American Express (AXP) said Monday that it plans to repurchase up to 150 million shares of its own stock, in accordance with a proposal approved earlier this month by federal regulators.

Community Bank of Tri-County in Waldorf, Md., has named senior lending officer Todd Capitani its chief financial officer.

Two historical allies of the housing industry's push for more homeowners – the National Council of La Raza and the National Community Reinvestment Corporation – are now endorsing a cut in the mortgage interest deduction.

First BanCorp (FBP) in San Juan, Puerto Rico, is delaying its annual filing because of issues with disclosure requirements.

The Federal Reserve Board has approved FirstMerit's pending acquisition of Citizens Republic Bancorp (CRBC) in Flint, Mich.

Startup CommonBond crowdsources funds from alumni members and interested investors to establish a loan pool for student lending.

Bank of America (BAC) will prevent Chief Executive Brian Moynihan from completely cashing out of its stock for a year after his retirement, according to a news report.

The Securities and Exchange Commission will not punish United Community Banks after an accounting investigation, the Blairsville, Ga., company said Monday.

The Office of the Comptroller of the Currency has terminated a written agreement with Intervest National Bank in New York.

Puget Sound Bank in Bellevue, Wash., is buying Core Business Bank for roughly $8.4 million in cash and stock.

As evidenced by their own home purchases, executives who handled mortgage securitizations showed little awareness of anticipating the subprime crisis and subsequent crash in the housing market, according to a new report.

Patrick Fahey's last act as a turnaround specialist ended with the 2010 failure of Frontier Bank. First Sound Bank in Seattle is poised for a much different outcome.

United Community Financial (UCFC) in Youngstown, Ohio, has raised $39.9 million in a private offering.

Cardtronics (CATM), the largest independent operator of ATMs, faces a large fine for failing to make its machines accessible to the blind as required by a class-action settlement.

The Senate is expected to pass two budget amendments Friday designed to break up the big banks and prohibit the use of certain fee hikes at Fannie Mae and Freddie Mac to reduce government spending.

The Boca Raton, Fla. company announced Friday it has agreed to by Enterprise Bancorp in North Palm Beach, Fla.

The Federal Deposit Insurance Corp. has terminated enforcement actions against two banks: First Bancshares of Mountain Grove, Mo., and CIB Marine Bancshares of Waukesha, Wis.

First Bancshares (FBMS) in Hattiesburg, Miss., has raised $20 million to finance its purchase of a bankrupt Gulf Coast lender.

CorTrust Bank in Mitchell, S.D., has acquired a one-branch bank in Blaine, Minn.

Auto dealership advocates are warning that costs will rise for borrowers if the Consumer Financial Protection Bureau presses banks to curtail auto loan markups determined by dealers.