Peoples Bank of Indianola in Iowa has agreed to buy Pleasantville State Bank in Iowa.

Nigel Morris, a co-founder of Capital One Financial (COF), has joined the board of the parent company of loan marketplace Prosper.

The Consumer Financial Protection Bureau is taking longer than expected to issue rules on financial products like prepaid cards, payday loans, and student loans but Director Richard Cordray sought to reassure lawmakers Tuesday the agency would address many of those areas within the year.

The Massachusetts attorney general's lawsuit against Fannie Mae and Freddie Mac seeks to aid a nonprofit whose CEO has close political ties to Martha Coakley's gubernatorial campaign.

A total of 14 M&A transactions involving health care revenue cycle vendors were completed in the 12 months ended March 31 for a combined $310 million in deal value, according to a report.

JPMorgan Chase and Capital One are among the issuers wooing business owners besides longtime player American Express. Their enticements include generous rewards and convenient expense management tools.

The $1 billion-asset company disclosed in a regulatory filing Tuesday that it sold Tri-State General Insurance Agency to an unnamed buyer for $2.9 million.

Loan demand seems to be returning, but not fast enough for many bankers and their investors. Bankers discuss the various things holding back a return to blow-out quarters of loan growth.

Small businesses obtained more loans from banks of all sizes compared to a month earlier month in another sign that the economy is gradually improving.

The Federal Deposit Insurance Corp.'s outspoken vice chairman told bankers that curbing the "misdeeds" that prompted higher regulatory burden is better than just seeking exemptions for some.

Community banks are testing out a new tool that makes it easier (and far cheaper) for commercial customers to estimate the value of their companies.

Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, is requesting additional information from the Federal Deposit Insurance Corporation about its involvement in Operation Choke Point.

Lenders are relaxing overlays and adjusting pricing to attract more VA business.

Wells Fargo failed to convince a U.S. appeals court that a multibank mortgage settlement in 2012 barred the government from suing over home lending practices it claims led to hundreds of millions of dollars in federal insurance payouts.

American Banker asked readers, BankThink contributors and staff members to recommend books for bankers to take on their summer vacations. Share your own suggestions in the comments section below.

Leonard G. Potillo III, the owner of Florida-based debt buyer United Credit Recovery LLC, was arrested Monday and charged with bribing a U.S. Bank official to get inside information on the sale of debt portfolios.

TriState Capital Holdings (TSC) in Pittsburgh has raised $35 million through a private placement of subordinated debt.

A Missouri collection agency plans to lay off 108 workers, according to a Worker Adjustment and Retraining Notification (WARN) notice filed with the state.

Loan reserving is one of the most important decisions in banking. Yet there is no accounting, regulatory or industry numerical guideline for “adequate” levels of the allowance for loan losses.

The best marketing strategies are not focused on selling stuff, but rather on connecting with prospective or existing customers on an emotional level, Ed Ianni writes.