Fifth Third Bancorp (FITB) will pay $16 million to settle long-standing charges that it misled investors about its financial condition on the eve of the mortgage meltdown.

Shore Bancshares (SHBI) in Easton, Md., has tapped a company veteran to become its chief executive.

Boston Private Financial Holdings (BPFH) plans to buy back all of the preferred stock held by its largest investor, the Carlyle Group, for approximately $70 million.

Democratic lawmakers raised numerous concerns Wednesday over the mortgage servicer settlement announced in January, including how banks are credited for relief they provide to borrowers.

Huntington has enjoyed undeniable success in attracting new customers, but a big question for investors is when that growth in new households will translate into meaningful revenue growth.

The Pittsburgh company's incoming chief executive, Bill Demchak, promised to follow the strategy laid out by current CEO Jim Rohr and avoid a race to the bottom for commercial loans.

Roughly 91% of the mortgages Bank of America funded in the first quarter were refinances — spelling peril if the refi boom peters out, as is expected.

Demand for credit by consumers and businesses continued to show signs of gradual improvement as homeowners looked to refinance their homes and buy new cars, according to a survey released by the Federal Reserve Board on Wednesday.

Community Trust Bancorp (CTBI) in Pikeville, Ky., reported flat earnings for the first quarter as higher costs offset an increase in fee income.

In a speech before the American Bankers Association, Sen. Jon Tester vowed he would hold Fannie Mae and Freddie Mac accountable and ensure a level playing field to the secondary market for community banks.

PHILADELPHIA – Philadelphia FCU announced the opening of a new branch in a former police station in the historic city neighborhood of Fishtown.

Berkshire Bancorp has found a "material weakness" in its internal controls tied to tax calculations and its loan-loss allowance. It has also brought on a new CEO.

PacWest Bancorp (PACW) in Los Angeles more than doubled its first-quarter profit as it reduced its loan-loss provision by $10 million.

Stubborn regulators. Delays and cancellations. Unpredictable shareholders. Those are just some of the stomach-churning obstacles that have made guts and a bit of luck key ingredients in successful bank dealmaking.

Some bankers are still in denial over how much their industry is disliked and mistrusted, even in the postcrisis, post-Occupy Wall Street era. A panel discussion with Raj Date, Eliot Spitzer and Robert Wolf highlighted how much work remains to be done.

Profit fell slightly at Huntington Bancshares on fewer gains from loan sales last quarter.

The Federal Reserve Board said Wednesday that the independent consultant overseeing payments to millions of consumers as part of its mortgage settlement had fixed problems that had caused troubled borrowers' checks to bounce.

Congress can certainly help, but regulators must recognize that they have a structural oversight problem and need to develop remedies on their own.

Bank of America's Countrywide unit agreed to pay $500 million to settle a lawsuit over billions of dollars in residential mortgage-backed securities that were downgraded to junk.

Fees and commissions provided a silver lining for BancFirst in Oklahoma City last quarter.