Flagstar Bancorp in Troy, Mich., said its fourth-quarter profit rose 20% to $33 million from a year earlier as its lending rose by nearly half and its expenses fell.

Customers Bancorp in Wyomissing, Pa., plans to raise $24 million in an offering of its preferred stock on the New York Stock Exchange.

A racketeering lawsuit against Sherman Financial Group, one of the country's largest debt buyers, can't move forward as a class action, a federal judge in Indianapolis has ruled.

ServisFirst Bancshares in Birmingham, Ala., has entered the Florida’s Tampa Bay area after hiring the former chief executive of Bay Cities Bank.

Twitter Inc. named Leslie Berland chief marketing officer as it undergoes a major overhaul of its top ranks in an effort to reboot growth.

Too many institutions focus on time-wasting tasks that divert their attention from how to stay relevant in a rapidly changing banking environment.

CVB Financial in Ontario, Calif., has agreed to sell a branch Sierra Bancorp in Porterville, Calif.

Chemical Financial in Midland, Mich., has agreed to buy Talmer Bancorp in Troy, Mich.

A federal appeals court will hear the case of mortgage lender PHH Corp. v. CFPB on April 12, a case the collection industry will be closely watching.

Steve Streit, who founded the prepaid card pioneer in 1999, is taking fire from an investment firm that owns 6.2% of the company.

Bank of America and nine other banks have agreed to pay about $63 million to settle claims they misled the state of Virginia into buying faulty residential mortgage-backed securities.

The $13.8 billion-asset company said Monday after the market closed that it earned $21.2 million, down roughly 26% from a year earlier.

Enterprise Financial Services in Clayton, Mo., has acquired a $21 million loan portfolio as part of its formation of an aircraft financing unit.

Sun Bancorp in Mount Laurel, N.J., has agreed to pay $25,000 to resolve issues connected to the company’s former Sun Home Loans division.

Banks are looking to beef up ease and convenience in P-to-P payments to avoid being reduced solely to back-end payments processors for fintech startups.

Cape Cod Five Cents Savings Bank in Orleans, Mass., has agreed to buy a branch in Falmouth, Mass., from Mutual Bank.

Bank of New York Mellon has become a big believer in reverse mortgages, particularly home equity conversion mortgages insured by the Federal Housing Administration.

Bank of Hawaii in Honolulu said Monday that its fourth-quarter profit rose 3.98% to $42.8 million from a year earlier as loan growth offset lower fee income.

NEW YORK — Despite crippling amounts of snow from behemoth winter storm Jonas, most credit unions are operating relatively normally, according to leagues in some of the hardest-hit states in the Eastern U.S.

PNC Financial Services Group in Pittsburgh has tapped Karen Larrimer to lead its retail banking division.