Alan Kline

Park National in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

ECB Bancorp Inc. in Englehard, N.C., is planning to raise $75 million in a private stock offering and intends to use a portion of the funds to exit the Treasury Department's Troubled Asset Relief Program.

Park National Corp. in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

People who repeatedly overdraw their accounts are very profitable, but Rusty Cloutier, CEO of Midsouth Bank i Lafayette, La., isn't so sure what's good for his bank is necessarily good for these customers.

Glens Falls National Bank and Trust Co. in New York has promoted Thomas J. Murphy to president of the bank and senior vice president of its parent company, Arrow Financial Corp., effective July 1

The Office of the Comptroller of the Currency is advising all national banks to thoroughly assess their own foreclosure policies to ensure that they treat borrowers fairly and are in compliance with foreclosure laws.

Merger-and-acquisition activity may be slow in most regions of the country, but it is picking up steam in California.

Several of the nation's largest financial services firms have teamed to recapitalize the ailing Carver Bancorp, which has been under an enforcement order since March to boost its capital ratios.

With prepaid products becoming more and more sophisticated, federal regulators are asking banks that offer such products to develop comprehensive risk-management policies and procedures to guard against potential fraud.

Private-equity groups and other have investors have committed roughly $515 million to recapitalize the ailing First BanCorp in San Juan, P.R., setting the stage for the $15 billion-asset company to convert its preferred stock owned by the Treasury Department into common stock.

CenterState Banks Inc. in Davenport, Fla., has sold off a chunk of nonperforming loans in a deal that it says would free up capital that it could use for future expansion.

Richard M. Riccobono, the former chief executive at the Federal Home Loan Bank of Seattle and one-time deputy director at the Office of Thrift Supervision, has landed a new job as the chief banking regulator in Washington State.

Cash-strapped Santa Lucia Bancorp in Atascadero, Calif., has called off its plan to raise capital through a stock offering because it has found a buyer instead.

Just days after abruptly resigning from Citigroup's board, Jerry Grundhofer has emerged as the likely candidate to succeed Gabriel Jaramillo as chairman as of Sovereign Bank.

Hanmi Financial Corp.'s on-again, off-again relationship with South Korean banking giant Woori Finance Holdings Co. is back on again.

Citigroup Inc. announced late Friday that former U.S. Bancorp Chairman Jerry A. Grundhofer has resigned from its board of directors, effective immediately.

Citigroup Inc. announced late Friday that former U.S. Bancorp Chairman Jerry A. Grundhofer has resigned from its board of directors, effective immediately.

MB Financial Inc. in Chicago is selling the bulk of its problem real estate and construction loans to a California investment group that has been an active acquirer of failed-bank assets.

A major investor in Meta Financial Group has grown impatient with the company's sagging stock price and is urging the Storm Lake, Iowa, bank holding company to sell itself.

A major investor in Meta Financial Group has grown impatient with the company's sagging stock price and is urging the Storm Lake, Iowa, bank holding company to sell itself.