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Foundation Bank in Bellevue, Wash., has taken a $2.9 million charge tied to a fraudulent loan and plans to report a quarterly loss later this week.

ASB Bancorp in Asheville, N.C., has received its second challenge in less than a month from an activist investor. The latest seeks a sale of the company.

AJS Bancorp in Midlothian, Ill., has given its chairman and chief executive the additional title of chief financial officer.

Guardian Mortgage has named a Bank of America executive to succeed Marcia Phillips as chief executive.

A quick look at who's climbing the credit union ladder.

YellowPepper, a Latin American mobile payments firm, named the former president and founder of defunct near-field communication (NFC) firm ViVOTech as its board chair.

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Investors Bancorp in Short Hills, N.J., reported higher second-quarter profit on expanded multifamily, commercial real estate and business lending, as well as lower expenses.

TFS Financial in Cleveland reported lower second-quarter profit due to increased expenses for a range of matters, including personnel costs.

AssetAvenue, a marketplace lender that specializes in commercial real estate finance, announced that it has hired Peter Coleman as its chief financial officer.

Valley National in Wayne, N.J., reported an increase in second-quarter earnings on expanded commercial real estate and business lending.

Santander Consumer USA Holdings expects to endure more credit losses in the coming quarters, as it expands its portfolio of higher yielding, subprime loans. But its CEO sought to assure investors that its profits would far exceed those costs.

Consumers hold tight to the belief that servicers are only concerned about their ability to make payments, despite a growing industry focus on customer experience.

United Bankshares reported higher second-quarter earnings, as the Charleston, W.Va., company boosted lending and kept expenses in check.

Santander Consumer USA Holdings in Dallas reported higher profits due to a spike in gains on loan sales.

Cullen/Frost Bankers in San Antonio reported higher second-quarter profit, as growth in commercial and residential construction loans offset weakness in the energy sector.

BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.

EverBank Financial in Jacksonville, Fla., reported a 20% jump in second-quarter profit, driven by strong consumer and commercial loan volume.

Max Levchin, founder and chief executive of point of sale credit startup Affirm and co-founder of PayPal, has resigned from his position as chairman of Yelp's board.

While rising rates may temporarily improve net interest margin and profits, they will not increase bank stock prices for at least three reasons.