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.

The advantages a public company has in buying open banks outweighed the relatively low pricing of its initial public offering, National Bank Holdings CEO Timothy Laney said on its first day of trading.

Fannie Mae is telling small lenders and servicers that it will cap the volume of loans they can sell to the government-sponsored enterprise based on their net worth and other factors, National Mortgage News has learned.

The Alabama lender says it intends to lower fees and relax repayment terms in response to customer feedback, not criticism from consumer groups.

The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.

The Cincinnati company will continue to sponsor Roush Fenway Racing next year, despite the abrupt departure of Matt Kenseth.

Tim Pawlenty is hardly the first prominent politician to turn into a bank lobbyist. Indeed, there's a long line of them.

Richard Cordray, the director of the Consumer Financial Protection Bureau Director, suggested that lenders should not be overly concerned about potential legal liability for making so-called "qualified mortgages."

Oak Bank of Chicago plans to use the Premier core processing platform, as well as Fiserv products for mobile banking, branch capture and merchant source capture.

Several merchant groups are asking members of Congress to hear their opposition to the swipe-fee settlement announced in July.

Industry observers have commended the Walla Walla, Wash., company for righting the ship after it was hammered by exposure to bad construction loans. But now investors are wondering how it will grow in a weak economy.

CEO John Stumpf offered candid views on monetary policy, the housing crisis, capital rules and even consumer protection during a panel discussion late Wednesday.

Heidi Miller, the former president of JPMorgan Chase's international businesses, says that megabanks have to do a better job of defending themselves — and acknowledges that some banks run the risk of becoming too big.

FirstBank Holding in Lakewood, Colo., will close 15 branches in its home state, reflecting an increase in its customers' reliance on electronic banking.

Ambassador, a broker-dealer and deal advisor, announced Thursday that it would acquire the operations of Capital Insight Partners. Jacob Eisen and Tad Gage, the co-founders of Capital Insight, are set to become managing directors of Ambassador.

Capital Bank Financial and National Bank Holdings priced their initial public offerings below the ranges they gave last week. Other banking companies have struggled in the IPO market this year.

Nationstar Mortgage remains the "stalking-horse" bidder for ResCap's residential servicing portfolio, sources said. Ocwen Financial, Berkshire Hathaway and an unnamed hedge fund have also emerged.

First National Bank of the Gulf Coast believed it had all the cards in place to become a serial bank acquirer. But it hit a snag: the bank lacked a holding company to fully put its strengths to use.

Days after restating its 2011 results to show a larger loss, Broadway Financial (BYFC) in Los Angeles announced Wednesday that its first-quarter loss was lower than it first reported.

The nation's third-biggest bank has received the E Pluribus Unum Prizes' Corporate Leadership Award for its backing of Citizenship Maryland, a program that loans money to legal permanent residents who apply for U.S. citizenship.