Alan Kline

BofI Holding

First Niagara Financial Group Inc. Buffalo announced a series of moves after the stock market closed Tuesday aimed at raising the capital it needs to complete its acquisition of 195 upstate New York branches from rival HSBC Bank USA.

Shares of SunTrust Banks Inc. fell more than 6% Tuesday after the company's chief executive said that he expects costs associated with repurchasing soured mortgage loans to increase in the fourth quarter.

Continuing its expansion in entertainment hotbeds outside of Southern California, City National Bank in Los Angeles has opened its first banking office in Atlanta.

A second independent advisory firm has weighed in on pending board elections at HF Financial Corp. and this one is urging shareholders to cast their ballots for candidates supported by management.

Bank of America Corp. has agreed to pay $315 million to settle claims that its Merrill Lynch unit made false and misleading statements about the quality of mortgage-backed securities it sold to investors.

The Arkansas Bankers Association announced Friday that President and Chief Executive Kenneth D. Hammonds will retire at the end of this year and will be replaced by the trade group's chief operating officer, William R. Holmes.

A dissident shareholder's bid to win a seat on the board of HF Financial Corp. received a boost Friday after an independent advisory firm endorsed his candidacy.

Bank of America Corp.'s head of online banking is defecting to rival JPMorgan Chase & Co.

Freed from an enforcement order that had restricted its growth, Royal Bancshares Inc. in Narberth, Pa., has brought in a seasoned veteran to lead its expansion in small-business lending.

Porter Bancorp Inc.'s largest outside shareholder says that the Louisville, Ky., company continues understate its level of problem loans despite its recent claims that its allowance for loan losses is sufficient.

Associated Bank in Green Bay, Wis., has agreed to pay $13 million to exit a class-action lawsuit that accuses it and other banks of processing debit card transactions in a manner that maximized fees from overdrafts.

PNC Financial Services will not need to issue additional shares of common stock to complete its $3.45 billion acquisition of RBC Bank USA, the Federal Reserve Board said.

Coming off its 13th consecutive quarterly loss and struggling to meet capital requirements set by regulators, Atlantic Coast Financial Corp. in Jacksonville, Fla., is considering selling itself to another bank.

Mission Community Bank in San Luis Obispo, Calif., has named Tom L. Dobyns, a longtime California community banker, as its new chief executive.

Two Los Angeles community banks largely owned by the same investment group are planning to merge - the latest in a string of deals between California banks.

In the last three months of 2010, banks, credit unions and other lenders made $12 billion of Small Business Administration-backed loans, the most in any quarter in the SBA's history and more than double the volume in any quarter over the last four years.

David Greiner has resigned as president and chief executive of Tri-Valley Bank in San Ramon, Calif., and has been replaced by the bank's chairman, Arnold Grisham.

Citizens Financial Group Inc. in Providence, R.I., is eliminating underutilized branches and laying off dozens of employees across its 12-state market area as part of a broader effort to trim overhead and improve efficiency.

The nation's 10 largest retail banks are at risk of losing $185 billion of deposits over the next year as customers will look to move primary accounts to community and regional banks that they perceive as being more consumer friendly.