PL Capital said in a regulatory filing Thursday that it has raised its stake in Magyar to 9.99% on Aug. 1, compared to a prior stake of 8.6%.

Members of Technology Credit Union rejected management's plan to convert to a mutual thrift. The vote has led to renewed criticism about the National Credit Union Administration's role in conversion votes.

The Federal Deposit Insurance Corp. is planning a series of workshops for investors who would like to buy assets from failed financial institutions.

PNC is among several banks aiming to boost visibility on college campuses in hopes of attracting young consumers who many not have a dime to their names now but could be high earners down the road.

Jay Sidhu, the head of Customers Bancorp in Pennsylvania, has received about as much money from private investors in recent months as it sought to raise in its canceled IPO.

BNCCorp (BNCC) has reached a settlement with its insurers more than two years after the Bismarck, N.D., company discovered that it had been defrauded by a mortgage servicer.

Kevin Kabat has been named vice chairman at Fifth Third. The Cincinnati company also said that Greg Carmichael, its chief operating officer, would become its president. There are no plans for Kabat, who has been Fifth Third's CEO since 2007, to leave.

The industry's movement toward plain-vanilla mortgage products since the crisis masks deficiencies in the underwriting process that remain to this day.

When FirstMerit agreed to buy Citizens Republic this month, it capped Cathleen Nash's efforts to rebound from recession in hard-hit Michigan.

Can ATM messaging prompt consumers to like and follow their banks? Regions, which will promote social media via ATMs in 2013, and Wells, which has done so for some time, believe the answer is "yes."

If TAG is senselessly allowed to expire, many depositors may sever their relationships with the smaller banks in their communities and opt to place their money under the "protection" of the Too Big to Fail institutions.

CapStone Bank in Raleigh, N.C., has agreed to buy Patriot State Bank in Fuquay-Varina, N.C., for roughly $10.6 million.

The company paid roughly $939,000 to repurchase a warrant that would have allowed the Treasury Department to buy about 543,300 shares of BNC's common stock at $8.63 per share, BNC said in a regulatory filing Thursday.

Big banks hire a former governor (Pawlenty) as their top lobbyist. An FDIC official (Hoenig) slams their behavior. And the FHFA proposes linking GSE fees to foreclosure costs.

A task force led by New York Attorney General Eric Schneiderman and formed to probe misconduct in the mortgage market during the run-up to the financial crisis may be getting ready to take action.

RBS Citizens Financial Group and TD Bank have won tentative approval to settle a class-action lawsuit that charges them with imposing excessive overdraft fees on debit-card users.

First California Financial Group is on the verge of announcing an agreement to sell itself, possibly to UnionBanCal or CVB Financial — and not hostile bidder PacWest, sources familiar with the matter say.

VIENNA, Va. – Navy FCU plans to open a new branch in Savannah, Ga., a mile away from Hunter Army Airfield, to serve 8,000 members in the area.

GROTON, Conn. – Charter Oak FCU has begun construction on its $18-million, 65,000-square-foot headquarters and branch project in nearby Waterford.

The selection of Tim Pawlenty as the Financial Services Roundtable's new CEO was a shock to those inside and outside Washington. We answer frequently asked questions about why he was chosen and what it means for the Roundtable — and the industry.