Alan Kline

A Newport Beach, Calif., firm that buys problem loans from banks has struck its second deal in less than a week.

Large banks control the lion's share of the industry's total outstanding loans, but smaller banks are adding loans at a faster clip, according to a new report from Keefe, Bruyette & Woods.

Sound Financial in Seattle is nearing its conversion a fully stock-owned company.

Seeking to increase its visibility in northern California, American River Bankshares (AMRB) in Sacramento has combined its three separately named banks under the name of its flagship brand.

BOK Financial in Tulsa, Okla., has acquired the Milestone Group, a boutique investment firm in Denver that caters to high-net-worth families in Colorado and Nebraska.

Sabal Financial, a Newport Beach, Calif., firm that invests in distressed assets, has acquired $69 million of loans from BB&T (BBT) of Winston-Salem, N.C.

Eight months after abandoning plans to sell itself, BankUnited (BKU) in Miami Lakes, Fla., is once again weighing offers from potential buyers, the New York Post reported Friday.

Shares of United Bancorp (UBCP) fell sharply Thursday after the Martins Ferry, Ohio, company announced that it was cutting its quarterly dividend in half in order to preserve capital.

Two years after converting the preferred shares it owned in Sterling Financial (STSA) into common stock, the Treasury Department is now looking to sell those shares on the open market.

In its ongoing effort to distinguish itself as a specialty lender, the Jacksonville, Fla., company announced Monday that it has established a golf lending division and that it has hired a team of lenders away from TCF Financial (TCB) to run it.

The chairman of the House Financial Services Committee is urging federal banking regulators to extend the comment deadline on Basel III capital reforms for another 90 days to give bankers more time to digest the rules and better assess their impact.

OceanFirst Financial announced Friday that its president and chief operating officer, Vito R. Nardelli, is stepping down at the end of August "to explore various professional and personal opportunities."

Add Sterling Bancorp (STL) in New York to the growing list of community banks ramping up in residential lending.

New data in lending trends seems to offer fresh evidence that many businesses are opting to hold on to their capital rather than invest in new plants or equipment.

BB&T (BBT) in Winston-Salem, N.C., said Tuesday that it has completed its acquisition of BankAtlantic in Fort Lauderdale, Fla., after it received final approvals from the Federal Reserve Board and the Federal Deposit Insurance Corp.

German banking giant Deutsche Bank announced Tuesday that it is eliminating 1,900 jobs — including 1,500 at its investment bank — in a move it says would reduce expenses by 350 million euros, or roughly $430 million in U.S. dollars.

Following an extensive search for a new chief executive, the board at HF Financial (HFFC) in Sioux Falls, S.D., has determined that its interim CEO is the best person for the job.

Old National Bancorp in Evansville, Ind., said Monday that its second-quarter earnings climbed 25% from the first quarter, to $27.2 million, as net interest income rose while expenses fell.

The Community Bank, a struggling mutual thrift in Massachusetts, has given up its bid to stay independent and will instead merge with Eastern Bank, the state's largest financial institution.

Shares of United Community Banks Inc. fell sharply Thursday morning after the Blairsville, Ga., company reported earnings that came in well short of analysts' estimates.