Cap Markets

The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer.

The acquisition will provide South State with more than $3 billion in assets and a larger operation in North Carolina.

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year.

The deal is the latest coastal acquisition for United Community. For HCSB, the sale is the final chapter in a turnaround that began 13 months earlier.

Mariner Kemper, UMB's chief executive, said he struggled with the decision to sell Scout Investments to Raymond James. Selling made more sense than pumping more capital into the beleaguered business.

The Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital.

The payout for 2016 brings CO-OP's total patronage to nearly $400 million since 1996.

The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing.

B of A, JPMorgan and Citi beat trading estimates unlike Goldman Sachs, but the investment bank still doubled its quarterly profits.