A second director at the troubled Atlantic Coast Financial (ACFC) has resigned due to concerns about how the Jacksonville, Fla., company is run.

Ameris, BancFirst and BankUnited all allowed investors to decide how often they wanted to vote on executive compensation. The results from those annual meetings might encourage other banking companies to do the same next year.

"I wouldn't want to be buying a foreclosure, then have the title examiner find that a robo-signer had participated in the process," says Massachusetts' register of deeds.

Bank of America (BAC) will lay off 675 employees at two offices in Fort Lauderdale, Fla., as part of the bank's broader plan to reduce its head count.

ViewPoint Bank in Plano, Tex., is selling its home lending unit to a Dallas-based nonbank lender as part of its continued shift from a thrift to a commercial bank.

Europe's banking industry needs to shrink its balance sheets to improve capital structure, said JP Morgan Chief Executive James Staley Friday.

The New Jersey bank offers cheap mortgage refis, but their fine print means that some customers end up paying additional interest or taxes — and complaining about the extra costs.

The Mississippi bank quietly cut a deal in Arkansas that could undercut class action claims in Florida and save it millions. An appeals court is reviewing the controversial legal strategy.

U.S. consumer borrowing rose less than expected in April, as Americans cut back on the use of revolving credit.

John Medlin Jr., the longtime chairman and chief executive at Wachovia Corporation and one of the most respected bankers of his generation, died Thursday, according to news reports. He was 78.

Two prominent Democrats — Sen. Richard Durbin and Rep. George Miller — asked the Consumer Financial Protection Bureau to examine fees charged to college students who receive financial-aid disbursements on their debit cards.

Michael Larrowe, a Cardinal executive who was once derided by an activist investor, becomes CEO and rejoins the board as a group of recently elected directors looks to move the Floyd, Va., company forward.

Many banks are still processing at least some checking account transactions from largest to smallest, possibly triggering more in overdraft fees for customers, a new survey found.

I urge travelers to San Francisco to take a tour and visit some of the many startups, disruptors and success stories in the area.

Ailing Capitol Bancorp is corralling some of its most dire bank units — Bank of Las Vegas, Indiana Community Bank, Sunrise Bank of Albuquerque and Sunrise Bank of Arizona — as part of its ongoing effort to raise fresh capital.

Patriot Financial Partners, a Philadelphia PE firm, hires the former CEO of a community bank in Pennsylvania.

Thomas Marano, Residential Capital's chief executive, said Thursday that Nationstar Mortgage will likely face competition in its pursuit of the bankrupt lender's mortgage assets.

West Virginia Rep. Shelley Moore Capito has asked the Federal Deposit Insurance Corp. to provide Congress with a detailed analysis on the performance of the Transaction Account Guarantee program in order help lawmakers decide to whether or not to extend the four-year-old program when it expires Dec. 31.

Bank of America has a new ad campaign aimed at inspiring trust in Merrill. Unfortunately for B of A, the announcement of the campaign coincided with fresh reports that its executives misled shareholders about the condition of Merrill Lynch before its acquisition.

Edward Grebow is making use of the $100 million in private equity that the New York bank received last year, tackling bad loans and expanding into prepaid cards and residential mortgages.