Alan Kline

The former chief executive of a failed Florida community bank has been sentenced to six years in prison for lying to regulators about the bank's condition.

M&T Bank (MTB) in Buffalo announced Monday that former Comptroller of the Currency John "Jerry" D. Hawke Jr. has been elected to the boards of the bank and its holding company.

Pennsylvania's House of Representatives has voted unanimously to use all the funds received from the national mortgage settlement to help at-risk homeowners rather than use a portion of it to plug budget gaps.

Privatebancorp (PVTB) in Chicago is in no rush to boost its dividend, preferring instead to use any excess capital to grow earning assets and invest in new products.

Grandpoint Capital announced late Monday that it is buying NCAL Bancorp, the holding company for the National Bank of California, a $341 million-asset bank with five branches in southern California.

Activist investor Joseph Stilwell has stepped up his campaign to oust the chief executive at First Financial Northwest (FFNW) in Renton, Wash.

Beneficial Mutual Bancorp (BNCL) in Philadelphia said Friday that it has completed its acquisition of hometown rival SE Financial and that SE Financial's former president and chief executive, Pamela Cyr, has joined Beneficial as its chief retail officer.

ViewPoint Bank in Plano, Tex., is selling its home lending unit to a Dallas-based nonbank lender as part of its continued shift from a thrift to a commercial bank.

John Medlin Jr., the longtime chairman and chief executive at Wachovia Corporation and one of the most respected bankers of his generation, died Thursday, according to news reports. He was 78.

West Virginia Rep. Shelley Moore Capito has asked the Federal Deposit Insurance Corp. to provide Congress with a detailed analysis on the performance of the Transaction Account Guarantee program in order help lawmakers decide to whether or not to extend the four-year-old program when it expires Dec. 31.

More banks and business owners would tap the U.S. Small Business Administration's loan guarantee programs if the SBA would streamline the application process, M&T Bank (MTB) Chairman and Chief Executive Robert Wilmers said Thursday.

Pennsylvania's banking regulator has freed Metro Bank in Harrisburg, Pa., from a two-year-old enforcement order resulting from violations to the Bank Secrecy Act.

In what would be its first acquisition in its 11-year history, Westfield Bancorp in Westfield Center, Ohio, is buying Western Reserve Bancorp in nearby Medina for about $18 million in cash.

Two years after postponing its planned conversion to a 100% stock-owned company, Northfield Bancorp, a mutual holding company in Avenel, N.J., is finally ready to take that second step.

Mercantile Bank Corporation (MBWM) in Grand Rapids, Mich., has completed its exit from the Troubled Asset Relief program by repurchasing the $10.5 million of stock that was still held by the Treasury Department.

Fox Chase Bancorp (FXCB) in Hatboro, Pa., is planning to restructure its balance sheet this quarter in an effort to better position itself for potential changes in interest rates and improve its net interest income.

First Republic Bank (FRC) is opening a new private banking office in downtown Los Angeles and has brought in a longtime local business banker to help drive its growth in the market.

Post Oak Bank in Houston is looking to raise roughly $20 million through a stock sale and could use at least a portion of the proceeds to make its first-ever acquisition.

Third Federal Savings & Loan Association in Cleveland has promoted Chief Retail Officer Meredith S. Weil to the position of chief operating officer, effective July 6.

A federal judge has ordered State Street Corporation (STT) to try to reach an out-of-court settlement with an Arkansas pension fund that has accused the Boston custody bank of overcharging it on foreign-exchange currency trades.