Brian L. McDonnell, who has run Navy Federal Credit Union, the world's largest credit union, for the past nine years, will retire Dec. 31.

A California subprime auto lender said Friday that it is unloading the last of its deposits and that it will rely on the capital markets to fund its lending.

Crescent Banking Co. of Jasper, Ga., has agreed to buy the $66 million-asset Futurus Financial Services Inc. of Alpharetta, Ga., for $10 million.

A trade group representing check cashers says it is getting ready to introduce an interest-bearing, federally insured deposit account that would be linked to existing prepaid debit cards popular with the unbanked and low-income consumers.

West Coast Bank is one of a handful of banks making it more affordable for mom-and-pop coffee shops, restaurants, and hardware stores to sell gift cards.

Old National Bancorp of Evansville, Ind., said Thursday that it had hired the chief executive of KeyCorp's McDonald Investments Inc. as its own CEO.

The Monday morning meeting at Charlotte State Bank in Port Charlotte, Fla., was far from typical this week, according to the bank's president, Charles G. Brown 3d.

A 3-year-old pilot program by the Office of the Comptroller of the Currency that lets well-capitalized community banks exceed per-borrower lending limits is being extended for another three years.

Nearly three weeks after the Dutch giant Rabobank Group announced a blockbuster deal to acquire Farm Credit Services of America in Omaha, another Farm Credit System lender has made a counteroffer.

MIDDLE ATLANTIC

Banks in Texas and at least three nearby states are reporting a rash of thefts in which customers unwittingly make deposits into fake boxes placed over night deposit boxes.

I remember telling the CEO of U.S. Trust Co. in New York that I was jealous of his job.

Carver Federal Savings Bank says its working-class customer base has never pressed it for more savings options, but it decided to expand its offerings anyway.

A money-losing community bank in Michigan has agreed to recapitalize itself by selling $30 million of stock to an investor group.

CIB Marine Bancshares Inc. of Pewaukee, Wis., said Friday that it is selling CIB Bank Chicago to the $7.3 billion-asset First Banks Inc. of St. Louis for $62 million in cash.

In a move that would increase its market share in Pennsylvania's Lawrence and Beaver counties, ESB Financial Corp. of Ellwood City has agreed to buy PHSB Financial Corp. for $82.6 million in cash and stock.

Rabobank, the Dutch banking giant that applied last month to buy one of the Farm Credit System's largest lenders, is hitting back at critics of the deal.

CHICAGO — Labe Bank was having a hard time distinguishing itself when the Windy City’s market started heating up a few years ago.

John Holaday, a former chief executive of a pharmaceutical development company, knows dozens of executives in the biotechnology industry and knows how they struggle to make themselves understood to bankers.