Mackinac Financial (MFNC) in Manistique, Mich., has received regulatory approval to buy back nearly two-thirds of the preferred stock it issued under the Troubled Asset Relief Program.

William Harrison, former chairman and CEO of JPMorgan Chase, is "very happy" with the bank's current position and confident the fallout from its London Whale trading losses will blow over.

A former chief executive and chairman of NewBridge Bancorp (NBBC) in Greensboro, N.C., plans to retire from its board.

CNB is an infrequent buyer but agreed to acquire a smaller bank near Columbus, Ohio, as a way to enter a market without abandoning its preference for organic growth.

Most of a class-action lawsuit that charges Deutsche Bank and four of its former executives with misleading investors may proceed, a federal judge in Manhattan has ruled.

The Office of the Comptroller of the Currency's Mortgage Metrics report showed further reductions in delinquencies and homes seized by lenders in the fourth quarter.

Community Financial Shares (CFIS) in Glen Ellyn, Ill., has raised nearly $500,000 through a rights offering.

Women business owners have more trouble obtaining loans than do their male counterparts because they tend to operate businesses with lower profit margins, according to a report released Wednesday.

For banks looking to poach customers disaffected by mergers among rivals, there is plenty of opportunity. More than 20% of deposits have changed hands recently in about 50 markets around the country.

The Federal Reserve Board is getting ready to take a statistical snapshot of Americans' spending and saving.

The Federal Reserve Bank of San Francisco has terminated its regulatory action against HomeStreet in Seattle.

Enterprise Financial Services in St. Louis has extended the contract of chief executive Peter Benoist by one year.

The latest research from Equifax shows a huge jump in student-loan defaults.

Banks are moving into new territories and new lines of business in their ongoing quest for new revenues. It can be a profitable strategy, but experts say they need to be cautious about loan pricing and concentration risk.

First BanCorp (FBP) in San Juan, Puerto Rico, has enhanced and extended an offer to convert preferred shares into common stock.

Hampton Roads Bancshares (HMPR) in Virginia Beach is reducing its branch network.

Eastern Virginia Bankshares (EVBS) in Tappahannock plans to raise $50 million through a private placement and a rights offering.

CNB Financial (CCNE) in Clearfield, Pa., has agreed to acquire FC Banc (FCBZ) in Bucyrus, Ohio, for about $40 million, or $30 a share in cash and stock.

Credit lines and expanded overdraft programs are being considered as alternatives for banks that want to curb their customers' use of payday loans.

New Community Reinvestment Act guidelines will reduce paperwork burdens, open up new areas for assistance and make clear that banks falling short will hurt their overall lending test performance.