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BRIEF-Capital Bank Financial says Capital Bank Corp entered into a settlement regarding alleged improper assessment and collection of overdraft fees

Sept 22 Capital Bank Financial Corp

* On september 16, capital bank corp -entered into a settlement regarding alleged improper assessment and collection of overdraft fees

* Co will pay $1.5 million to settle litigation which will be payable after preliminary court approval of settlement

* To not use weekend,holiday batch processing for at least 36 months following final court approval of the settlement

* To not use debit re-sequencing, weekend,holiday high-to-low posting for at least 36 months following court approval of settlement Source text for Eikon: (bit.ly/2d3zapv) Further company coverage:

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