WASHINGTON — Regulators seized a $265 million-asset bank based in Fort Myers, Fla., late Friday and sold its operations in a deal protecting all of the failed bank's depositors.

Unlike their bigger competitors, smaller banks are resisting the temptation to pare staff or close mortgage production offices because they still see an opportunity to nibble away at large banks' market share.

The Treasury Department plans to sell shares in five community banks for a discount of approximately 60%.

A group of technology companies is working to build digital currencies into Web browsers, a move that could help payment methods such as Bitcoin thrive.

The $7.2 billion-asset company will auction between $15 million and $35 million of senior notes, it announced Friday.

KeyCorp (KEY) has sold its asset management and broker-dealer businesses for more than $50 million less than originally anticipated.

HSBC may say first-half profit rose 13% as bad loans in the U.S. shrank after Chief Executive Officer Stuart Gulliver sold assets to focus on more profitable markets.

Improved loan quality is allowing banks to reduce provisions, but industry experts believe that option may soon be tapped out.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The Federal Reserve Board has terminated an enforcement action against Eastern Virginia Bancshares in Tappahannock and has fined Blencoe State Bank in Iowa.

Pacific Trust Bank in Los Angeles has exercised its option to buy CS Financial in Beverly Hills, the bank said in a regulatory filing. Jeffrey Seabold, the managing director of Pacific Trust's residential lending division, is a majority owner of CS.

Bank of America said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings, signaling the firm faces another round of legal battles tied to home loans and underwriting.

This is a work of fiction. Any resemblance to real merchants, bankers, lobbyists, or politicians, living or dead, is purely coincidental.

A U.S. district court has halted a collection operation that allegedly extorted payments from consumers by using threats of lawsuits and calculated campaigns to embarrass consumers by unlawfully communicating with family members, friends and coworkers.

Carrollton Bancorp (CRRB) announced Thursday that its chief financial officer had resigned from the company roughly 75 days after it hired him.

SouthCrest Financial (SCSG) in Peachtree City, Ga., has raised nearly $18 million from a group led by Castle Creek Capital.

Maria Mitchell, a 19th century U.S. astronomer with historic ties to Pacific National Bank of Nantucket, was commemorated with a special doodle on google.com Thursday.

First Horizon National (FHN) in Memphis and Sovereign Bank in Boston have joined many of their competitors in making it easier for customers to understand the fees on their accounts.

Most banks have been adding deposit share in some key markets while slipping in others. This graphic provides snapshots of how the battlefield is changing.

Ocwen is close to reaching a settlement with federal regulators and it appears the giant servicer will agree to make cash payments to borrowers who were harmed during the foreclosure process.