Broadway Financial in Los Angeles plans to raise nearly $10 million through a private placement.
Doral Financial Corp. (DRL), the holding company for Puerto Rico's No. 2 mortgage lender, may soon find out whether a San Juan judge agrees it's owed a $229.9 million tax refund the government has refused to pay.
People's United Financial in Bridgeport, Conn., has successfully recruited a former executive at JPMorgan Chase to join its board.
Though Home Depot's recent data breach compromised 56 million payment cards, more than the 40 million in Target's incident, the company isn't predicting a hit to revenue.
Albina Community Bancorp in Portland, Ore., has filed for bankruptcy.
Santander Holdings USA entered into a written agreement with the Federal Reserve Bank of Boston about managing capital payments after one of its units issued an unauthorized dividend.
Old Second Bancorp in Aurora, Ill., said Wednesday that its chief executive officer, William Skoglund, will retire at the end of this year. He will be succeeded by James Eccher, the company's chief operating officer.
Green Dot plans to acquire Santa Barbara Tax Products Group for about $320 million, a move that will allow the prepaid card provider to add tax refund processing services through partnerships with tax preparers.
Hudson City Bancorp continues to reorganize its management team and board following the death of chairman and chief executive officer Ronald Hermance on Sept. 11.
Regulators have terminated an agreement with Preferred Bank in Los Angeles that required improvements to its data-security system.
Citizens Financial Group in Providence, R.I., has upgraded its education refinance loan product to enable college graduates to refinance federal student loans in addition to private student loans.
Eastern Bank in Boston is raising its profile by installing automated teller machines at travel plazas along some of Massachusetts' most heavily traveled highways.
Park Cities Financial Group announced Wednesday that it is buying CU Bancshares in Dallas and its subsidiary, the $593 million-asset Town North Bank.
The $5.2 billion-asset company intends to use the proceeds from its sale of subordinated notes for general purposes, it said in a press release Wednesday.