Jacksonville Bancorp (JAXB) in Florida is eliminating 16% of its work force to cut costs.

Bankwell Financial Group (BWFG) of New Canaan, Conn., raised nearly $49 million through its initial public offering.

Summers — a World War II veteran, businessman and civic leader in southeast Texas — was a director of the bank since 1951, including more than two decades as chairman. He died Tuesday at 95.

Under pressure from the Federal Deposit Insurance Corp. to increase its capital levels, Doral Financial (DRL) is selling its health care lending division to Triumph Bancorp in Dallas.

As the market slows for post-downturn, private-label, residential mortgage-backed securities – known as RMBS 2.0 –an industry group thinks it's time to start preparing for version 3.0.

Buyers still exist for mortgage platforms. The problem is that the gap in pricing expectations for buyers and sellers has widened since refinance activity stalled last summer.

Alice Hensen, president of the Bank of Sun Prairie in Wisconsin, is one of the many bankers who delayed retirement to help their banks survive the financial crisis. She is stepping down now that her bank's troubles are past and hopes it can find some "new blood."

Pulaski Financial (PULB) in St. Louis is looking to convert to a national bank from a federal savings bank.

Glass-Lewis wants Solera's investors to reject a slate from the Colorado company’s biggest shareholder. ISS is urging people to withhold support for eight of Solera’s 11 nominees – though the proxy firm is unwilling to endorse any alternates.

The Senate Banking Committee passed major legislation to overhaul the housing finance system on Thursday.

New Jersey surpassed Florida with the highest share of U.S. mortgages in foreclosure in the first quarter as delinquencies nationally fell to pre-crisis levels.

DBA International, a debt-buying industry association, approved a new tagline that it will start using this month.

The pastors of New York City tabernacle must return $1.7 million in illegal loans.

U.S. foreclosure activity fell 1% in April as banks scheduled fewer auctions even as they reclaimed more homes, according to a report released Thursday by RealtyTrac, which tracks and compiles housing market data.

Doral Financial (DRL) is evaluating its legal options after Puerto Rico rejected the company's request for a $230 million refund of overpaid taxes.

Residential Capital, the defunct mortgage company, sued Bank of America, RBC Mortgage and other lenders, claiming they sold it poor-quality loans that led to its bankruptcy.

Massachusetts Attorney General Martha Coakley reiterated calls Wednesday for the Federal Housing Finance Agency to allow Fannie Mae and Freddie Mac to offer principal reductions to distressed borrowers and to participate in nonprofit home buyback programs.

A founding director at Touchmark Bancshares in Georgia claims he was ousted after questioning the bank's strategy. Now he is lobbying for the company's sale.

Taylor Capital (TAYC) in Chicago has been notified by the Federal Reserve Board that its bank is facing an enforcement action for employing deceptive trade practices.

Midwestern community banks are in their best financial condition since early 2009, the Office of the Comptroller of the Currency said in a May 13 report.