Banking

SPRINGFIELD, Ore. – Northwest Community CU has submitted a proposal to officials in Eugene to buy a 1.8-acre city-owned plot and develop it into a new headquarters for the $720 million credit union.

Lower credit costs and higher mortgage banking revenue pushed MainSource Financial Group's (MSFG) third-quarter net income up 34.5% from a year earlier to $6.5 million.

The Walla Walla, Wash., company Banner (BANR) said profit rose on improved income from mortgage banking, deposit fees and other service charges.

Banks looking to reinforce their defenses against data theft may want to start with their automated teller machines.

A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.

Leaders of the largest banks are using third-quarter calls to discuss a reluctance to pursue bank acquisitions. The underlying message? Smaller banks are likely to spur the next big wave of consolidation.

A lawsuit accusing Bank of America and Countrywide Home Loans of misrepresenting mortgages gets to the core of their disputes with the government-sponsored housing giants over mortgage putbacks.

Longtime JPMorgan Chase banker Charlie Scharf looks like the safe choice to replace retiring Visa CEO Joseph Saunders. But for the "top dog" payments network, safe is usually wise.

Longtime banker Charlie Scharf seems like the safe choice to lead Visa. But for the world’s largest payments network, safe is usually smart.

Between the cost of doling out the smart cards, consumer education and the need for new terminal technology, banks aren't likely to jump into issuing EMV cards just yet.

PL Capital recently put Malvern Bancorp and Orrstown Financial on notice that it is watching management's moves, while First Financial Northwest continues to absorb litigation costs months after an investor contested the results of an annual meeting.

Preeta Bansal, the former general counsel and senior policy advisor at the Office of Management and Budget, is joining the bank's London office as global general counsel for litigation and regulatory affairs.

A private-sector analysis of the implementation of the Dodd-Frank resolution facility outlines several tasks the FDIC needs to complete before it's ready for the next crisis.

TD Bank Group (TD) will run all facets of a credit card program for one of the nation's largest jewelry chains.

PointsPay's new mobile app lets users turn loyalty points and miles into immediate cash that can be used at almost any merchant, a market that's also being chased by Amex and Edo Interactive.

San Antonio's Cullen/Frost has benefited from a robust economy in Texas. Still, CEO Dick Evans said that his lenders had to increase their calling efforts after loan requests dropped off.

Earnings at Flagstar Bancorp in Troy, Mich., fell 7% from a quarter earlier as credit and litigation costs offset a large gain from loan sales.

If the program ends, most TAG deposits held by community banks will quickly migrate to the biggest banks as investors still expect the federal government to protect all deposits held by these financial behemoths.

Royal Bank of Scotland (RBS) will pay $42 million to settle a probe by Nevada's attorney general into its mortgage-purchase practices before the housing crisis.

Barnes & Noble bookstores has informed federal law enforcement authorities that "a sophisticated criminal effort" has potentially exposed customers' credit and debit card information to hackers.