The Federal Deposit Insurance Corp. is suing four former officers and directors of a failed Baltimore bank for more than $7.4 million in damages.

Unity Bank, a subsidiary of Unity Bancorp Inc. (UNTY) has opened a new division that will offer a wide range of investment products and services aimed at helping customers to grow and preserve wealth.

Business Partners, a credit union service organization in Northridge, Calif., has named financial services veteran Pamella Easley as its president and chief executive officer.

Try and expense hot chocolate or facial tissue for employees at Prosperity Bancshares, and Chief Financial Officer David Holloway is likely to give you an earful, his boss warns.

How do you top a guest speaker like all-everything quarterback Joe Montana at your banking conference? Bring in his former 49er teammate Jerry Rice, the ICBA decided.

The $21 billion-asset Webster has become the official bank of Yale University athletics, it announced last week. The three-year agreement will give Webster advertising and promotional opportunities at Yale sporting events and venues.

By assessing internal needs, planning how to deal with the external pressures and weighing the value of a good risk chief, banks can make an informed decision on who guides their risk management program.

The subsidiaries of the $4.4 billion-asset company will be merged into Simmons First National Bank by August 2014, according to a Wednesday filing with the Securities and Exchange Commission.

Bank of the Ozarks (OZRK) on Wednesday finalized the cash acquisition of Bancshares in Houston, as well as its wholly-owned subsidiary Omnibank, for $21.5 million.

Consumer Financial Protection Bureau managers are far more likely to rate white employees highly than minorities, data obtained by American Banker shows. The figures reflect broad personnel problems inside the agency and are likely to give rise to claims that it's failing to uphold standards it punishes others for violating.

The Consumer Financial Protection Bureau's employee ratings show the same sorts of racial patterns that it has castigated bankers for permitting in the loan market. American Banker staffers discuss what may be behind the numbers and what they may mean for bankers and policymakers.

Riverview Community Bank in Vancouver, Wash., has promoted Daniel Cox to executive vice president and chief credit officer.

Predictions vary widely on how hard it will be for foreign banks to comply with a new capital rule from the Federal Reserve. Many will have to sell branches or loans, or they may just need to shuffle some legal paperwork, depending on whom you speak with.

More bankers want to use YouTube and other social media to get customers, but they often struggle with they should say or do in their campaigns. Here are three tips, including have fun and avoid repeating traditional ads.

Bankers at this year's ICBA convention in Hawaii expressed hope that an increase in loan applications — as well as some relief from pending regulations — will bode well for 2014 and beyond.

HomeStreet, the parent company of the $3 billion-asset HomeStreet Bank, plans to sell two pools of residential loans that it will continue to service.

Park Sterling Corp. (PSTB) in Charlotte has agreed to buy Provident Community Bancshares (PCBS) in Rock Hill, S.C.

Community West Bancshares in Goleta, Calif., has promoted Michael Phlaum to executive vice president and chief operating officer of its bank unit.

Eastern Bank, a mutual thrift in Boston, can only offer cash when trying to buy other banks. Many sellers prefer stock, but Eastern has been able to consistently make acquisitions using its all-cash approach.

Citadel EFT, a credit card processing firm, announced Tuesday that it is exploring ways to allow state-licensed marijuana businesses to accept electronic payments from their customers.