Alan Kline

BancorpSouth Inc.'s shares plunged Tuesday after the Tupelo, Miss., company reported an increase in problem loans and Moody's Corp. downgraded its credit rating.

West Coast Bank in Lake Oswego, Ore., has been ordered by the Federal Deposit Insurance Corp. to improve oversight of its overdraft program and reimburse customers who incurred overdraft fees last year using their debit or ATM cards.

In a bid to raise fresh capital, ailing Waccamaw Bankshares Inc. in Whiteville, N.C., is selling eight of its branches in North Carolina and three in South Carolina to rival First Bancorp in Troy, N.C.

But the Green Bay, Wisc., bank is finding new loans and employees thanks to the sale of rival M&I, Flynn says.

Jack Barnes, the president and chief executive at People's United Bank in Bridgeport, Conn., said Thursday that $28 billion-asset has submitted an application to the OCC to switch from a federally chartered thrift to a national bank as part of a broader plan to bulk up in commercial lending.

Glacier Bancorp Inc. in Kalispell, Mont., said late Thursday that it intends to take a goodwill impairment charge of between $30 million and $35 million in the third quarter to reflect the recent decline in its market value.

Astoria Financial Corp.'s shares were down sharply at midday Thursday after the Lake Success, N.Y., lender reported a 48% drop in its third-quarter earnings.

TCF Financial Corp. said Thursday that its third-quarter earnings declined 14% from the same period last year, to $31.7 million, due largely to a sharp drop in fees earned on deposit accounts.

Elouise Cobell, a member of the Blackfeet tribe who founded the first Native-American-owned bank and later was the lead plaintiff in a multibillion-dollar lawsuit against the federal government, died Sunday at 65 of complications from cancer.

TCF Financial Corp. in Wayzata, Minn., has promoted its chief risk officer, Barry N. Winslow, to head of corporate development as part of a broad management realignment aimed at better competing in an increasingly challenging banking climate.

Despite substantial gains in fee income, Arrow Financial Corp. in Glens Falls, N.Y., said Tuesday that its third-quarter profit fell slightly from a year earlier due to weakening demand for home and auto loans and a penalty it incurred for prepaying Federal Home Loan Bank advances.

Elouise Cobell, a member of the Blackfeet tribe who founded the first-ever Native-American-owned bank and later was the lead plaintiff in a multi-billion-dollar lawsuit against the federal government, died Sunday of complications from cancer. She was 65.

JPMorgan Chase & Co. has surpassed Bank of America Corp. as the largest U.S.-based banking company by both assets and deposits.

Rep. Jeff Clemens of Florida has introduced a bill that would make it illegal for banks operating in the state to charge customers monthly fees for using their debit cards.

The owner of Maryland's only ski resort has filed for bankruptcy after defaulting on nearly $30 million of loans to BB&T Corp.

People's United Financial Inc. in Bridgeport, Conn., has hired a former Sovereign Bank executive to lead the expansion of its asset-based lending business.

Buoyed by improved asset quality, Webster Financial Corp. in Waterbury, Conn., said Friday that its third-quarter profit more than doubled from the same period last year, to $41.5 million.

TCF Financial said Thursday that it is acquiring Gateway One Lending & Finance, an Anaheim, Calif., company that uses its relationships with more than 3,100 dealers to make car loans to consumers in 30 states.

More than 85% of community banks say that their overdraft programs have remained profitable despite rule changes that require banks to receive customers' consent before approving overdrafts on debit transactions.

Shares of Commerce Bancshares Inc. were down sharply midday Thursday after the Kansas City, Mo., company reported earnings that fell short of analysts' estimates and warned that new rules limiting debit-card fees could take a bite out of fourth-quarter profits.