Banking

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

PayPal's recent updates to its software tools for developers provide a clue to its long-term plans for the Card.io, the mobile payments tech provider PayPal bought last year.

FirstMerit (FMER) has hired a veteran banker to lead its operations in Wisconsin.

The $143.8 million-asset company said Monday it had named Jeffry Wagner to the post. Wagner, who had been CFO at Florida Business Bank in Melbourne, succeeded Richard Browdy, who resigned in February to pursue other career opportunities.

United Community Financial (UCFC) in Youngstown, Ohio, is looking to raise $5 million through a rights offering.

Michael Carrazza, a private equity investor who bailed out Patriot National Bancorp, is eager to make loans while searching for the optimal exit strategy.

The Comptroller of the Currency wants banks to hold more capital against mortgages in warehouse lending facilities, but small banks complain it could cripple a vital business.

Doug Bergeron will step down from his roles as CEO and a board member at VeriFone, effective March 12, the point of sale terminal maker said today.

Despite Republican claims to the contrary, the Consumer Financial Protection Bureau is accountable to lawmakers and the American public, Director Richard Cordray is expected to tell the Senate Banking Committee on Tuesday.

Payment systems provider ACI Worldwide (ACIW) has completed its acquisition of Online Resources Corporation (ORCC) in an all-cash transaction for $3.85 per share. But the deal should not impact ORCC’s ongoing projects with its financial institution clients, ACI said.

As a veteran senior executive in the male-dominated banking industry, Terri Dial left a void that has yet to be filled a year after her death.

Florida bank-buyer Bond Street Holdings bulked up on failure deals, took a 19-month break and has returned to M&A with the aim of $5 billion in assets by yearend.

The nonexistence of "too big to fail" is swell news. Now taxpayers can stop worrying about future bailouts, the Federal Reserve can ease monetary policy and the Justice Department can prosecute the banks purportedly "too big to jail."

Arvest, an Arkansas bank, is arming mortgage servicing associates with better information and getting ready for new CFPB rules.

Payment systems provider ACI Worldwide has completed its acquisition of Online Resources Corp. in an all cash transaction for $3.85 per share—a deal that adds payments and financial services bulk to ACI.

As banks seek to bolster defenses against fraud involving wire transfers and other transactions, some experts argue that they should be looking to people rather than technology for answers.

The companies said Monday they will work together to develop new models to help lenders assess the risk of lending to consumers with little to no credit history.

Commercial and multifamily mortgage debt rose by 0.9% in the fourth quarter from a year earlier, to $21.8 billion, marking the highest year-over-year improvement since the second quarter of 2008, the Mortgage Bankers Association said Monday.

In the past, it was tough for customers to change banks. So, we could charge them—and treat them—pretty much as we pleased. Technology renders switching banks easier and cheaper—making banking more competitive, less profitable.

Harland Financial Solutions has added three customers for its core processing platform.