An activist investor group has threatened to file a lawsuit against Orrstown Financial Services (ORRF) unless the Shippensburg, Pa., company makes certain changes to its bylaws.

Bank regulators have lifted a memorandum of understanding against Timberland Bank nearly three years after the bank was hit with the enforcement action.

Bank of America has escalated a longstanding dispute with MBIA over securities backed by residential mortgages.

Jeffersonville Bancorp (JFBC) is set to become the latest New York company to exchange the federal charter of its bank for oversight by a state regulator.

The holding company for AmericanWest Bank in Spokane, Wash., has agreed to repay what PremierWest Bancorp (PRWT) owes the Troubled Asset Relief Program before the banks merge.

Alliance Bankshares (ABVA) has received almost all of the votes it needs to approve its sale to WashingtonFirst Bankshares.

Capital and liquidity challenges, subprime mortgages and bad financial performance hurt reputation over the last year. But many executives agree their companies' management of the financial crisis had the biggest negative impact on their public image.

QBE's concession, made amid scrutiny of its relationship with major banks, would save investors and homeowners in the state $98 million a year. Part of that money would come from reducing the commissions it pays to banks.

Martin A. Steele will manage its commercial lending, cash management-treasury services and investment services, HomeStreet said Thursday.

First Bank has agreed to sell eight of its 19 branches in Florida to the $521 million-asset HomeBanc in Lake Mary, Fla., First Bank said Thursday. It will also close another three branches, two in Hillsborough County and one in Pasco County.

Mega-banks dominate the world of naming rights for sports stadiums (think Citi Field, home of the New York Mets). But community banks' names adorn stadiums, too.

Rather than invest heavily in one big risky project, banks should concentrate on many small innovations, beta test them and invest where customer feedback is positive.

The Transaction Account Guarantee program ran into trouble, a columnist warned of innovation's risk to banks and JPM's Jamie Dimon took to the spotlight.

ROANOKE, Va. – Freedom First CU is opening a new branch in Daleville in the former location of Blue Collar Joe’s restaurant, rural Botetourt County’s first full-service credit union branch.

IMGCAP(1)]

After a stock offering fell short of expectations, Sierra Vista Bank (SVBA) in Folsom, Calif., plans to raise about $1.7 million through a securities purchase agreement with Taylor International Fund.

Banks might have more success winning over underbanked consumers if they lowered initial deposit requirements and offered banking services to noncustomers, according to a new report from the Federal Deposit Insurance Corp.

A battle over Senate procedures and the FDIC's absence from the debate were viewed as contributing to blocking a bill to extend the TAG program.

Lawrence Summers, formerly one of President Obama's top economic advisors, has joined Lending Club's board of directors, the company announced Thursday.

Flush with capital from a recent stock sale, Northeast has launched an online bank, established a nationwide loan-purchasing unit and, most recently, opened a mortgage office in Massachusetts.