Banking

The Alabama lender says it intends to lower fees and relax repayment terms in response to customer feedback, not criticism from consumer groups.

The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.

Silicon Valley Bank's online and mobile payment portal for small businesses lets them create a single workflow for varied payment types.

The Cincinnati company will continue to sponsor Roush Fenway Racing next year, despite the abrupt departure of Matt Kenseth.

Tim Pawlenty is hardly the first prominent politician to turn into a bank lobbyist. Indeed, there's a long line of them.

Richard Cordray, the director of the Consumer Financial Protection Bureau Director, suggested that lenders should not be overly concerned about potential legal liability for making so-called "qualified mortgages."

The San Jose, Calif., company's new system that secures data in cloud implementations is broadening the array of products it supports.

Oak Bank of Chicago plans to use the Premier core processing platform, as well as Fiserv products for mobile banking, branch capture and merchant source capture.

Several merchant groups are asking members of Congress to hear their opposition to the swipe-fee settlement announced in July.

Industry observers have commended the Walla Walla, Wash., company for righting the ship after it was hammered by exposure to bad construction loans. But now investors are wondering how it will grow in a weak economy.

CEO John Stumpf offered candid views on monetary policy, the housing crisis, capital rules and even consumer protection during a panel discussion late Wednesday.

Heidi Miller, the former president of JPMorgan Chase's international businesses, says that megabanks have to do a better job of defending themselves — and acknowledges that some banks run the risk of becoming too big.

Several merchant groups are asking members of Congress to hear their opposition to the swipe-fee settlement announced in July.

FirstBank Holding in Lakewood, Colo., will close 15 branches in its home state, reflecting an increase in its customers' reliance on electronic banking.

Ambassador, a broker-dealer and deal advisor, announced Thursday that it would acquire the operations of Capital Insight Partners. Jacob Eisen and Tad Gage, the co-founders of Capital Insight, are set to become managing directors of Ambassador.

A financial industry group is warning members to be on the lookout for digital threats amid slowdowns at the websites of two of the nation's biggest banks.

Capital Bank Financial and National Bank Holdings priced their initial public offerings below the ranges they gave last week. Other banking companies have struggled in the IPO market this year.

Nationstar Mortgage remains the "stalking-horse" bidder for ResCap's residential servicing portfolio, sources said. Ocwen Financial, Berkshire Hathaway and an unnamed hedge fund have also emerged.

First National Bank of the Gulf Coast believed it had all the cards in place to become a serial bank acquirer. But it hit a snag: the bank lacked a holding company to fully put its strengths to use.

Groupon's newly unveiled card reader is more than a me-too device. It's the first step in a far larger payments strategy.