Banking

The $15.9 billion-asset bank said Thursday that Lisa Etre, William McCarthy and Jessica Ruiz have joined Signature from Hudson Valley Bank (HVB) in Yonkers, N.Y., and that Dennis Sheridan has joined from Valley National Bank (VLY) in Wayne, N.J.

Broadway Financial in Los Angeles earned $1.4 million in the second quarter. A year earlier, the $391 million-asset company lost $2 million.

Bank of America is said to be testing mobile payments using quick response codes with five Charlotte merchants.

Roma Financial Corp. (ROMA) said that one of its banks has entered into a written agreement with the Office of the Comptroller of the Currency.

MainSource Bank in Greensburg, Ind., has agreed to buy the assets managed by Krumme and Brock Investment Services in Seymour, Ind. The employees of the Krumme firm, including owners Galen Krumme and Cliff Brock, would join MainSource Bank's wealth management division.

United Community Bancorp (UCBA) of Lawrenceburg, Ind., is suspending the payment of dividends on its common stock until the company completes a pending second-step conversion.

Business activity in the banking sector increased in August for the third straight month, according to industry executives surveyed for American Banker's latest Index of Banking Activity.

Mobile wallets promise simpler payments, but the road to get there has been bumpy and, quite often, bizarre.

eAppraiseIT provided real estate appraisals to a former mortgage lending giant during the run-up to the housing crisis will pay $7.8 million to settle charges that its appraisers conspired with the lender to puff up home values.

Is YouTube about to out-Google Google? The best Tweets this week ran a gamut from the future of search engines to getting a return on investment on social media.

Teaming up with PayPal is consistent with other Discover Financial Services agreements that stress the card brand’s payments strategy of being “the most flexible partner for a number of other players,” Discover Chairman and CEO David Nelms says.

Tri Counties Bank in Chico, Calif., will pay as much as $2.5 million to settle a class-action lawsuit that claims it failed to properly pay overtime.

The CFPB flexes its muscle in a Discover deal, Sheila Bair blasts a double standard for hurting small banks and mortgage settlement overseer Joe Smith weighs in on progress to date.

The telecommunications companies behind the Isis mobile wallet joint venture have had Salt Lake City in their sights as a testing ground for the past year. But recent delays in the Isis rollout have opened the door for direct competitor Google Wallet to continue to gain as much momentum as possible with its mobile pay system.

The date for U.S. merchants to start benefiting from preparing early for EMV smart card technology at the point of sale lurks next week. Unfortunately, the future of payments technology won’t come into clearer focus for merchants that quickly.

A provision within the hotly contested settlement between merchants and credit card networks could potentially slow PayPal’s bid to become more widely accepted at grocery stores, restaurants and other retailers.

DUNEDIN, Fla. – Fast-growing Achieva CU is scheduled to break ground this morning on a $10 million, 67,000-square-foot headquarters project near its old Clearwater offices.

Under the landmark settlement with MasterCard and Visa, retailers could soon start surcharging customers for paying with plastic. Here's why that could be bad news for PayPal.

An unnamed investor will inject $5.5 million into the troubled Anchor Commercial Bank in North Palm Beach, Fla., through a subscription agreement.

Hampton Roads Bankshares in Norfolk, Va., has completed its $45 million rights offering, though its private-equity partners were the largest contributors.