Banking

The Treasury Department has appointed C. Wayne Crowell to the board of Intervest Bancshares (IBCA) in New York.

PENSACOLA, Fla. – Pen Air FCU opened a new branch in nearby Foley, Ala., last week, its third Alabama branch.

ALEXANDRIA, Va. – NCUA said last evening it has finally shuttered U.S. Central FCU as it transitioned all of the one-time central bank for credit unions’ correspondent services, like ACH services, for corporate credit unions to other providers.

Barnes & Noble was sued by a Chicago-area consumer over the possible illicit capture of her debit card PIN and those of other customers in Illinois and eight other U.S. states.

With the failed-bank market drying up, Midwestern consolidator Talmer enters a stalking-horse bid for a small Ohio bank burdened by debts to the U.S. government and trust-preferred holders.

More than one third of commercial bankers are conducting manual data entry for tasks that ought to be mandated, according to a survey released Monday.

Social media is a work in progress at some banks, which are still using venues such as email to communicate information to staff in the eye of Hurricane Sandy.

Old Line Bancshares (OLBK) in Bowie, Md., reported higher third-quarter earnings as loan growth and reduced expenses fueled revenue.

First Banks, a $6.5 billion-asset company, posted third-quarter earnings of $8.5 million, compared with a net loss of $2.1 million a year earlier.

Two shopping experiences and a well-timed commercial from Isis indicate tapping a payment-capable phone against a reader may, in fact, be so much easier than swiping a plastic card … so long as merchants have complete buy-in.

Citigroup is revitalizing a longstanding rewards program, in an effort to stand out in the increasingly competitive field of card issuers.

Top regulators at the Fed, SEC, OCC, FDIC, CFPB and NCUA are warning that a Senate bill pending in the Homeland Security and Governmental Affairs Committee would undermine agency rulemaking authority.

BBVA will launch a trial of the V.me digital wallet with Visa Europe next month, making it the latest bank to support Visa’s digital wallet and the first in Spain to do so.

Thanksgiving and the ensuing shopping sprees are a few weeks away, but a group of merchants who accept the digital currency Bitcoin are planning their own Black Friday before then.

The nation's top home lender has been mailing letters and refund checks to nearly 10,000 borrowers acknowledging that they received Federal Housing Administration loans when they would have qualified for less-expensive conventional financing.

European parking lot company Q-Park will begin offering consumers the ability to pay for parking with devices that adhere to the EMV payment standard.

New Forrester research finds old-fashioned channels, like the phone call, matter almost as much as online and mobile banking services.

Bankers in the Northeast must remain flexible and ready to roll up their sleeves in the aftermath of Hurricane Sandy. That was the sweeping message from bankers from areas along the Gulf Coast and Florida who have been through a fair share of catastrophic storms.

Bank of New York Mellon (BK) is the latest bank to announce plans to redeem its outstanding trust-preferred securities.

Authorities have charged real estate developer Michael Pouls, whose mansion was featured on the TV show "Teen Cribs," with defrauding National Penn and the former Wilmington Trust.