Banking

Oriental Financial Group in San Juan, Puerto Rico, has priced its public offering of preferred shares that will help fund its purchase of Banco Bilbao Vizcaya Argentaria's Puerto Rican operations.

A new report published Thursday by Celent gives Bank of America first place for the account opening experience in its branches.

Visa seems to have weathered the most severe effects of new rules that shook its hold on the U.S. debit card market, though the company still faces a government investigation into the methods it is using to recoup lost revenue.

Trustmark National Bank has purchased a web-based check capture and processing product from Fiserv.

Google added a mobile commerce payment option to Google Wallet, which already supports online and point of sale purchases.

The Consumer Financial Protection Bureau and Federal Housing Finance Agency said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.

According to a survey on bank compensation released Thursday, commercial loan officers’ total annual pay is up 17.3% this year over last, while salaries of other bank employees have climbed just 2.5%.

Banks in areas hit hard by Hurricane Sandy have re-opened most of their branches. Now some of them are opening their checkbooks, too.

Subordinated debt could be an option for community banks that need to raise capital but want to avoid dilute existing shareholders. Still, naysayers point out that many community banks prefer the simplicity and liquidity that comes from equity.

Experian is feeling the heat in the wake of a hacking at Abilene Telco Federal Credit Union that wound up exposing data at the credit reporting agency, leading Experian to defend its security protocols.

Wells Fargo has hired Terese Rowe, an expert in credit risks tied to fruit, fish and other agribusinesses, to head one of its ag-related units in anticipation of increased world demand for food.

A survey of U.S. mobile device users finds that most have experienced frustration with their mobile banking app.

In an email interview with American Banker, the group also says it has no ties to Iran or any other state and disavows attacks on the Tel Aviv stock exchange or El Al Airlines.

First BanCorp in San Juan, Puerto Rico, reported its second straight quarterly profit. The company earned $19.1 million in the third quarter, compared with a net loss of $24 million a year earlier.

ALEXANDRIA, Va. – NCUA said this morning it lowered its loss projections for the corporate credit union resolution by as much as $400 million, due to improved performance by bonds associated with the bailout.

New York State's Department of Financial Services has ruled that, for insurance purposes, Hurricane Sandy wasn't a hurricane when it hit the state.

Camco Financial (CAFI) in Cambridge, Ohio, has extended its rights offering deadline by one day because of the effects of Hurricane Sandy.

BB&T is planning to more than double its branch network in Texas by opening 30 new offices in the state’s four largest metropolitan markets.

Our research shows that lots of banks still do not use customer analytics, a gap that is sure to change in the future.

When D.L. Evans Bank found that tasks such as opening accounts and issuing cards was taking too long, it turned to new workflow software.