million to settle allegations it misrepresented the quality of loans backing securities insured by Assured Guaranty (AGO).

Intuit now lets iPad owners who use its GoPayment mobile card reader scan credit and debit cards with the tablet's built-in camera.

A former bank executive in Georgia has pleaded guilty to charges of defrauding a bank that had received funds from the Troubled Asset Relief Program.

A new Texas law addresses concerns that community banks will suffer if big-box retailers and large banks begin to team up on pricing.

Two American Banker staffers who cover mergers and acquisitions have a confession to make. We sometimes get so enmeshed in the arcane numbers behind bank deals that we overlook what really makes them tick: the human element.

Parascript has built its check recognition engine technology into its form processing software, thus offering financial institutions one program with which they can process information from checks and remittances, along with forms, mortgage applications and other documents.

WASHINGTON — Republican lawmakers are calling on the Consumer Financial Protection Bureau to explain its rationale behind new fair lending guidelines for auto lenders.

Simple (formerly BankSimple) has launched a feature to let customers link their traditional bank accounts to the tech startup's service.