Banking

The $62 million-asset bank, which is owned by 28 Native American tribes, Alaska native corporations and tribal organizations, said Friday that it had hired Tom Ogaard as its president and chief executive, succeeding David Gilman.

The Federal Reserve Board has terminated enforcement actions against Oregon Community Bank & Trust in Oregon, Wis., and Security Financial Bank and its holding company in Durand, Wis.

The president and chief executive of MetroCorp Bancshares (MCBI) in Houston will be taking on an expanded role.

TowneBank in Suffolk, Va., has acquired The Clement Companies, an insurance agency in Greenville, N.C.

At Federal Home Loan Bank of Atlanta, switching to agile software development methods has improved efficiency and reduced errors.

Citizens Community Bancorp (CZWI) in Eau Claire, Wisc., has shed its enforcement order with the Office of the Comptroller of the Currency.

Provident Financial Services (PFS) of Jersey City beat fourth-quarter earnings expectations as it lowered its loan-loss provision and profited from asset sales.

The Justice Department has added a former executive at Countrywide to a lawsuit that accuses Bank of America (BAC) of causing billions of dollars of losses to Fannie Mae and Freddie Mac.

U.S. Bancorp has promoted longtime executive Chris Heman to market president for the state of Washington.

Capital One (COF) announced Friday that longtime chief financial officer Gary Perlin will retire in May and will be succeeded by Stephen Crawford, an outside advisor to the McLean, Va.-based credit-card issuer.

Barclays Bank PLC announced Wednesday a mobile banking customer milestone: More than one million people have downloaded the London-based company's mobile banking app within six months of its launch.

Small IT teams can be nimble and forward-thinking, as our picks for top community bank technology projects prove. Digital fingerprints, cloud computing and responsive web design are among the innovations at these banks.

New research from American Banker reveals that bank technology spending is starting to increase, a sign of health for industry.

When it came time for PointBank to upgrade its core processing system, the Texas bank invited other banks to join in.

Simplicity Bank found the best way to expand function without growing headcount was to outsource core functions and repurpose operations staff.

At Patelco Credit Union, software that automatically calculates loan portfolio metrics gives management and regulators the insight they sought.

How data is put together and analyzed can go a long way toward measuring performance accurately, particularly for corporate units.

Social networking is maturing in financial services. Bankers, technologists and other experts weigh in on the top trends that will move social networking to even greater heights in the future.

Personal financial management tools could be more effective, and probably more widely used, if they focused on future spending rather than spending that's already happened.

Mobile remote check deposits are becoming table stakes, and mobile photo bill payment may be close behind. But concerns about image quality will need to be assuaged first.