A Small Business Administration program intended to give veteran-owned companies easier access to loans has come under fire for high default rates that have cost taxpayers over $31 million.

Penns Woods Bancorp (PWOD) in Williamsport, Pa., has picked Robert Glunk to be the next president of Luzerne Bank, a subsidiary it acquired this year.

The Museum of American Finance is dedicating its largest exhibit ever to an examination of the Federal Reserve System's history, culture and role in the U.S. over the past 100 years.

Promotion to CEO roles will continue to be a challenge for women as the industry continues to consolidate.

Two River Community Bank (TRCB) in Tinton Falls, N.J., has hired Anthony Mero as its chief operating officer.

Self-Help Federal Credit Union, the California community development credit union that bought Second Federal Savings & Loan last year, has officially reopened the failed thrift in conjunction with Chicago's Resurrection Project.

The Boston City Council unanimously passed a bill Wednesday aimed at improving banking practices in low- and moderate-income neighborhoods.

East West of Los Angeles hopes that buying MetroCorp in Houston will help its Chinese clients develop business ties in the Lone Star State.

In a return to pre-recession norms, struggling consumers are now just as likely to pay their mortgages as they are monthly credit card bills, according to a TransUnion study released Thursday.

Tracy Grooms, formerly of Bank of America, did not stay retired long. Queens University has hired her to teach undergraduates about banking at its business school, which is named after the most famous B of A exec of all.

James Watson, the bank's president, will become CEO on Oct. 1, the $1.1 billion-asset company said Thursday.

Sevier County Bank in Tennessee decided its loyal customers are its best promotion and created an interactive blog about their experiences with the bank, including the story of one woman who goes 20 miles out of her way to keep banking there.

MidSouth Bancorp in Lafayette, La., plans to list its shares on the New York Stock Exchange on Monday. It will keep its current ticker symbol, MSL.

Chemung Financial (CHMG) in Elmira, N.Y., has lured John Battersby out of retirement to serve as interim chief financial officer.

Westby Co-Op Credit Union in Wisconsin has agreed to buy the deposits and loans of a Walmart branch from Citizens Community Bancorp (CZWI) in Eau Claire, Wis.

Signature Bank (SBNY) in New York has drawn a team of four bankers away from Amalgamated Capital to form a new asset-based lending group.

Sandberg's book has highlighted the need for both men and women to sponsor high potential women and encourage them to take a seat at the table.

East West Bancorp (EWBC) in Pasadena, Calif., has agreed to pay $273 million in stock and cash for MetroCorp Bancshares (MCBI) in Houston.

NewStar Financial, the Boston business lender backed by private-equity firms Corsair Capital and Capital Z Partners Management, is exploring a sale, according to people with knowledge of the matter.

The Central Bank's surprise decision to continue buying mortgage bonds may not spark another refinancing boom, but it could spur more home purchases.