Chris Cumming

Independent Bank (IBCP) in Ionia, Mich., has raised $89 million as part of a plan to exit the Troubled Asset Relief Program.

The chief credit officer at Hanmi Financial in Los Angeles has resigned.

Heartland Financial in Dubuque, Iowa, has hired a chief financial officer.

The investor group that plans to recapitalize U.S. Century Bank in Doral, Fla., has reportedly revised its offer to give a larger stake to preexisting shareholders.

Security California Bancorp in Riverside is working with a venture-capital firm to fund high-tech businesses.

Shon Hopwood has taken an unusual path: from bank heists to prison to law school … and now a prestigious federal clerkship.

The surge of institutional money into banking stocks is likely to continue for at least another quarter, according to Keefe, Bruyette & Woods.

An executive at Calvert Financial in Ashland, Mo., has admitted to using funds from the Troubled Asset Relief Program to buy a luxury condominium.

Banesco USA in Coral Gables, Fla., has named an interim president and chief executive to replace Rafael Saldaña, who left Friday.

Independence Federal Savings Bank (IFSB) in Washington, D.C., is taking a second shot at buying Colombo Bancshares in Rockville, Md., three years after the companies called off plans to merge.

The Securities and Exchange Commission has settled charges against a former executive of UCBH Holdings, the parent of the failed United Commercial Bank in San Francisco.

The ratings agency is reviewing its rating of the senior and subordinated debt of six major banks due to indications that the federal government would unlikely support failing institutions, it said in a statement Thursday.

KeyWorth Bank in Johns Creek, Ga., has agreed to buy a branch from Signature Bank of Georgia in Sandy Springs.

Pulaski Financial in St. Louis has repurchased $6 million worth of its Troubled Asset Relief Program shares following their auctioning last year by the Treasury Department.

Allowing online fraud to happen is one of the surest ways a bank can lose its customers' loyalty, according to a recent survey.

BankUnited in Miami Lakes, Fla., has joined with a factoring company to provide funding to small businesses.

American Express topped a new J.D. Power survey, and Capital One was No. 1 in a separate study, but there was a common theme in their rankings: clear disclosures and applications make customers happy.

Community First Credit Union in Appleton, Wis., has renewed its relationship with technology provider Fiserv.

Bank of America has passed a mobile banking milestone: more than one million small business customers are using the Charlotte, N.C., bank's mobile banking application.

A pair of prominent investors are pursuing opposing strategies in their bank investments: Warren Buffett is buying, while David Einhorn is cutting back.