Banking

Heritage Financial in Olympia, Wash., plans to merge its two banks.

First Niagara Financial Group in Buffalo, N.Y., has hired a JPMorgan Chase executive to lead its new business unit for New York, New Jersey and Connecticut.

Part of the idea is to generate buzz. But market research is also driving the pay-what-you-want strategy, chief executive officer Steve Streit says in an interview.

The U.S. government did not wait too long to charge UBS and other mortgage underwriters with misleading investors in the run-up to the mortgage meltdown, a U.S. appeals court ruled Friday.

Misys has upgraded its commercial lending software, Loan IQ.

Executives at these banks will be braced for interrogation by investors, analysts and community activists this spring, when the seasons for annual meetings and conference calls on first-quarter results collide.

San Francisco, Calif.-based startup Balanced says it is gaining traction with online marketplaces, the eBay-like venues where small merchants gather to sell products and services online.

WICHITA, Kan. – One of two federal judges scheduled to hear NCUA’s numerous suits against Wall Street banks over the corporate credit union failures has disqualified himself because of a potential conflict of interest in the cases.

JPMorgan Chase (JPM) is rallying major holders of its stock to let Jamie Dimon keep his board chairmanship, the Wall Street Journal reported Friday.

WASHINGTON — State regulators in Arizona closed the $45 million-asset Gold Canyon Bank late Friday, the fifth bank failure this year.

The deal is Investors' fourth since late 2011 and would bolster a growing presence in southern New Jersey.

Access National Corp. (ANCX) in Reston, Va., is shutting down a loan office that brought in nearly a third of its profit last year.

A former executive at the defunct Appalachian Community Bank in Ellijay, Ga., was sentenced to prison Friday for running a fraudulent loan scheme.

There will be significant growth in mobile payments over the next five years, Javelin Strategy & Research predicts, but most people still don't make payments with their mobile phones today.

The Fed, FDIC and OCC have so far given no indication of developing a public complaint database like the one managed by the Consumer Financial Protection Bureau, but that could soon change.

Bank of America Corp.'s $2.4 billion settlement with investors who lost money as a result of the bank's acquisition of Merrill Lynch & Co. was approved by a federal judge.

The decision to charge for depositing a check via smartphone or tablet is likely to attract attention from other banks that now give away the service.

Regulators have lifted an enforcement action against a unit of First Financial Northwest (FFNW) in Renton, Wash.

Provident New York says the addition of Sterling Bancorp will super-size returns. Analysts are sold on the combo but question whether the profitability projections for it are realistic.

The United States has long resisted adopting the EMV smart-card standard to replace magnetic-stripe credit and debit cards. But the card networks report success in the years-long push to modernize plastic payments.