FirstBank in Lexington, Tenn., has agreed to buy Northwest Georgia Bank in Ringgold.
Ocwen Financial's shares jumped 19% to more than $10 a share as of late morning Friday, the day after it reported a first-quarter profit and highlighted an expansion into mortgage lending.
Hanmi Financial has opened loan production offices in New York and Georgia.
First BanCorp in San Juan, Puerto Rico, has been released from a consent order with the Federal Deposit Insurance Corp.
Simmons First National in Pine Bluff, Ark., has agreed to buy Ozark Trust and Investment Corp. in Springfield, Mo.
Patricia Goldstein, the commercial real estate finance pioneer, veteran workout banker and mentor of many of today's top female executives, died Thursday in Highland Beach, Fla. She was 69.
Federal banking regulators are putting pressure on a dozen or more states to begin regulating appraisal management companies within their borders.
Marketplace lender Social Finance has expanded its education loans to parents of students in 49 states and the District of Columbia.
The $129 million-asset bank said in a press release Thursday that Robert ODonnell will remain its chairman even though he is retiring as CEO.
WASHINGTON Rep. Sean Duffy, R-Wisc., introduced a bill Thursday that would require regulators to be more transparent as they negotiate global insurance standards.
The SAFE Transitional License Act would allow registered lending officers to work at independent mortgage banks for 120 days while they complete state testing and licensing requirements.
Hudson City Bancorp in Paramus, N.J., reported a staggering plunge in earnings after an unexpected delay of its sale to M&T Bank.
Visa, the world's biggest payments network, posted a fiscal second-quarter profit that beat analysts' estimates as consumer-card spending rose.
Another Bank of America executive has joined Novantas, a maker of financial-analytics software for banks.