PNC Financial Services (PNC) plans to close 200 branches this year, or 6.5% of its domestic network, as part of a broad push to cut costs.

Westfield Financial has filed for regulatory approval to open a branch in Granby, Conn., which would be its first location outside of western Massachusetts.

American International Group is building a unit to buy individual home loans amid a rebound in the housing market.

The 15% of U.S. adults who are underbanked are too large a segment to ignore. But the classic answer — a debit card — is not enough, a Javelin researcher finds.

PALO ALTO, Calif. – Stanford FCU said this morning it is installing eight Diebold deposit automation-enabled Opteva ATMs at its four Stanford-campus branches and off-premise locations and incorporating the company’s Agilis Campaign Office solution to push targeted marketing content to its ATMs.

Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell about one-fifth of the company's outstanding stock.

Ocwen Financial has a new chief accounting officer: Catherine Dondzila.

Pacific Premier in Irvine, Calif., is buying San Diego Trust Bank for $30.6 million.

Finding ways to spotlight and promote our small business customers within our branches strengthens a customer’s bond with his bank like few things can.

ROCKY HILL, Conn. – Nutmeg State FCU has opened two more grocery store ATM locations inside Price Choppers in Southington and Bristol.

EUGENE, Ore. – Oregon Community CU has installed a touch-screen, drive-up ATM at its Springfield branch that does not require a deposit slip or envelope when making a deposit.

WASHINGTON — The Federal Reserve Board said Tuesday it would not adjust its cap on interchange fees, leaving it at 21-cents per transaction.

SunTrust Banks (STI) will close around 40 branches this quarter as it continues its efforts to rein in costs, its chief executive said Tuesday.

Private-equity firm Fortress Investment Group began to fulfill a long-range ambition when two of its affiliates – including Springleaf – agreed to pay HSBC $3.2 billion for a portfolio consumer loans.

The $1 billion-asset Pacific Mercantile said Tuesday that it would sell $2.2 million shares of common stock to private equity firm Carpenter Funds for roughly $14.8 million.

SI Financial Group (SIFF) in Willimantic, Conn., will buy Newport Bancorp (NFSB) in Rhode Island for roughly $61.3 million.

C1 Bank in St. Petersburg, Fla., has recruited the state's former top financial official to its board.

CEO Michael Corbat said Tuesday that the company's future lies in certain key emerging markets, but he also suggested that Citi could pull out of other countries that are dragging down its profits.

FHFA Director Ed DeMarco is planning to create a joint securitization platform by Fannie and Freddie, a significant step toward winding down the mortgage giants. We offer frequently asked questions on what it means for the industry and the future of housing finance reform.