Citigroup (NYSE:C) has asked the Federal Reserve to authorize a $1.2 billion share buyback program this year, in a bid to prove it has recovered from the financial crisis and improved its operations in the past year.

The merger of NBT Bancorp (NBT) and Alliance Financial Group (ALNC) is nearly official.

CommunityBank of Texas has agreed to buy Vista Bank Texas. "These are two independent powerhouses coming together to fill a hole in the Houston banking market," said J. Pat Parsons, CommunityBank's CEO.

Nationstar Mortgage, the mortgage servicer that oversees more than $300 billion of debt, is taking the unusual step of selling home loans out of securities owned by investors, Credit Suisse said.

Consumer credit in the U.S. rose in January by the most in five months as Americans took out loans for auto purchases and tuitions.

OneWest Bank in Pasadena, Calif., which has been considering a sale or an initial public offering, has been meeting with potential merger partners, according to a report.

A number of banks will 'find themselves' in the year ahead via deals that redefine where they operate and what they do, a Deloitte study finds.

Our hope and plan was that the settlement would show principal reduction works and that it would spur the use of writedowns in other loan modifications. That is now occurring.

Aubrey Patterson keeps in touch with his successor and advises bankers to think twice before surpassing $10 billion in assets and earning more regulatory scrutiny.

Old Second Bank in Aurora, Ill., aims to prove that it and other Tarp banks that burned through all their common equity can survive.

A personal appeal from American Samoa's governor is holding up Bank of Hawaii's (BOH) plan to exit the territory.

Premier Financial Bancorp (PFBI) in Huntington, W.Va., reported an increase in its quarterly profit that was driven largely by loan sales and improved asset quality.

Augmented reality has the potential to enhance customer service and promote sales during customers’ in-store transactions.

With fatter margins than high-end corporate banking and customers who are more interested in relationships and service than negotiating the lowest price, the commercial middle market is the industry's sweet spot, says consultant and executive recruiter Rod Taylor.

John Stern will become corporate treasurer on July 1, U.S. Bancorp said Wednesday. Stern is currently senior vice president and manager of corporate funding. He has been with U.S. Bancorp since 2000.

BBCN Bancorp (BBCN) in Los Angeles has filled the leadership left open by Alvin Kang's resignation as president and chief executive earlier this year.

Banks have made hugely successful bets on emerging technologies that changed their industry and they barely have time to perfect one innovation before the pressure to find new ways of staying relevant starts up all over again.

Alicia Moore, head of ATM banking at Wells Fargo & Co., recently spoke with PaymentsSource about the new credit card management and payment features that are part of the company's larger ATM fleet overhaul.

RANCHO CUCAMONGA, Calif. – The number of credit union “live teller” branch locations available through the nationwide CO-OP Shared Branching network has reached 5,000, making it the nation’s fourth-largest branch network.

The chief executive of Oak Valley Bancorp (OVLY) in Oakdale, Calif., is retiring, and its current president will succeed him.