EDWARDSVILLE, Ill. – Fast-growing Scott CU officially opened its new 51,000-square-foot offices yesterday, more than tripling the size of its old headquarters in nearby Collinsville.

An agreement to purchase $5.9 billion of assets from the retail giant positions TD for further growth in the credit-card business, while providing a blueprint for future deals.

The Mortgage Bankers Association on Tuesday upwardly revised its forecast for residential origination this year to $1.7 trillion, citing low interest rates that have sparked a massive refinance boom.

The Federal Deposit Insurance Corp. has lifted a consent order against Metro Bank related to the bank's anti-money laundering and Bank Secrecy Act programs.

Gregory Mitchell, who left First PacTrust Bancorp last month, has joined First Tech Federal Credit Union as president and CEO. In a letter posted on First Tech's website, Mitchell admitted to having a credit union membership while running at least two banks.

Regulators are barring a Maryland bank holding company from paying shareholders and some creditors until it takes steps to boost capital.

American Heritage in California had been facing pressure from the OCC to diversity beyond SBA lending. Rather than reinvent itself, the bank found an eager buyer in Sterling Financial, a Spokane, Wash., company that wants to expand the SBA platform.

Straying far from home is often a mistake. F.N.B. can speak to that from a past foray into Florida. But the Pennsylvania bank says its more focused deal in Maryland will work.

Numerica Credit Union recently held what amounts to a happy hour at its branches, except instead of cocktails, people were given $5 checks and shown how to use phones to deposit those checks.

All banks are eager to boost wallet share, but a new survey shows that many are not doing such a good job of cross-selling one of the most basic products to their checking clients.

The flood of new regulation, demands for more capital, harsh enforcement and an unexplained three-year-old de facto moratorium on de novo charters lead one to believe Washington wants fewer community banks

Ally Financial is selling its Canadian auto finance operation to Royal Bank of Canada (RBC) for $4.1 billion.

Strong deposit and loan growth fueled third-quarter income at Signature Bank (SBNY) in New York.

Earnings at FirstMerit, the $14.6 billion-asset Akron, Ohio, bank rose 10%, to $34.9 million in the third quarter, compared with a year earlier, it reported Tuesday. Noninterest expense fell 6.4%, to $108.5 million, over the same period.

Lending to companies that service the federal government have historically been safe bets, but that could change if Washington is forced to make drastic cuts early next year.

Two consumer advocates who gave advance warning of the subprime mortgage crisis are now arguing that a responsible return to less-than-prime lending can work for lenders and borrowers.

Banks can retain their best and brightest staff by offering career advancement opportunities, competitive base salaries, adequate training and attentive performance management.

Synovus Financial (SNV) in Columbus, Ga., reported a slight uptick in third-quarter income from a year earlier as its credit costs declined.

BBCN Bancorp in Los Angeles has agreed to buy Pacific International Bancorp in Seattle.

Royal Bank of Canada, the nation's largest lender, agreed to buy Ally Financial's Canadian auto-finance and deposit business in a cash deal providing $4.1 billion in proceeds to Ally.