Flagstar Bancorp Inc. increased its loss for the fourth quarter and 2011 by $4.2 million after revising a payment to settle claims regarding underwriting practices associated with loans insured by the Federal Housing Administration.

Rurban Financial Corp. in Defiance, Ohio, has revised its 2011 earnings after the abrupt bankruptcy of a key client wound up wiping out much of the company's fourth-quarter profits.

Like U.S. Bancorp, Regions Financial Inc., BB&T Corp. and others, Citizens Republic has introduced a prepaid card and is expanding its line of alternative financial products used by underbanked consumers.

The American Bankers Association told attendees at its Government Relations Summit that now is not the time to “play footsie” with lawmakers and regulators.

BRANDON, Fla. – The old Brandon Hometown Buffet, a favorite local eatery on Sunday mornings, will become a branch of Mid Florida CU this summer.

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Is it inevitable? Will community banks as we know them cease to exist over the next 10 years, with large, regional and multi-state banks along with credit unions left to fill the gap?

Senate Democrats Tuesday failed in an attempt to scale back a bill meant to ease the path for small banks to raise new capital.

Daryl Byrd is reluctant to discuss specific markets, though he says in an interview Tuesday that his company is open to deals in several states as it looks to grow more outside its home turf in Louisiana.

Fulton Financial Corp. has promoted an insider to replace R. Scott Smith Jr., who announced plans to retire from the Lancaster, Pa., company at the end of this year.

The Federal Reserve Board has terminated a written agreement with Mid America Bank and Trust Co. in Dixon, Mo.

A group including $78 billion-asset M&T and $9 billion-asset Sterling Financial ratcheted up their servicing portfolios by a fifth or more in 2011. Nonbanks are scooping up problem loan servicing, but banks still have a distinct funding advantage.

Bank of Montreal expects to save $300 million a year from the acquisition of Marshall & Ilsley, $50 million more than initially forecast, CEO William Downe says.

A Virginia investor who has co-founded and sold three community banks in the past decade may buy up to a 45% share in First Capital Bancorp Inc. in Glen Allen, Va.

Green Dot CEO Steven Streit discusses the growing consumer acceptance of reloadable prepaid debit cards.

Taylor, Bean & Whitaker Mortgage Corp.'s former finance chief admitted to helping his boss, Lee Farkas, commit what prosecutors say was one of the largest bank frauds in U.S. history.

The current U.S. tax code represents decades of political manipulation rather than any grand design, and can certainly be improved upon, but only a tax neutral pro-growth tax reform can prevent the deficit from spiraling out of control. Hence tax reform should favor saving over consumption and productive work over leisure, but otherwise be neutral, allowing capital and labor to flow to their most productive use.

Citigroup Inc. has reached a long-term agreement to provide credit services for the retailer coalition BrandSource.

Wells Fargo is already contacting borrowers who might be eligible for a principal reduction as required under the $25 billion robo-signing settlement with state and federal law enforcement agencies.

Dan Magder, a director of acquisitions for Lone Star Funds, has quit the investment firm to focus on what he calls an "REO-to-rental investment opportunity."