Sabal Financial, a Newport Beach, Calif., firm that invests in distressed assets, has acquired $69 million of loans from BB&T (BBT) of Winston-Salem, N.C.

The management of 1st Constitution (FCCY) in Cranbury, N.J., is planning to raise up to $7 million through a rights offering.

From Paul Ryan on Volcker to Julie Williams leaving the OCC, Washington managed to dominate banking news during a week when it's traditionally a ghost town.

The Treasury Department on Friday said it is restructuring the terms of its investment in Fannie Mae and Freddie Mac, four years after the government bailout of the beleaguered housing behemoths.

Eight months after abandoning plans to sell itself, BankUnited (BKU) in Miami Lakes, Fla., is once again weighing offers from potential buyers, the New York Post reported Friday.

The Treasury Department today announced plans to accelerate the winddown of Fannie Mae and Freddie Mac.

It took the Denver company nearly a year to complete its purchase of a rival twice its size. The deal, which required raising capital to buffer against the seller's credit issues and complete a Tarp repayment, illustrates the difficulty of making small but ambitious acquisitions.

MANSFIELD, Texas – Texas Trust Credit Union has purchased two office buildings with nearly 80,000 square feet of space that it designated to become its new corporate headquarters.

Chargeoff rates ticked up at four of the six largest issuers in July from the previous month. Delinquencies held steady, however, bucking the typical seasonal increase, and writeoffs appear set to subside in the coming months.

Discover Financial Services now allows consumers to link Discover cards to Google's mobile wallet from Discover's website.

The Department of Housing and Urban Development will sell a $1.7 billion portfolio of nonperforming Federal Housing Administration loans in September as part of a bulk sale program aimed at helping borrowers avoid foreclosure, the loan sale advisory firm DebtX said Thursday.

Over objections from residents and lenders, the county passed a resolution Thursday authorizing its staff to seek bids from private companies looking to buy up and restructure underwater mortgages.

Fannie and Freddie's earnings from guaranteeing mortgages were a footnote when they were racking up huge losses. Now that they've stabilized, what fees their conservator sets will determine whether they shrink or can again be profitable.

Ocwen Financial (OCN) in Atlanta has hired a mortgage industry veteran to fill a new position for government and community relations.

Square is taking a bigger bite at the small-business market by offering flat-fee processing to merchants, furthering efforts to present itself as a more full-featured option for card acceptance.

The troubled Royal Bank of Scotland is reluctant to sell its profitable Citizens Financial Group unit in the U.S., so investment bankers and others are urging it to sell its branches in two markets, Chicago and Detroit, where it is a relatively minor player.

We don't need and shouldn't have one-size-fits-all regulatory policies. Community banks are different from their larger U.S. counterparts.

The Federal Reserve Board has entered into a written agreement with PNBK Sponsor that requires the Stamford, Conn., company to serve as a source of strength to its bank.

Ellie Mae's survey found that community banks still have some concerns about regulation and compliance costs. Still, they expect that a decline in competition could be good for overall business.