Paul Davis | Apr 29
Two executives of the former Southern Community Financial in North Carolina claim in a federal lawsuit that they were "unceremoniously fired" because they refused to surrender their severance deals before Capital Bank bought their company.
Jackie Stewart | Apr 29
Capital problems at smaller banks are likely to push more of them to sell, and many of them should put their holding company through bankruptcy to facilitate deals, says Evan Tomaskovic, a partner at Carl Marks Advisory Group.
Joe Adler | Apr 29
With a federal moratorium on commercial ownership of industrial loan companies coming to an end, the question of whether retailers and other nonfinancial firms should own banks has been turned on its head in the wake of the crisis and Dodd-Frank.
Maria Aspan | Apr 29
Frank Bisignano explains why he left his role as co-COO at JPMorgan Chase to become CEO of First Data, and what his plans are for the payments processor.
Brian Browdie | Apr 29
An increase in interest income and drop in expenses lifted Old National Bancorp in Evansville, Ind., last quarter.
Paul Davis | Apr 29
The lawsuit, filed by two former leaders of Southern Community Financial in North Carolina, claims they were "unceremoniously" fired for refusing to give up their change-in-control benefits.
Maria Aspan | Apr 28
The bank loses another top exec as co-chief operating officer Frank Bisignano leaves to run payment processor First Data. The move further consolidates power with Matt Zames, whose rapid ascent will in leave him as the sole COO.
Dean Anason | Apr 26
Regulators shut down Douglas County Bank in Douglasville, Ga., and Parkway Bank in Lenoir, N.C. Between them they had assets of $425 million and will cost the Deposit Insurance Fund an estimated $105 million.
Chris Cumming | Apr 26
BNC Bancorp (BNCN) in Thomasville, N.C., plans to buy back its Troubled Asset Relief Program shares from investors who bought them in a Treasury Department auction last summer.
Robert Barba | Apr 26
Patience is wearing thin among investors with banks' lack of prospects for producing returns, as a hedge fund official's call for the sale of American River in California shows.
Chris Cumming | Apr 26
HCBF will merge BSA Financial's $168 million-asset Bank of St. Augustine into Harbor Community Bank when the deal closes, the companies said Friday.
Andy Peters | Apr 26
Hancock Holding in Gulfport, Miss., has raised the ire of analysts and investors in an unusual way — by unveiling a plan to cut costs over the next two years.
Brian Browdie | Apr 26
Iberiabank in Lafayette, La., eked out a profit in the first quarter despite a series of large charges. The $12.9 billion-asset company earned $697,000, compared with $19.4 million a year earlier.
Brian Browdie | Apr 26
Rising revenue propelled first-quarter results at Sterling Bancorp in New York. Earnings at the $2.8 billion-asset company rose 13% from a year earlier, to $5.3 million, or 17 cents a share.
Apr 25
Canadian Imperial Bank of Commerce's last two U.S. wealth-management acquisitions offer a "good range" of the size of the lender's appetite for future deals, CEO Gerald McCaughey said.
