PNC Financial Services Group will promote William Demchak to be its next chief executive, awarding him a long-expected inheritance from current CEO James Rohr.

Educational lenders, led by Sallie Mae, are feeling a bit of a tailwind from the economy. But the industry remains on fragile footing.

Ally Financial is the first company to fulfill its requirements under the $25 billion national mortgage settlement, its top monitor said Thursday.

Banks will finally start to sell more distressed loans this year, and buyers will have to be careful not to overbid, PennyMac CEO Stanford Kurland says.

The Federal Reserve Bank of Cleveland has terminated an enforcement action against Rurban Financial (RBNF) in Defiance, Ohio, tied to its information-technology unit.

Changes to product offerings and pricing give the impression that the new bank does not have the customers' best interests at heart. Feeling undervalued is a key emotional reason they defect.

First Keystone (FKYS) in Berwick, Pa., has amended its bylaws to allow its board to select a vice chairman.

As part of a report on "high risk" areas in government, the Government Accountability Office expanded the scope of its review of regulatory issues to include the Federal Housing Administration.

A number of regional and community banks — including PNC, Fifth Third and Huntington — are working with the Michigan Economic Development Corp. to provide $30 million in funding to small businesses.

Regions Financial (RF) is taking steps to spur economic development in its home state of Alabama.

Flagstar Bancorp (FBC) in Troy, Mich., has agreed to sell DocVelocity, its document-imaging business, to mortgage tech company Capsilon.

Congress is afraid to tackle this complicated and contentious issue, but the market badly needs positive signals from our lawmakers that provide certainty about the future of housing finance.

M&T Bank (MTB) is offering customers the ability to tailor their checking accounts with a series of add-ons.

Big banks are ceding more of the consumer market to small banks, says John Romano, the new No. 2 executive at Amalgamated Bank in New York.

BOISE, Idaho – A Las Vegas man was indicted by a federal grand jury yesterday on charges of stealing three ATMs holding more than $56,000 from local college campuses, including two owned by Idaho State University FCU.

Wells Fargo's mortgage unit is terminating a joint venture with investment firm Edward Jones and closing an office in the Minneapolis area.

QCR will pay roughly $20.1 million in cash and stock for the $290 million-asset Community National. The consideration is 70% stock and 30% cash. The companies expect to complete the deal in the second quarter.

The oft-mischaracterized HUD disparate impact rule will discourage any race-based decision making and minimize lawsuits. Why would any mortgage lender want to continue a practice with a discriminatory effect but no business objective?

Nigel Morris, who co-founded Capital One and is now with an investment firm, has become chairman of the alternative lender borro.

NetSpend Holdings (NTSP) earned $10.1 million in the fourth quarter of last year, a 5% increase from the same period a year earlier, the company announced Wednesday.