Banking

Equity Bancshares in Wichita, Kan., has lost its president, Drayton Alldritt, to an unnamed competitor.

A former leader of the Consumer Financial Protection Bureau on Thursday will announce the launch of Fenway Summer LLC, a startup mortgage lending and business advisory firm.

About half of the customers who use JPMorgan Chase's Liquid prepaid card are financially underserved, and 30% of them have no other relationship with a bank, an executive said on Thursday.

Atlantic Coast Financial Corp. has settled litigation with shareholders who objected the terms of its proposed merger with Bond Street Holdings.

Microsoft (MSFT) has teamed with federal law enforcement to disrupt the technology supporting a cybercrime ring that has drained funds from accounts at some of the nation's biggest banks.

Computer hackers who target U.S. agencies and companies on behalf of countries such as China and Russia would be denied entry into the U.S. and have their bank accounts frozen under legislation to be unveiled Thursday.

Branch transaction volumes are dropping but many banks continue to view physical facilities critical to acquiring customers, originating loans and branding businesses: The branches just need a different, lower-cost design.Wells Fargo (WFC), Bank of the West and Umpqua (UMPQ) are among the banks scaling down branches and eliminating teller windows. Here's a photo sampling of branch concepts that do away with the need for larger real estate.

The average rate for a 30-year fixed mortgage has risen for each of the past four weeks and is now at the highest level in a year, according to Freddie Mac, and the message for many home buyers is clear: buy quickly.

Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.

Virginia Heritage Bank in Tysons Corner has begun a common stock offering.

VeriFone is blunt about the issues plaguing the terminal maker and is working to restore its customers' confidence as it seeks a permanent chief executive.

They have spent the last few years building mass through acquisitions, but AmericanWest Bank and First PacTrust Bancorp are now shedding the nonessential parts.

U.S. Bank is one of the latest financial institutions to equip branch employees tablets, to show customers how to do banking-related activities.

Signature Card Services will give away EMV-enabled point of sale terminals to client merchants in the U.S. in an attempt to ease the transition to the chip-card standard.

The fees Fannie and Freddie charge to cover credit risk on mortgages have been surging. Large segments of the market may soon be fair game for securitization without federal backing.

U.S. Senator Sherrod Brown (D-Ohio) is pushing Consumer Financial Protection Bureau director Richard Cordray to tighten oversight of the collection industry, including possibly reforming the Fair Debt Collection Practices Act.

Haven Bancorp in Hoboken has agreed to buy Hilltop Community Bancorp (HTBC) in Summit in a merger of New Jersey banks.

The nation's largest home lender is ramping up marketing of a credit card that has helped customers eliminate $50 million of mortgage debt.

McColl Partners, an investment firm formed by retired Bank of America Chief Executive Hugh McColl, could be looking to sell.