Eligible homebuyers can apply for a $15,000 grant to purchase Cleveland-area homes as part of Wells Fargo's CityLIFT(SM) program, the company announced Tuesday.

Florida regulators have fined the payments startup Square $507,000 for operating in the state without a money transmitter license.

VantageSouth Bancshares (VSB) in Raleigh, N.C., has sold $38.1 million in subordinated debt.

First Community (FCCO) in Lexington, S.C., has agreed to buy Savannah River Financial in Augusta, Ga.

The struggling Anchor (ABCW) in Madison has commitments of $175 million of fresh capital, but creditor Associated Banc-Corp (ASBC) refused to sign off on the deal, according to bankruptcy court documents. Anchor then filed for Chapter 11 to facilitate it recapitalization.

Banks recently had been competing for loans mainly on price. Now, with loan growth anemic, banks are competing on loan structure, doing everything from extending amortization periods to waiving prepayment fees.

The Jefferson City, Mo., company had a profit of $1.5 million, or 30 cents a share. It reported earnings of $48,000, or one cent per share, during the same period last year.

The Federal Reserve was given a week to tell a federal judge its position on immediately rewriting regulations setting debit card swipe fees in the wake of a court found the current rule unlawful.

First Mariner Bancorp (FMAR) in Baltimore swung to a loss as professional fees rose and mortgage banking income cratered.

The Occupy Wall Street protests a few years ago set the stage for the coming return of fair-lending gadflies like the "mother of CRA," Gale Cincotta.

Auto loans to the least creditworthy borrowers have rebounded, but they are still below the levels reached in the early- and mid-2000s, the New York Fed finds.

Cardinal Financial (CFNL) of McLean, Va., has promoted William T. "Bill" Mundy, an executive at its banking unit, to senior vice president and executive managing director of wealth services.

Experian Automotive announced Tuesday that quarterly vehicle repossessions dropped by 14.8% to achieve the lowest rate since it began tracking the data seven years ago.

The three largest shareholders of First BanCorp (FBP) in San Juan, Puerto Rico, are planning to sell approximately $189 million worth of shares.

Declining interchange revenue translates into consumers paying more for the products and services (that in many instances were once free), with no corresponding decrease in retailer prices.

A former Bank of America (BAC) executive whose work on mortgage bonds is the subject of lawsuits by the Federal Housing Finance Agency and the Justice Department was hired by Fannie Mae months after the claims began to surface.

Wells Fargo is forming an advisory board to strengthen its commercial banking presence in New England.

First National Community Bancorp in Dunmore, Pa., swung to a quarterly profit thanks to cost cuts and securities sales.

MARIETTA, Ga. – LGE Community CU said it has purchased 15 of Diebold’s Opteva ATMs, including 13 deposit automation-enabled terminals and two cash dispensers, for its seven branches.

Cullen/Frost Bankers (CFR) in San Antonio has agreed to buy WNB Bancshares (WNB) in Odessa, Texas, for $220 million in stock and cash.