Banking

F.N.B. Corp. in Hermitage, Pa., has agreed to buy BCSB Bancorp in Baltimore in a stock transaction valued at $79 million, or $23.77 a share. The acquisition is the company's third in less than eight months.

Visa Inc. sued Wal-Mart Stores Inc. in a bid to stop the world's largest retailer from filing a lawsuit to press price-fixing claims over merchant swipe fees.

Debt buyer Encore Capital Group Inc. on Thursday closed its $200 million acquisition of Asset Acceptance Capital Corp. All subsidiaries of Asset Acceptance are part of Encore Capital and Asset Acceptance’s stock, NASDAQ ticker symbol AACC, has been delisted.

Federal regulators must not rely on standard measures of differences between outcome rates without considering the way those measures change simply because the frequency of an outcome changes.

Washington Trust Bancorp in Westerly, R.I., has tapped one of its executives to become head of wealth management at its bank.

Prudential Bancorp in Philadelphia is planning a second-step conversion.

Banks providing cash back on transactions as an incentive for credit card use have a better chance of seeing their account become the "top of wallet" card, a new Auriemma Consulting Group report says.

ShopKeep POS is adding credit card acceptance through PayPal at a 2.7% per-transaction fee, which it says is competitive with other processing options.

Visa sued Wal-Mart in a bid to stop the world's largest retailer from filing a lawsuit to press price-fixing claims over merchant swipe fees.

The Atlanta mortgage servicer said Thursday it would buy $78 billion in unpaid principal balances of mortgage servicing rights using a combination of cash and available credit.

NewBridge Bancorp (NBBC) in Greensboro, N.C., is acquiring a cash-strapped mutual at the behest of state regulators.

SecureKey, a Canadian online authentication company, says MasterPass users will now be able to make more secure transactions with devices that come pre-installed with its bridge.net software and authentication service.

Sen. Elizabeth Warren voiced concerns Thursday about the regulatory burden facing community banks, asking whether the industry needs a two-tiered system of rules to keep the smallest institutions from being wiped out.

The $1.2 billion-asset company paid $540,000 to repurchase the warrant it issued the Treasury Department in December 2008, Hawthorn said Thursday.

Urban Partnership Bank's plans to open a branch inside a Walmart store in a revitalizing Chicago neighborhood show how two very different institutions decided they would be a good fit after listening to their customers.

Bankers and regulators may need to study the barriers of entry into banking just as seriously as the NFL and Major League Baseball consider new franchises for football and baseball.

Bankers and tech vendors have given up on the reliability of passwords and other conventional forms of authentication. Now some are turning to hardware as a more secure option. American Banker editors discuss the advantages, and limits, of such options.

The Office of the Comptroller of the Currency has lifted a regulatory order that had been imposed on a unit of MetroCorp Bancshares in Houston.

JPMorgan Chase Chief Risk Officer John Hogan is returning to the bank in a new role after taking almost five months off and may decide to leave the firm altogether later this year or next, Chief Executive Officer Jamie Dimon told employees in a memo Thursday.

American Airlines parent company AMR Corp. intends to continue its affinity credit card relationship with Citibank, according to its revised plan to emerge from bankruptcy and merge with US Airways.