Alan Kline

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.

TowneBank in Suffolk, Va., is buying a Raleigh, N.C., insurance agency and merging it into its insurance subsidiary.

ATBancorp in Dubuque has agreed to invest an initial $10 million in United American Bank in San Mateo and will receive warrants to the acquire the bank's 2.5 million shares, at 30 cents each, over the next five years.

New Hampshire Thrift Bancshares Inc., the parent of Lake Sunapee Bank, is entering the insurance business with its buy of McCrillis and Eldredge Insurance.

First Citizens BancShares Inc. in Raleigh, N.C., has retired its IronStone Bank brand and converted IronStone's 58 branches into branches of its First Citizens Bank.

First Financial Corp. in Terre Haute, Ind., is bulking up in Illinois with a deal to acquire Freestar Bank in Pontiac for $47 million.

The president of Home Federal Bank in Sioux Falls, S.D., has stepped down after less than a year on the job.

A private-equity backed North Carolina holding company is acquiring the remaining shares of VantageSouth Bank that it does not already own and merging the bank with its other subsidiary.

Data released Wednesday by the U.S. Small Business Administration shows that banks are willing to finance small businesses — as long as the loans are backed by a government guarantee.

According to new market share data released by the Federal Deposit Insurance Corp. Tuesday, banks and thrifts with $10 billion or more of assets controlled 72% of the nation's bank deposits at June 30, up from 70% at the same time last year and 68.5% in 2008.

Under orders from regulators to beef up its capital levels, Legacy Bank of Florida in Boca Raton has raised $2.8 million in new capital and has deals in place in to receive an additional $13.5 million.