IMGCAP(1)]

IMGCAP(1)]

First Horizon National (FHN) in Memphis said Monday that it will take a $272 million charge in the second quarter primarily for mortgage repurchases from Fannie Mae and Freddie Mac.

BRATTLEBORO, Vt. – River Valley CU announced it is going to close its branch at the Windham Regional Career Center, which it opened to provide financial education.

The insurance unit of BancorpSouth (BXS) has agreed to buy the assets of Securance Group, an insurance agency in Brewton, Ala.

Almost three fourths of financial institutions do not provide small-dollar or direct deposit loans to customers but some are considering entering this line of business, a new survey from RateWatch found.

Struggling First Place Financial (FPFC) in Warren, Ohio, has turned to longtime banking executive Louis Dunham to help lead its recovery.

The Libertarian think tank has turned to the veteran banking veteran to resolve a longstanding battle between its co-founders.

Citigroup (NYSE: C) has named a new head of small-business banking and created a new position within the group to help it better identify potential customers.

The Basel Committee on Banking Supervision is currently entertaining tougher capital rules for certain types of construction and commercial real estate loans. If the rules go through, they could ice small banks' plans for returning to profit growth.

Jamie Dimon never had it, actually. He assiduously avoided subprime consumer credit, leaving profitable business on the table, but JPMorgan's recent trading loss reveals lax management of much greater risks.

The Treasury Department is auctioning off shares it owns in seven more community banks still left in the Troubled Asset Relief Program and at least five of the banks intend to bid on all or some of the shares themselves.

Capitol Bancorp in Lansing, Mich., is asking its debt holders to convert their interests to equity in what appears to be a last-ditch bid to avoid bankruptcy.

The national mortgage servicing settlement has proven a bust so far in helping clear up delinquent loans. Meanwhile, penalties for foreclosure misdeeds have become a hot-button issue.

We'll know that the banking industry has returned to full health when we see a significant number of new charters. We're not there yet.

Twitter co-founder Jack Dorsey and his Square payments device were the undisputed stars of this month's Underbanked Financial Services Forum — and Dorsey wasn't even there.

A year after completing its acquisition of M&I Bank in Milwaukee, Bank of Montreal's BMO Harris Bank said it is shuttering 17 branches in Wisconsin, as well as five branches in Indiana and one each in Illinois and Kansas.

Armed with $150 million of fresh capital, Alliance Partners in Chevy Chase, Md., has announced that it is adding an equipment finance unit to go along with its existing corporate lending service.

The New York State Assembly passed a bill that protects homeowners from fraudulent business practices like robo-signing from taking place during the foreclosure process.

Loan brokers using table funding captured 9.9% of the origination market in the first quarter, a slight gain from 4Q when the sector had a 9.7% share, according to new figures compiled by National Mortgage News and the Quarterly Data Report.