Proposed new rules from the CFPB could wind up forcing banks out of the small-dollar lending business, leaving cash-strapped consumers with fewer borrowing options.

First United in Oakland, Md., will exit the Troubled Asset Relief Program after winning an auction to repurchase a warrant from the U.S. Treasury Department.

Westbound Bank in Katy, Texas, has promoted Troy England, chief lending officer, to president.

Atlantic Coast Financial in Jacksonville, Fla., has named Tracy Keegan its full-time chief financial officer.

Several Puerto Rican banks are dealing with a sour participation to a major utility on the island. The creditor — like the Puerto Rican government — is barred from filing for bankruptcy, complicating matters for its lenders.

Harvard Illinois Bancorp, which has struggled with persistent activist pressure and exposure to a fraud scheme, is preparing to wind down its operations.

New York Community Bancorp Inc. Chief Executive Officer Joseph Ficalora didn't have to pay taxes on $2.84 million in restricted stock he collected last year. His company picked up the tab.

Customers Bancorp will offer free financial coaching to customers of its mobile-banking product who maintain higher monthly deposits.

Fidelity Southern in Atlanta has agreed to buy the Florida branch network of First Banks Inc. of Clayton, Mo.

Cuba has found a Florida bank willing to handle its future business in Washington, removing a major impediment to the communist country opening an embassy in the U.S.

Benjamin Lawsky, the New York regulator known for aggressive investigations and headline-grabbing fines against financial firms, is stepping down, and he reportedly plans to make a living offering banks and other companies advice.

The Korean-American bank is looking to diversify its balance sheet and revenue streams before it hits $10 billion in assets. The commercially focused lender hopes such efforts will help it once more regulation kicks in.

In the first part of a three-part conversation, CommonBond Chief Executive David Klein argues that large and small banks have different roles to play in the marketplace lending ecosystem.

Let Target's settlement with MasterCard over the retailer's massive data breach serve as a reminder of the need for all participants in the payments system to play by the same set of rules.

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

More banks are steadily raising and reinstating cash dividends. Bankers say the increases reflect improving confidence with the economy, though some investors contend that higher payouts signal challenges deploying capital.

Polonia Bancorp in Huntingdon Valley, Pa., has hired Joseph Svetik as its president and chief executive. Svetik recently served as a director of JTNB Bancorp and, before that, had been president and CEO of ESSA Bancorp.

Isabella Bank in Mt. Pleasant, Mich., has agreed to buy a branch from Independent Bank in Grand Rapids, Mich.

It's a good idea to raise the asset threshold at which financial institutions are automatically designated as systemically important financial institutions. But Sen. Richard Shelby's proposed legislation for regulatory relief does require one crucial change.

First Capital Holdings in New York has shed three businesses.