The $12 million settlement forced WSFS to reduce its fourth-quarter earnings.

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial strategy of the client and how badly the bank needs that client.

Camden R. Fine and the Independent Community Bankers of America would be better off if they spent more time protecting community banks and less time attacking credit unions.

Iowa lawmakers are considering a bill that would lower taxes for banks and impose a franchise tax on credit unions. The move could be a bellwether for other states looking at similar measures.

Kathleen Henry and Steven Antonakes have been named to the bank's management committee.

Two House Democrats are asking the Pentagon for information about its contacts with Stephen Calk, CEO of a small Chicago bank that made $16 million in mortgages to President Trump's campaign manager.

While the $632 million-asset nbkc bank was the smallest known participant in the recent round of funding for Greenlight, the investment wasn't its first foray into fintech.

The quarterly earnings decline from a year earlier was largely due to a one-time hit to the value of banks’ deferred tax assets, according to the agency’s Quarterly Banking Profile.

The company will also surpass $10 billion in assets when it buys Community Bank.

Savings Bank of Walpole and New Hampshire Mutual Bancorp believe merging help them preserve a banking model that has faced pressure in recent years. The CEO at Savings Bank will also replace New Hampshire Mutual's retiring leader.

National Credit Union Administration Chairman J. Mark McWatters made an appeal to credit union executives to work with small community banks when it comes to advocating for shared goals.

An investor had accused John Peck of using a HopFed lawyer to handle his purchase of real estate from an influential member of the company's board.

Since stepping down as CEO of Webster Bank last month, James Smith has spent much of his time co-chairing a panel tasked with solving his home state’s fiscal and economic woes. Banks, and perhaps even fintechs, could be a part of its comeback story, he says.

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.

Judges recently ordered two banks to pay the legal fees for activist investors after certain roadblocks backfired. Their missteps can serve as a lesson for other skittish institutions.

Carson Lappetito has a long history of working with firms tied to Eric Hovde, chairman and CEO of Sunwest's holding company.

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager. Here’s a look at Calk's career and how he ended up in this spot.

The Boston mutual, which lost its innovation team when it spun off Numerated last year, has hired a State Street executive to oversee a plan to encourage all employees to be more creative.

Harrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans.

Facing pressure to act on gun control laws, the bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card."