Paul Davis

Cardinal Bankshares Corp. in Floyd, Va., said Friday that its third-quarter earnings nearly tripled year over year, to $829,000.

The $889.4 million-asset company said late Wednesday that it was selling about 62% of its stock still owned by its mutual holding company, or up to 8.7 million shares of common stock, at $8 a share.

The $615.2 million-asset parent of Delaware County Bank and Trust is offering voluntary retirement packages under a plan to cut costs by $1 million.

Still awash with deposits and seeing limited opportunity to make loans, banks are trying to lift net interest margins by shrinking long-term debt.

A vote of confidence in Dodd-Frank from Yale economist; former WH adviser's Freudian slip at conference draws laughs; Capital One makes a splash with "Savings Pool" promotion; and more.

Banco Bilbao Vizcaya Argentaria SA's U.S. operations posted a third-quarter profit but problematic loans crept up slightly.

Banco Bilbao Vizcaya Argentaria SA's U.S. operations posted a third-quarter profit as problematic loans crept up slightly.

Two of the banking industry's biggest turnaround challenges fell further behind the pack in the third quarter, and it's now up to their rookie CEOs to turn on the afterburners.

Capital One Financial Corp. plans to open a call center in Virginia and hire more than 1,000 workers over the next year.

Synovus Financial Corp. reported its ninth straight quarterly loss, though credit costs continue to decline.

Executives at several regional banks said this week that they have done what they could to resolve credit losses and now must wait on the economy before making more progress.

Plagued by bad press and a struggling stock, Bank of America Corp. tried Tuesday to buy some time by erring on the side of disclosure.

First Horizon National Corp. said declines in problem assets may have hit a temporary wall, with further improvement possibly on hold until mid-2011.

First Horizon National Corp. said declines in problem assets may have hit a temporary wall, with further improvement possibly on hold until mid-2011.

First Horizon National said declines in problem assets may have hit a temporary wall, with further improvement possibly on hold until mid-2011.

Kudos given for TCF's choice of legal representation in Dodd-Frank challenge; Dimon reminded of third-party mortgage broker nightmare; Visa and Citi vet Morris goes PE.

William Cooper, TCF's chairman and chief executive, said Tuesday that its lawsuit against the Federal Reserve Board to block caps on debit card interchange fees is about more than preserving revenue, and that the industry could face worse restrictions if it stands idle.

TCF Financial chief executive William Cooper said Tuesday that his company's lawsuit to block the caps on debit-card interchange fees is about more than preserving revenue.

The $21 billion-asset company said it has filed an application to merge IronStone Bank, its thrift, into First Citizens Bank, a state-chartered bank. IronStone, which was used over the past eight years to expand into states such as Arizona, California and Florida, will continue to operate as a division of the bank.

Banking companies will not maximize their profits if they don't add women and minorities to their boards at a quicker pace, an increasing number of advocates argue.