Banking

Heritage Oaks Bancorp's (HEOP) chief financial officer has resigned and the Paso Robles, Calif., company has named an interim replacement.

Matt Wagner, the CEO of PacWest Bancorp in Los Angeles, turned a hostile bid into a deal with First California, and Wall Street seems to like the expected payoff.

The New Jersey company, which had a disappointing third quarter, also entered into a written agreement with the OCC recently. The regulatory order will likely delay plans for the mutual holding company to pursue a second-step conversion, leading some analysts to peg Roma as a good acquisition target.

Proposed legislation that encourages utility companies to report positive payment data is just one way to improve underserved consumers' access to high-quality credit products they can truly afford.

A breakdown of M&A announcements in the financial services industry for the week ended Nov. 3.

Central Pacific said in a regulatory filing Tuesday that the Federal Deposit Insurance Corp. had lifted a memorandum of understanding that obligated the $4.3 billion-asset company’s bank to maintain adequate capital, improve asset quality, provide sufficiently for loan losses and reduce classified assets.

The $302 billion-asset bank holding company based in McLean, Va., on Wednesday unveiled Capital One 360 as the new moniker for ING Direct, which Capital One bought in February for roughly $12 billion in cash and stock.

Astoria Federal Savings expects to reopen its Coney Island branch on a limited basis Wednesday to allow customers to view their safety deposit boxes.

Payments provider Elavon will use Ingenico's new Telium2 series countertop and wireless terminals for its customers in the U.S. and Puerto Rico.

Some companies are borrowing again while others are waiting for stronger signals from the economy, but there's no denying that many are healthier than they’ve been in years, according to Maria Coyne.

VeriFone announced that Glob Taxi Co. of Warsaw, Poland has chosen its payments technology for in-cab transactions.

Two months after the resignation of its chief executive, First PacTrust Bancorp (BANC) is poised to switch chief financial officers.

Hurricane Sandy reduced U.S. retail sales in the northeast by about $4 billion last week, according to MasterCard Advisors SpendingPulse.

Capital One's Colleen Taylor discusses business continuity, the storm and new innovation such as mobile remote deposit capture.

Fujitsu is reselling VeriFone's GlobalBay software to its big-box retailer customers, to provide mobile payments software at the point-of-sale that can also handle many other retail functions.

Does your bank open early, close late and welcome you seven days a week? Does it let one person tell you yes, but require at least two to say no?

C1 Bank's purchase of U.S. Century Bank in Florida is reportedly being delayed because of difficulty navigating the seller's exit from the Troubled Asset Relief Program.

For CreditCall, the slow pace of the U.S. shift to the EMV standard is fast becoming an opportunity.

Despite President Obama's victory Tuesday, the Democrats' financial policy agenda over the next two years will be far more about defending their past achievements than scoring new ones.

Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.