Banking

Martin A. Steele will manage its commercial lending, cash management-treasury services and investment services, HomeStreet said Thursday.

First Bank has agreed to sell eight of its 19 branches in Florida to the $521 million-asset HomeBanc in Lake Mary, Fla., First Bank said Thursday. It will also close another three branches, two in Hillsborough County and one in Pasco County.

Mega-banks dominate the world of naming rights for sports stadiums (think Citi Field, home of the New York Mets). But community banks' names adorn stadiums, too.

Shea to succeed Kurt Woetzel, who will run a global collateral services unit.

Rather than invest heavily in one big risky project, banks should concentrate on many small innovations, beta test them and invest where customer feedback is positive.

The Transaction Account Guarantee program ran into trouble, a columnist warned of innovation's risk to banks and JPM's Jamie Dimon took to the spotlight.

VeriFone Systems Inc., the largest maker of credit-card terminals, is moving away from competing directly with Square Inc. in mobile payments, according to David Talach, VeriFone’s vice president of industry engagement.

Visa Inc. attracted 50 banks and credit unions to its V.me digital wallet by offering a system that did not distance issuers from customer relationships and transaction data. But does the wallet hold the same appeal for the merchants that accept it?

ROANOKE, Va. – Freedom First CU is opening a new branch in Daleville in the former location of Blue Collar Joe’s restaurant, rural Botetourt County’s first full-service credit union branch.

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After a stock offering fell short of expectations, Sierra Vista Bank (SVBA) in Folsom, Calif., plans to raise about $1.7 million through a securities purchase agreement with Taylor International Fund.

Capital Access Network's new online engine leverages a large historical database to measure credit worthiness, joining Kabbage, Amazon and others in a crowded market.

Banks might have more success winning over underbanked consumers if they lowered initial deposit requirements and offered banking services to noncustomers, according to a new report from the Federal Deposit Insurance Corp.

Vente-Privee.com, the European online retailer that runs a U.S. site with American Express Co., said the proliferation of fashion outlets across America is challenging the company’s growth.

A battle over Senate procedures and the FDIC's absence from the debate were viewed as contributing to blocking a bill to extend the TAG program.

Lawrence Summers, formerly one of President Obama's top economic advisors, has joined Lending Club's board of directors, the company announced Thursday.

Flush with capital from a recent stock sale, Northeast has launched an online bank, established a nationwide loan-purchasing unit and, most recently, opened a mortgage office in Massachusetts.

Synovus, a Georgia-based company, and CEO Kessel Stelling should be able to devote more resources to loan growth, industry observers say.

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.