Banking

First Horizon National in Memphis is asking some employees if they would like to leave voluntarily.

Intuit veteran Omar Green has left the company to launch a start-up called wallet.AI, which will focus on the intersection of mobile, big data, human cognition and financial services.

Bank of the Ozarks of Little Rock, Ark., is buying Genala Banc, the holding company of The Citizens Bank of Geneva, Ala., for $27.3 million.

Square, in an effort to boost the appeal of its Register app for merchants, is offering a new perk: marketing space on its own website.

Payleven has elbowed its way into the crowded mobile card-reader device playing field by offering a chip-and-PIN reader that will first debut in Europe near the end of October.

The key to the success of Merchant Customer Exchange (MCX), the payments initiative formed by major retailers, may be merchants' motivation to stay in control of their customer relationships.

Federal regulators are targeting another financial firm in connection with its mortgage activities before the housing crisis.

The Government Accountability Project is teaming up with the Occupy Wall Street crowd to educate bank staffers about their rights.

Banks with government assistance such as the Troubled Asset Relief Program face the greatest risk under Basel III proposals, advisors of Mercer Capital and Jones Day say.

WICHITA, Kan. – NCUA filed another civil suit this afternoon against a Wall Street bank, this time naming Credit Suisse Securities USA, as chief defendant, alleging that its sale of $715 million of faulty residential mortgage –backed securities helped cause the collapse of three corporate credit unions, U.S. Central FCU, WesCorp FCU and Southwest Corporate FCU.

Polonia Bancorp (PBCP) in Huntingdon Valley, Pa., has postponed its stock sale and conversion to a stock company after a regulatory exam revealed compliance problems.

State Bank Financial in Atlanta has added retired Air Force Maj. Gen. Robert McMahon to its board of directors, and CEO Joe Evans explains why.

Mobile remote deposit capture is proving popular across a wide range of market segments, including credit unions and other smaller institutions which can compensate for smaller branch networks. But like larger banks, whether it's wise to charge for the service is still debatable.

The $11.5 billion-asset unit of Umpqua Holdings (UMPQ) said Thursday it would open a flagship store in San Francisco's financial district.

The Federal Housing Finance Agency on Thursday released a proposal to create a framework for a new secondary mortgage market.

Farmer Mac announced late Wednesday that its board has named Chief Financial Officer Timothy L. Buzby as its president and chief executive, effective immediately.

After government-subsidized servicing transfers to Fortress's Nationstar stopped, the company kept expanding through private market deals with innovative financing structures. But as it bids for the massive ResCap portfolio, the GSEs' good will remains a valuable asset.

Some private-equity investors are rushed to exit their banking investments, but the growth prospects of EverBank Financial in Jacksonville, Fla., should keep its moneymen patient, CEO Robert Clements says.

Starbucks plans to accept purchases from the Square mobile wallet beginning next month, and it also plans to list all 7,000 of its company-owned stores in the Square directory, the Seattle-based coffee seller said Oct. 4.

Banks can't win back business through optimistic future-focused messaging that ignores the real pain in our country. What customers really want is for their bank to apologize for its missteps.