Naugatuck Valley Financial (NVSL) in Connecticut has named a longtime financial manager to become its interim chief financial officer.

WASHINGTON — Bank and credit union regulatory agencies issued additional guidance late Wednesday endorsing "prudent efforts" by financial institutions to aid customers affected by Hurricane Sandy.

Regulators pledged Wednesday to heed concerns of community banks and ensure that a final rule implementing Basel III capital and liquidity requirements does not harm smaller institutions.

Cathleen Nash lays out Citizens Republic's reasons for selling itself to FirstMerit, and says she expects many more banks to face the same tough choice.

With financial institutions worried the Consumer Financial Protection Bureau will hinder business innovation, the agency on Wednesday argued that one of its mandates is the exact opposite.

Fraudsters are increasingly preying on the default servicing end of the mortgage lifecycle, where traditional detection methods have not been deployed. Fortunately, there are new ways to spot red flags.

Republic Bancorp (RBCAA) of Louisville, Ky., and FedFirst Financial Corp. (FFCO) of Monessen, Pa., are planning to return more of their capital to shareholders as the fiscal cliff looms.

Taylor Capital Group is the third Chicago-area bank to announce a capital raise to fuel growth in the past two weeks.

Community bankers are fighting a battle along two fronts: working to get the Transaction Account Guarantee program extended, and looking for new sources of liquidity in case the program ends.

WASHINGTON — The Federal Deposit Insurance Corp. on Wednesday announced an April 2014 closing date for its Jacksonville, Fla., office established during the financial crisis to handle elevated failures.

Fulton Financial (FULT) has acquired a minority stake in Bryn Mawr Bank (BMTC), the result of Bryn Mawr's largest shareholder liquidating its holding.

With President Obama re-elected and Senate Democrats in the legislative driver's seat, the Dodd-Frank Act is here to stay.

Fewer loan losses and higher fee income helped Carver Bancorp (CARV) in New York narrow its loss in the company’s fiscal second quarter.

Howard Bluver, the chief executive of Suffolk Bancorp (SUBK), wasted little time in delivering on his promise to diversify its balance sheet.

Centrue Financial narrowed its losses despite the deterioration of three problems loans in the third quarter.

State and federal banking regulators encouraged the merger deal between Crescent State Bank and VantageSouth for safety and soundness and other reasons, a proxy filing says.

Companies that are proactive about intentionally harvesting as many diverse viewpoints as possible can inherently derive innovation out of inclusion.

Great Southern Bancorp in Springfield, Mo., is bucking an industry trend toward fee-based lines of business in agreeing to sell its insurance and travel units.

First York Ban Corp in York, Neb., has agreed to acquire Glenvil Cooperative Credit Union, in a rare acquisition of a credit union by a bank.

CIT Group (CIT) in Livingston, N.J., has launched a unit that will originate and underwrite financing for seafaring vessels.