Merrill Lynch & Co., the 99-year-old firm known for its "thundering herd" of brokers pitching stocks to Main Street, may cease to exist as a legal entity more than four years after being acquired by Bank of America Corp.

In a move aimed at reducing its cost of funds, Eastern Virginia Bankshares (EVBS) is retiring debt owed to the Federal Home Loan Bank System.

Zions Bancorp. (ZION) has promoted an executive in its real estate division to executive vice president and chief credit officer.

Regulators asked a federal court Thursday to reject a bid by U.S. Bank to dismiss a lawsuit over its alleged role in Peregrine Financial's embezzlement scandal.

The Mississippi companies have received all the necessary approvals and expect to finalize the deal Sept. 1, they announced Friday.

Doral Financial in Puerto Rico is aiming its philanthropic work at women entrepreneurs to improve the fortunes of its community and its own.

Anchor BanCorp Wisconsin has settled fraud charges brought by the Securities and Exchange Commission in connection with one of its 2009 quarterly reports.

The demise of PerkStreet, a startup that offered generous cash back on debit card purchases, illustrates how the business is changing. Interchange-funded rewards are out; merchant-funded perks are in.

The Canadian financial services technology developer Davis + Henderson closed its $1.2 billion acquisition of Harland Financial Solutions on Friday.

Sen. Heidi Heitkamp is keeping busy on her August recess, talking housing finance reform and meeting with community bankers in her home state of North Dakota.

Nowhere has the piecemeal approach to postcrisis regulation been more apparent than with the CFPB's Qualified Mortgage rules and its aggressive stance on the fair-lending doctrine of disparate impact.

As the Isis mobile wallet comes out of pilot, it's important to note that not every emerging payments initiative makes it this far. But in experiments, any result can be valuable if the companies behind the test find something to learn from it.

Coastal Banking Co. (CBCO) in Beaufort, S.C., swung to a profit in the second quarter, aided mightily by an accounting reversal.

ERIE, Penn. – Erie FCU, which moved into the old Glenwood Elementary School in February, announced plans yesterday to spend $8 million to renovate or raze the old school building for a new headquarters.

Regulators have lifted an enforcement action against Eastern National Bank in Miami, according to a report.

Anchor BanCorp Wisconsin (ABCW) reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

Enterprise Financial Services Corp. (EFSC) in St. Louis converted $20 million of trust-preferred securities to common stock, a move that will reduce its borrowing costs and improve its capital position.

SPOKANE, Wash. – Numerica CU plans to open a downtown Spokane branch this fall in a 3,000-square-foot space on the ground floor of the former First National Bank Building.

CAPE CORAL, Fla. – Achieva CU opened two branches here this month.

QUEENS, N.Y. – Qside FCU has purchased what it terms a “highly-visible” property as the location for its new headquarters and main branch in Queens Village.