Bank of Hawaii in Honolulu has agreed to pay $9 million to settle a class-action lawsuit in which it was accused of improperly charging overdraft fees on debit card transactions.

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Fear, uncertainty and doubt prevent most U.S. banks from daring to replace their aged core systems today. But Vancouver-based North Shore Credit Union experienced few hiccups and overall happiness with a new core from Temenos.

The Los Angeles company is now telling investors it may scale back its ambitions and raise only what it needs to complete its acquisition of rival Center Financial Corp.

A trio of Colorado congressmen — Ed Perlmutter, Mike Coffman and Scott Tipton — are sponsoring the Capital Access for Main Street Act.

Eagle Bancorp Inc. in Bethesda, Md., said last week that it has received a $56.6 million investment from Treasury and that it will use about $23.2 million of that to repay the remaining balance on a loan it received from the Troubled Asset Relief Program.

Driven by improved asset quality and a widening net interest margin, PacWest Bancorp in Los Angeles reported a profit of $12.8 million in the second quarter, nearly five times what it earned in the same period last year.

Another Friday night of failures brought down four banks in regions that have been all too familiar with closures.

Independent Bank Corp., reported second-quarter earnings of $11.1 million, a 38.5% increase over the year-ago period.

Arrow Financial Corp. reported second-quarter profit of $5.8 million, a 2.4% increase over the same period last year.

Citing improved asset quality and a widening net interest margin, Webster Financial Corp. in Waterbury, Conn., reported a $33.4 million profit in the second quarter, an increase of more than 162% from the same period in 2011.

Aiming to increase its trust assets under management, WSFS Financial Corp. in Wilmington, Del., has formed a seven-member advisory board to help it better serve existing clients and identify new ones.

Shares of Orrstown Financial Inc. fell sharply Friday after the Shippensburg, Pa., company warned that it expects to take a larger-than-expected provision for loan losses in the second quarter.

Tom Considine, who leads the New Jersey Department of Banking & Insurance, has aggressively lobbied federally chartered thrifts, arguing that they're closer than federal regulators, less expensive and they won't dissolve.

The U.N.'s credit union is enjoying big success with EMV compliant cards. Meanwhile, a new international card crime wave puts more pressure on U.S. banks to offer chip-and-PIN cards, which most of the world considers more secure than magnetic stripe.

Despite declining nonperforming assets, Severn Bancorp Inc. in Annapolis, Md., boosted its loan-loss reserves by $3 million in the second quarter.

James Grant discusses shinplasters and the roots of today's moral hazards.

Two New England thrifts have beefed up their commercial lending operations by hiring teams of bankers from recently acquired banks.

Richard Berner, a counselor to Treasury Secretary Timothy Geithner, told members of a House Financial Services subcommittee that the new Office of Financial Research is "working diligently to satisfy its statutory mandates and mission."