SPRINGFIELD, Ore. – Northwest Community CU has submitted a proposal to officials in Eugene to buy a 1.8-acre city-owned plot and develop it into a new headquarters for the $720 million credit union.

Lower credit costs and higher mortgage banking revenue pushed MainSource Financial Group's (MSFG) third-quarter net income up 34.5% from a year earlier to $6.5 million.

The Walla Walla, Wash., company Banner (BANR) said profit rose on improved income from mortgage banking, deposit fees and other service charges.

A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.

Leaders of the largest banks are using third-quarter calls to discuss a reluctance to pursue bank acquisitions. The underlying message? Smaller banks are likely to spur the next big wave of consolidation.

A lawsuit accusing Bank of America and Countrywide Home Loans of misrepresenting mortgages gets to the core of their disputes with the government-sponsored housing giants over mortgage putbacks.

Longtime JPMorgan Chase banker Charlie Scharf looks like the safe choice to replace retiring Visa CEO Joseph Saunders. But for the "top dog" payments network, safe is usually wise.

PL Capital recently put Malvern Bancorp and Orrstown Financial on notice that it is watching management's moves, while First Financial Northwest continues to absorb litigation costs months after an investor contested the results of an annual meeting.

Preeta Bansal, the former general counsel and senior policy advisor at the Office of Management and Budget, is joining the bank's London office as global general counsel for litigation and regulatory affairs.

A private-sector analysis of the implementation of the Dodd-Frank resolution facility outlines several tasks the FDIC needs to complete before it's ready for the next crisis.

TD Bank Group (TD) will run all facets of a credit card program for one of the nation's largest jewelry chains.

San Antonio's Cullen/Frost has benefited from a robust economy in Texas. Still, CEO Dick Evans said that his lenders had to increase their calling efforts after loan requests dropped off.

Earnings at Flagstar Bancorp in Troy, Mich., fell 7% from a quarter earlier as credit and litigation costs offset a large gain from loan sales.

If the program ends, most TAG deposits held by community banks will quickly migrate to the biggest banks as investors still expect the federal government to protect all deposits held by these financial behemoths.

Royal Bank of Scotland (RBS) will pay $42 million to settle a probe by Nevada's attorney general into its mortgage-purchase practices before the housing crisis.

Bank of America sold defective residential mortgage loans to Fannie Mae and Freddie Mac that later defaulted, the U.S. government said in a $1 billion fraud lawsuit against the bank.

Ocwen Financial won a $3 billion auction for Residential Capital's loan-servicing unit, outbidding Nationstar Mortgage as it aims to become the largest non-bank home-loan servicer.

New York Community Bancorp (NYB) in Westbury, N.Y., barely beat expectations for its third-quarter earnings and reported a lower net interest margin.

Earnings at the $7.5 billion-asset company in DeWitt, N.Y., fell 8.5%, to $18.3 million, from a year earlier, it reported Tuesday.

Pacific Continental (PCBK) in Eugene, Ore., has agreed to buy Century Bank for $13.4 million in cash.