Alan Kline

Capital One Financial (COF) in McLean, Va., has slashed nearly 500 assistant branch manager positions nationwide in a cost-cutting move aimed it improving its overall efficiency.

The regional bank is expanding into the Golden State's central coast region with its first open-bank deal in five years.

DNB First in Downington, Pa., is acquiring a branch in nearby Boothwyn from Capital Bank of Rockville. Md.

Ailing Orrstown Bank in Shippensburg, Pa., has named a former chief lobbyist at the American Bankers Association to its board of directors.

Saxon Mortgage, a servicing firm owned by Morgan Stanley (MS), is shuttering two of its Texas processing facilities and laying off roughly 680 of its workers.

The asset-management arm of Fifth Third Bancorp (FITB) announced Thursday that it is selling the assets of 16 mutual funds and about $5 billion in money market fund assets in two separate transactions.

Western Capital in Boise, Idaho, is expanding into neighboring Oregon with a deal to acquire the $104 million-asset Northwest Bank in Lake Oswego.

First Southern Bank in Boca Raton, Fla., announced Wednesday that its president, Lynne Wines, has added the title of chief executive officer and has been elected to its holding company's board of directors.

An ailing Milwaukee community bank that needs to bolster its capital levels is about to receive a significant cash infusion from a prominent local family.

John Delaney, the founder and chairman of CapitalSource in Bethesda, Md., has won the Democratic nomination for a redistricted Congressional seat and will square off against Republican incumbent Roscoe Bartlett in November's general election.

Hugh Long, the president of Wells Fargo's (WFC) Pennsylvania and Delaware market is leaving the post to become the bank's new head of business banking.

Signaling their optimism about the state of the economy, many bankers are predicting that problem loans will moderate and consumer lending will perk up over the next six months, according to a new FICO survey released Tuesday.

Signature Bank (SBNY) in New York has launched a new specialty finance company and has hired a team of executives away from rival Capital One Financial (COF) to run it.

Consumers are becoming less satisfied with their credit cards rewards programs as conditions such as expiration dates and spending minimums have diminished the experience, according to a new survey.

Bank of America (BAC) has hired more than 90 small-business lenders in the Southeast as part of a broader push to add 1,000 relationship bankers throughout the country by the middle of the year.

First Savings Bank Northwest in Renton, Wash., has been released from a formal enforcement order with its regulators after substantially reducing its problem loans and demonstrating that it can earn money on a consistent basis.

Shares of Doral Financial (DRL) shot up Monday after the San Juan, P.R., company said in its annual report that the reclassification of a previously reported tax overpayment will result in a significant boost to its capital levels.

The Nasdaq stock exchange has warned Enterprise Financial Services Corp. (ESFC) in St. Louis that its stock is in danger of being delisted because the company has yet to file its 2011 annual report with the Securities and Exchange Commission.

Three weeks after completing an acquisition for one small Pennsylvania bank, S&T Bancorp in Indiana, Pa., has struck a deal for another.

Wilshire Bancorp in Los Angeles has exited the Troubled Asset Relief Program by repurchasing the bulk of its shares it issued to the Treasury Department at a slight discount.