Cap Markets

A group has filed an application for form a bank in Birmingham, a city with a large pool of bankers and a steadily growing economy.

The California company is set to pick up a dozen branches after it buys FNB for $315 million.

The $74 million acquisition will allow First Mid-Illinois to expands it operatations in the Champaign-Urbana region in Illinois.

The bank, which agreed to acquire Hibernia Bancorp for $28 million, will adopt the seller's name after completing the deal.

MFA Acquisition, which plans to keep Maryland Financial Bank's name, wants to add more products and services after the deal closes.

ReliaMax is an unusual kind of marketplace lender that says it can help regional and community banks take advantage of business opportunities in private student lending.

The proposed CommerceOne Bank in Birmingham, Ala., would be run by former executives at First Partners Bank, which was sold earlier this year.

Farmer Mac has terminated President and CEO Timothy Buzby for violating company policies not related to its financial and business performance.

Columbia Financial will sell about 43% of its stock in a public offering that could raise up to $493 million.

The U.S. is taking steps to stamp out the practice of servicemembers and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for lenders.