Banking

As a newcomer to the small business market, Heartland Financial wondered how it could quickly become competitive. An app that analyzes historical credit data for quick, accurate lending decisions helped.

Michael Duffy, president of Chase Paymentech, passed away Thursday night. He was 54. Dan Charron, the executive vice president of client services, has assumed the role of acting head of the Dallas-based merchant acquirer subsidiary of JPMorgan Chase.

U.S. private-equity investors Wilbur Ross and J. Christopher Flowers are lining up to finance British homebuyers as the country's biggest banks pull back.

Costly due diligence and the heavy demands of institutional investors still make it difficult for aspiring acquirers to pull the trigger on bank M&A.

MBIA lost an appeals court bid to recover from the FDIC at least $244 million of claims and expenses stemming from mortgage-backed securities issued by IndyMac, which failed in 2008.

Armin Ajami shares the results to date for the bank's new iPad app and a few future plans.

The Federal Deposit Insurance Corp. responds to two recent posts that cited its underbanked survey results.

First Federal Savings & Loan Association of Bucks County still likes mortgage lending but has turned to sophisticated hedging to manage risk, incoming CEO Jeane Coyle says.

The social network announced changes to its news feed that include larger photos, videos and specialized content areas that could benefit banks, provided they make a few changes to their social media approach.

Provident Bank announced Thursday that it had hired John Lynch, a senior financial consultant who will focus on clients in the lower Hudson Valley.

William Loving believes that the banking industry will shrink at a much slower rate than what many predict.

Pacific Mercantile in Costa Mesa, Calif., reported a fourth-quarter loss as expenses rose and a tax benefit dwindled.

The Treasury Department plans to auction its holdings in seven banks, including Flagstar Bancorp (FBC), as it continues to unwind the Troubled Asset Relief Program holdings.

Bank of Farmington in Illinois is launching an investment-services division. The new unit, Bank of Farmington Investment Services, will be headed by financial advisor Chad Mayall.

Cascade Bancorp (CACB), the holding company for the $1.3 billion-asset bank, said Thursday that the Federal Deposit Insurance Corp. and the Oregon Division of Finance and Corporate Securities have terminated an August 2009 cease-and-desist order with the bank.

BankUnited in Miami Lakes, Fla., has priced a planned secondary offering by its biggest investors.

Union First Market Bankshares in Richmond, Va., has repurchased a large block of common stock from one of its largest investors.

Since 1995, when the San Francisco bank made its first commitment to female-owned businesses, it has lent them an average of $2.1 billion per year.

M&T CEO Robert Wilmers packs a punch in his annual letters to shareholders. Here are some of the highlights of this year's missive.

The move to align the Southwest Airlines and AirTran frequent flier credit cards under the same issuing bank is just one stop in the route toward the eventual merger of the two carriers' affinity programs.