Banking

Third-quarter income rose slightly for UMB Financial (UMBF) as the Kansas City, Mo., company reported higher average loan balances and noninterest expenses.

Borba, along with his brother John, Ron Kruse and others founded Chino Valley Bank in 1974 "with the vision of creating a community bank that could provide customized banking relationships to the many small businesses and business owners in the greater Chino area," the $6.3 billion-asset CVB said in a press release Tuesday.

ALTOONA, Penn. – Altoona Regional Health System FCU has hired national design form Momentum to build a new headquarters for the $26 million credit union.

VANCOUVER, Wash. -- Columbia CU has submitted a request to the city to build a second office building at its main operation center.

EDWARDSVILLE, Ill. – Fast-growing Scott CU officially opened its new 51,000-square-foot offices yesterday, more than tripling the size of its old headquarters in nearby Collinsville.

PLANO, Texas – The NCUA Board in closed meeting last week approved the acquisition by Catalyst Corporate FCU of Arizona’s troubled FirstCorp CU in a so-called purchase and assumption deal, continuing the revival of Catalyst, the remnants of failed Southwest Corporate FCU.

Marble Access provides an end-to-end hardened environment that protects against Trojans, man-in-the-middle, man-in-the-browser, malevolent Wi-Fi networks and DNS poisoning attacks, Marble Cloud, formerly known as IronKey, said last week.

An agreement to purchase $5.9 billion of assets from the retail giant positions TD for further growth in the credit-card business, while providing a blueprint for future deals.

The Mortgage Bankers Association on Tuesday upwardly revised its forecast for residential origination this year to $1.7 trillion, citing low interest rates that have sparked a massive refinance boom.

The Federal Deposit Insurance Corp. has lifted a consent order against Metro Bank related to the bank's anti-money laundering and Bank Secrecy Act programs.

Gregory Mitchell, who left First PacTrust Bancorp last month, has joined First Tech Federal Credit Union as president and CEO. In a letter posted on First Tech's website, Mitchell admitted to having a credit union membership while running at least two banks.

Regulators are barring a Maryland bank holding company from paying shareholders and some creditors until it takes steps to boost capital.

American Heritage in California had been facing pressure from the OCC to diversity beyond SBA lending. Rather than reinvent itself, the bank found an eager buyer in Sterling Financial, a Spokane, Wash., company that wants to expand the SBA platform.

Straying far from home is often a mistake. F.N.B. can speak to that from a past foray into Florida. But the Pennsylvania bank says its more focused deal in Maryland will work.

Before there were phones built with near-field communication chips for payments, companies designed stickers, sleeves and memory cards to bridge the technology gap. Even as momentum builds for NFC-equipped phones, these companies say there is still an audience for add-on payment tech.

Numerica Credit Union recently held what amounts to a happy hour at its branches, except instead of cocktails, people were given $5 checks and shown how to use phones to deposit those checks.

All banks are eager to boost wallet share, but a new survey shows that many are not doing such a good job of cross-selling one of the most basic products to their checking clients.

The flood of new regulation, demands for more capital, harsh enforcement and an unexplained three-year-old de facto moratorium on de novo charters lead one to believe Washington wants fewer community banks

Ally Financial is selling its Canadian auto finance operation to Royal Bank of Canada (RBC) for $4.1 billion.

Strong deposit and loan growth fueled third-quarter income at Signature Bank (SBNY) in New York.