Alan Kline

Provident Financial Holdings Inc. in Riverside, Calif., is back in good standing with its regulator.

Citi's venture capital arm is betting that Billing Revolution is poised to take its one-click mobile purchasing service to the next level.

The Federal Reserve announced Tuesday that it has approved Bank of Montreal's application to acquire Marshall & Ilsley Corp. of Milwaukee, clearing the way for the deal to close July 31.

A California community bank will be among first financial institutions to participate in the government's $30 billion small-business loan program.

Stacy L. Moran has resigned as chief financial officer at Suffolk Bancorp, just weeks after the Riverhead, N.Y., company announced that it may have to restate earnings for several quarters.

Provident Bank in Montebello, N.Y., announced Monday that longtime President and Chief Executive Officer George Strayton is retiring and that its board has hired former KeyCorp executive Jack Kopnisky to succeed him.

Shares of Hanmi Financial Corp. fell sharply Monday on news that the Los Angeles company is planning to raise roughly $75 million by selling shares of its common stock.

PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.

Wisconsin credit unions are urging Gov. Scott Walker to strike a provision from the state's budget that would allow state-chartered credit unions to more easily convert to banks.

PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.

On Monday, Reuters reported that HSBC Chief Executive Officer Stuart Gulliver told reporters at a World Economic Forum conference in Jakarta that if it cannot find a buyer, HSBC intends to put the card business "into rundown."

Boston Private Bank & Trust has sold one of its four Seattle-area branches to fast-growing Heritage Financial Corp.

First Midwest Bank in Itasca, Ill., has hired longtime Chicago-area banking executive Mark G. Sander as its new president and chief operating officer.

Bank of Georgetown in Washington, D.C., has raised more than $25 million in fresh capital that it will use to fund its continued expansion in the city and surrounding suburbs.

Small-business owners prefer bank loans over other forms of financing, but banks remain reluctant to lend due to pressure from their regulators, according to a survey released Monday by the Graziado School of Business and Management at Pepperdine University.

Boston Private Bank & Trust has sold one of its four Seattle-area branches to fast-growing Heritage Financial Corp.

First Midwest Bank in Itasca, Ill., has hired longtime Chicago-area banking executive Mark G. Sander as its new president and chief operating officer.

On Monday, Reuters reported that HSBC Chief Executive Officer Stuart Gulliver told reporters at a World Economic Forum conference in Jakarta that if it cannot find a buyer, HSBC intends to put the card business "into rundown."

Ally Financial Inc. apparently will wait for the slumping stock market to recover before pursuing an initial public offering.

Having already raised $50 million in fresh capital this year, Seattle Bank announced this week that it has received another $12 million from investors that its chief executive officer said the once-ailing bank would use to accelerate its growth plan.