Summit Community Bank in Moorefield, W.Va., said Wednesday that it has shed an enforcement action and completed the first portion of its private placement with Castle Creek Capital Partners.

The growing influence of two directors known for seeking big changes at other banks has raised questions about whether Naugatuck Valley Financial in Connecticut may be put up for sale.

Webster Financial in Waterbury, Conn., has received regulatory approval to acquire the health savings account business of JPMorgan Chase.

First Foundation Bank in Irvine, Calif., has agreed to buy Pacific Rim Bank in Honolulu.

Two community banks recently were permitted to transfer cash to their holding companies. It could be a sign that regulators are changing their attitudes toward such payments now that banks have healthier capital levels.

Bank of Bird-in-Hand in Pennsylvania has hired a president and chief executive.

Liberty Bell Bank in Marlton, N.J., has appointed a new chief executive as it continues to work through credit issues.

FDIC third quarter report shows pop in loan buybacks and indemnifications.

University Bancorp in Ann Arbor, Mich., agreed to acquire the 20% stake in Midwest Loan Services that it doesn't already own for about $3.1 million in stock, cash and other considerations.

Banks and thrifts earned $38.7 billion in the third quarter, a 7.3% increase from a year earlier but slightly down from the $40.1 billion earned in the second quarter, the Federal Deposit Insurance Corp. said Tuesday.

Millennials frequent independent coffee shops and farmers markets, so it stands to reason they'll see the appeal in community banks. Meanwhile, smaller lenders can court young people by appealing to their entrepreneurial spirit.

Growing income inequality is said to be a major reason most consumers plan to spend the same or less than last year on holiday shopping, and it could hurt bank and credit union revenues in the fourth quarter and present them other long-term challenges.

In Bangladesh, the microfinance pioneer operates as profitable bank. But the U.S. arm, which lacks a banking license, is pursuing a different strategy.

Anchor Bank in Lacey, Wash., has been released from a state regulatory order.

With new bank chartering at a standstill, the Federal Deposit Insurance Corp. has issued new guidance on de novo capital requirements and other issues in part to "demystify the application process."

Before the CFPB imposes new rules on overdraft fees, it should consider whether restricting consumer access to this feature could drive people to more expensive alternatives like payday loans.

Mike Hagedorn, president and CEO of UMB Bank, talks about how his company's strong fee revenue helps it compete on loan pricing, and whether the bank could return to M&A after years on the sideline.

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Millennial women are making great strides in the workforce, but still "channel their inner ninth grade insecure freshman when it comes to financial matters," according to Fidelity's head of personal investing.

MidWestOne Financial Group in Iowa City has agreed to buy Central Bancshares in Golden Valley, Minn.