State regulators approved the mergers of five more troubled credit unions yesterday, including two by Credit Union of Southern California, the $600 million Brea credit union's third merger of the past few months.

First Citizens BancShares (FCNCA) in Raleigh, N.C., posted strong second-quarter results because of higher net interest income and a lower loan-loss provision.

Jeff Gerhart, the chairman and CEO of Nebraska's Bank of Newman Grove, is trying to help farmers with drought issues while also tackling concerns over Basel III rules and implementation for the Independent Community Bankers of America.

Susquehanna Bancshares (SUSQ) in Lititz, Pa., plans to raise up to $150 million through a senior notes public offering.

Barclays rejected a personalized debit card application from Luciano Pavarotti impersonator Colin Miller, saying Miller broke its rules by using an image of a celebrity.

Almost everyone has a bank. Fewer and fewer have a banker. Here’s why that needs to change.

Foreclosure filings fell 10 percent in July from a year earlier as court rulings and new legislation slowed the process for seizing homes in some states, according to RealtyTrac.

Morrill & Janes Bank and Trust in Merriam has agreed to buy United Bank of Kansas in Lenexa. United will be merged with Morrill and operate as a branch, Morrill said in a press release.

Citigroup (NSYE: C) is rolling out a pilot program with Carrington Capital Management that would allow several hundred distressed homeowners to stay in their homes as renters.

Itaú Unibanco Holding in São Paulo, Brazil, has denied that it is in negotiations to buy Citizens Financial Group, the U.S. arm of the Royal Bank of Scotland (RBS).

Campus card provider Higher One, along with The Bancorp Bank, its former bank partner, have settled a lawsuit with the FDIC stemming from several "alleged unfair and deceptive practices."

Innovest Systems, a technology firm specializing in trust accounting and wealth management products, has named Glenn Schmidt as its chief operating officer.

Bank of America's Merrill Lynch unit has named a former Citigroup executive as managing director of North American product sales for its global transaction services business.

Starbucks' $25 million investment in Square says a lot about the mobile payment provider's appeal to larger merchants — but the coffee chain's decision to leave out some of Square's technology also speaks volumes.

Vendors are jockeying to be the go-to firm for banks that wish to shed the piles of paper statements and bills still blocking the path to low-cost digital processing.

The case of Cross River Bank demonstrates how small banks swimming in excess liquidity are getting creative to add loans. The Teaneck, N.J., bank's CEO and senior lenders are walking visiting businesses offer small 0% loans.

Bowing to pressure from community bankers, regulators extended the comment period on a set of proposals that will lift banks' minimum capital requirement to 7%.

Standard Chartered PLC Chief Executive Officer Peter Sands denied a New York regulator's claims the lender broke U.S. anti money-laundering rules, and challenged the accuracy of the watchdog's report.

The Federal Housing Finance Agency warned Wednesday it would take action, if necessary, to stop cities from using eminent domain to seize underwater mortgages and attorneys say they are likely to prevail.

Robert Hill, SCBT's president and CEO, announces his second open-bank deal in nine months as it looks to consolidate in South Carolina and Georgia. SCBT has also bought three failed banks since January 2010.