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.

Synovus, a Georgia-based company, and CEO Kessel Stelling should be able to devote more resources to loan growth, industry observers say.

A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.

The Consumer Financial Protection Bureau issued a proposal Thursday that would let lenders test various disclosure programs on consumers in an effort to make disclosures more concise and cost-effective.

TCF Financial (TCB) in Wayzata, Minn., plans to raise $100 million by selling preferred equity at $25 a share.

Retail strategy firm Peak Performance Consulting has welcomed two former banking execs to its team.

The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.

Banks are assuming greater risk on the strategic side, by entering unfamiliar product territory, and on the cost side, by devoting fewer resources for risk management.

Bank of America (BAC) and insurer MBIA (MBI) may be nearing a resolution of their longstanding squabble over securities backed by residential mortgages.

Discover Financial Services (DFS) announced Thursday that James Roszkowski has been named president of Discover Bank.

Small-business owners are likely to pull back on purchases of computers, machinery and other long-term investments in 2013, according to a survey released Thursday by Wells Fargo (WFC) and Gallup.

Synovus Financial in Columbus, Ga., has sold roughly $530 million of problem assets and expects to take a pretax charge of $155 million tied to the move.

Citizens Bank of Edmond in Oklahoma and BBCN Bancorp in L.A. rewarded workers by letting them film "Gangnam Style" videos — and customers and YouTube watchers dug 'em.

Consumers disputed up to 38 million items on their consumer credit reports last year at the three largest consumer reporting agencies, according to a report released Thursday by the Consumer Financial Protection Bureau.

PORTSMOUTH, N.H. – Service CU a 13-foot Globe Sculpture outside its new 100,000 square-foot headquarters to President/CEO Gordon Simmons at the conclusion of their grand opening ceremonies Tuesday

COLLEGEVILLE, Penn. – Superior CU and Perkiomen Valley School District officials held a ribbon-cutting ceremony Nov. 29 for a new bank branch opened inside Perkiomen Valley High School.