GLASTONBURY, Conn. - Open Solutions Inc. has plunked down $9 million in cash for its latest acquisition, a three-site item processing operation in California. OSI (www.opensolutions.com) bought Financial Data Solutions (www.fdsinc.com) from Southwest Community Bancorp. FDSI provides Check 21-enabled imaging and item processing services to financial institutions with total assets...

TRENTON, N.J. - As the top concern of consumers nationwide, identity theft may now also have some legal ramifications for financial institutions. The New Jersey law firms of Pellettieri, Rabstein & Altman and Lynch Keefe Bartels have recently filed a complaint against Bank of America in New Jersey Superior Court,...

ALEXNDRIA, Va. - Net interest margins will shrink for credit unions if they're not willing to take on higher risks that may not be commensurate with returns. In its June 2005 newsletter, NCUA advised CUs to consider laddering purchases out from three to five years as part of their "disciplined"...

RANCHO CUCAMONGA, Calif. - Whenever Diane Spiegel looks at the colorful photo she took in Santorini, she is magically transported back to the Greek island. And that's exactly what she hopes happens to people when they view her images from other destinations, which she has begun marketing on handmade note...