Bank of America may be preparing to slash about 6% of its work force by the end of this year as part of an ongoing series of streamlining measures.

Oregon Pacific Bancorp in Florence has raised almost $2.4 million through a private placement of common stock to unnamed accredited and institutional investors.

Suffolk Bancorp is looking to grow after a large purge of nonperforming assets under CEO Howard Bluver.

What is good for the big banks is not necessarily good for the economy and the growth of jobs, writes the chairman of Signature Bank in New York.

In an attempt to compensate for higher foreclosure related losses, the Federal Housing Finance Agency is proposing that Fannie Mae and Freddie Mac charge higher fees on new loans in five states.

A jump in previously occupied homes and a rise in new construction suggest the housing sector may be headed for recovery.

Jackson Hewitt Technology Services is the latest tax preparer to end its partnership with Republic Bancorp, following the bank's decision to no longer offer refund-anticipation loans.

Andrew Kahr blames Fannie Mae and Freddie Mac's affordable housing goals for helping "inflate" the housing bubble. Former GOP appointees at HUD see it differently.

Community Bank of Central Wisconsin had to sell but couldn't find a single buyer — so it got creative and found two.

In a race closely watched by the banking industry, multiple polls conducted since the Democratic National Convention now find Elizabeth Warren leading Sen. Scott Brown. "Warren is looking unbeatable," one analyst says.

The Chicago-area company continues to make acquisitions in the Windy City, while other banks fret about a lack of targets. A key reason for CEO Edward Wehmer's success is his willingness to buy small banks, as opposed to swinging for the fences with one deal.

A federal charter will allow lenders to provide more credit alternatives with lower costs as well as flexible payback periods and loan amounts to underbanked consumers.

Add Fitch Ratings to the growing chorus of banking industry voices expressing concern about the expiration of a bailout-era deposit protection program and its potential impact on small banks.

Bank of America Corp.'s Countrywide Financial unit is asking a judge to throw out claims for "billions of dollars" in damages by the Federal Housing Finance Agency for mortgage-backed securities bought by Freddie Mac and Fannie Mae.

A government program that lets small-business owners refinance commercial mortgages is set to expire next week, but supporters are hopeful that Congress will revisit it after the November elections.

A few years after a pair of high-profile failures pared their ranks and damaged their credibility, bankers' banks are seeking to overcome weak loan demand by becoming trusted advisors to small institutions.

Robert T. Isham, who has a private practice in nearby Lake Bluff, succeeded Willard Bunn 3rd as the board's new leader, the bank said on Wednesday.

Orrstown Financial Services (ORRF) is in the market for a new chief operating officer, adding to the list of vacated posts at the struggling company.

A federal judge has thwarted efforts by African-American consumers to proceed with a class-action lawsuit against Option One Mortgage in which the plaintiffs alleged that they were charged higher fees on home loans than white borrowers were.

Every consumer should have access to a low-cost, full service bank account that helps them make necessary payments, manage cash flow and avoid ancillary fees.