Sixteen banks, along with John Eggemeyer and Tim Chrisman, raised $6.3 million to keep the Hispanic-focused bank from failing.

Discover Financial Services reported a rise in quarterly profits Tuesday on strong growth in its loan portfolio.

Codorus Valley Bancorp in York, Pa., has agreed to buy Madison Bancorp in Baltimore.

ASB Bancorp in Asheville, N.C., has repurchased a block of stock from funds tied to activist investor Joseph Stilwell.

Mercantile Bank in Grand Rapids, Mich., reported a significant decline in earnings that was largely tied to merger-related costs.

City Holding in Charleston, W.Va., reported slightly lower quarterly profit because of a shrinking net interest margin and fewer gains from prior acquisitions.

Independent mortgage lenders are concerned that regulators will use the report as an excuse to raise minimum net worth requirements for smaller lenders.

John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.

Profits at Capital City Bank Group nearly doubled in the second quarter as the Tallahassee, Fla., company continued to shed problem assets.

The Georgia company is also planning a marketing campaign to promote its brand and expanded technology offerings.

Union First Market Bankshares' acquisition of StellarOne paid dividends in the second quarter. The Richmond, Va., company reported a profit of $14.8 million, up 56% from a year earlier.

A collection scam reported in Florida involves e-mails that appear to come from the state attorney's office but originate overseas.

Colony Financial in Santa Monica, Calif., plans to raise up to $382 million by selling common stock.

Hanmi Financial in Los Angeles reported higher quarterly earnings as returns from mortgages offset a drop in the sale of Small Business Administration loans.

PacWest Bancorp in Los Angeles reported higher quarterly earnings aided by its acquisition of CapitalSource.

The Consumer Financial Protection Bureau has started fielding complaints about nonbank products such as debt settlement, credit repair and pawn and title loans.

Aided by gains in fee income, lower expenses and double-digit commercial loan growth, FirstMerit in Akron, Ohio, reported a profit of $59.5 million in the second quarter, up nearly 23% from the same period in last year.

People who lack easy and affordable access to traditional bank accounts can benefit from cryptocurrency services that allow them save on remittance fees, pay bills on time and stay liquid.

Regions Financial in Birmingham, Ala., met bullish second-quarter earnings expectations as loan growth offset a decline in fee income.

First Merchants in Muncie, Ind., has agreed to buy Community Bancshares in Noblesville, Ind.