Alan Kline

Seven months after it was created through the merger of Nara Bancorp and Center Financial, BBCN (BBCN) Bancorp in Los Angeles has repaid the funds its two predecessor companies received from the Troubled Asset Relief Program.

Capital One Financial (COF) has chosen a site outside of Richmond, Va., as the home for its new $150 million data center.

The bank's holding company, TCF Financial, said Wednesday that following "multiple layers" of interviews and surveys with its customers, bank officials have decided to do away with monthly maintenance fees on its retail checking accounts.

Wells Fargo has begun rolling out mobile remote deposit in select markets and plans to offer the service nationwide by the end of this year, according to a news report.

JPMorgan Chase (JPM) announced Wednesday that it has begun supplying retailers and other merchants with new payments terminals that can accept payments from smartphones and cards embedded with computer chips as well as traditional debit and credit cards.

Banks and Farm Credit lenders are typically rivals, but Huntington Bank and GreenStone Farm Credit Services have set aside their differences to come to the aid of Michigan fruit growers and processors.

The Federal Reserve Board has issued enforcement orders against two community bank holding companies requiring them to serve as sources of strength for their struggling bank subsidiaries.

A small Chicago bank that is largely owned by the members of an area church has warned that it could fail if it does not raise additional capital.

Already a market leader in Chicago and Milwaukee, BMO Harris Bank is eyeing "tuck-in" acquisitions in St. Louis, Minneapolis and Kansas City in its quest to achieve top five deposit share in all of its major markets.

Struggling First Place Financial (FPFC) in Warren, Ohio, has turned to longtime banking executive Louis Dunham to help lead its recovery.

Citigroup (NYSE: C) has named a new head of small-business banking and created a new position within the group to help it better identify potential customers.

The Treasury Department is auctioning off shares it owns in seven more community banks still left in the Troubled Asset Relief Program and at least five of the banks intend to bid on all or some of the shares themselves.

A year after completing its acquisition of M&I Bank in Milwaukee, Bank of Montreal's BMO Harris Bank said it is shuttering 17 branches in Wisconsin, as well as five branches in Indiana and one each in Illinois and Kansas.

Armed with $150 million of fresh capital, Alliance Partners in Chevy Chase, Md., has announced that it is adding an equipment finance unit to go along with its existing corporate lending service.

French banking giant Societe Generale is selling a portion of its shipping loan portfolio to Citigroup (NYSE:C).

Ixonia Bancshares in Milwaukee has raised $21 million in fresh capital, including $16.5 million from a wealthy family that also owns a stake in the Milwaukee Brewers baseball club.

A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the Louisville, Ky., company should have been aware of the risks it was taking.

Pinnacle Financial Partners (PNFP) in Nashville has repaid the remaining $71.6 million of the $95 million it received from the Treasury Department's Troubled Asset Relief Program in December 2008.

Palmetto Bancshares in Greenville, S.C., is shedding more than $40 million of problem loans as part of its ongoing effort to clean up its balance sheet and return to profitability.

A San Antonio community bank owned by the family of prominent businessman Tom Benson is acquiring another small bank in what would be its first-ever acquisition.