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Summit CU has opened what it is calling an "Inspiration Branch".

Revisiting the way banks, credit unions and nonbank lenders operate (and collaborate) will offer choices, protections and a path to greater financial security.

The Illinois Department of Financial and Professional Regulation has closed the $58.4 million-asset Covenant Bank on Chicago's West Side.

Lorraine Miller, MidSouth Bancorp's director of mergers and acquisitions, has added the role of treasurer, but the company says her new duties are not a signal it would stop hunting for deals.

Salisbury Bancorp (SAL) in Lakeville, Conn., said Friday that its chief financial officer is stepping down.

JPMorgan Chase's website suffered outages for a few hours on Friday. The nation's biggest bank by assets says it is researching the cause.

A Maryland legislator has introduced a bill that would open the way for the creation of a state-run bank.

PremierWest shareholders are scheduled to vote Tuesday on its proposed sale to the holding company of AmericanWest Bank. At 43% of tangible book value, some of them might be reluctant.

The arrangement is designed to give the bank some high-level mortgage expertise, but some industry observers have raised questions about the size of the $100,000 monthly fee.

The anonymous digital currency Bitcoin, which is already accepted on the Wordpress blogging site, has another mainstream partner. Reddit, the social news and entertainment site, now accepts bitcoins as payment for Reddit Gold, a subscription service.

Credit card delinquencies rose in January, but chargeoffs fell and portfolios appear likely to extend a streak of strong performance in the months ahead.

Late-night comedian Stephen Colbert's show on Feb. 14 was almost entirely devoted to financial services issues, including an attack on Wells Fargo's decision to fire a call center employee and a cameo by Sheila Bair.

Bankers want to get a better understanding of how to run their businesses at a time of regulatory uncertainty.

The American Bankers Association announced Feb. 12 that Jason Kratovil has been hired as vice president and deputy executive director for the ABA's Card Policy Council. His first day is Feb. 19.

In a letter to the Consumer Financial Protection Bureau, the U.S. Chamber of Commerce said the agency needed to guard against unclear and inefficient supervision, recommending several changes.

President Obama's executive order on cybersecurity calls on intelligence agencies to share information about digital threats with the private sector, but the agencies may have trouble sharing information themselves.

Charter Financial in West Point, Ga., has begun the stock offering for its second-step conversion.

Boosting regulatory oversight of Wall Street firms will better allocate examiner resources to the riskiest financial firms and help reduce unnecessary burdens on community banks.

An investor with a history of forming and selling banks has bought a large stake in Liberty Bell, a Philadelphia-area bank.