Great Western Bancorp. Inc. of Watertown, S.D., has agreed to buy North Central Bancshares Inc. in Fort Dodge, Iowa, for $41.5 million.

Industry veteran Luke Hayden, who took over as president of PHH Mortgage less than two years ago, resigned from the firm this week to pursue what the company calls "other interests." Also departing is company treasurer Mark Johnson.

TCF Financial Corp. will take a $293 million hit in the first quarter after it decided to restructure its balance sheet while it looks to expand its specialty finance operations.

With 55 hours to go before the delivery of the latest stress test results, U.S. Bancorp Chairman and CEO Richard K. Davis struck a mostly sanguine tone Tuesday morning in describing the review process and in assessing the industry's prospects for passing it.

BB&T said Tuesday that it would pay off holders of BankAtlantic's trust-preferred securities and take an interest in additional assets to rescue the stalled deal.

Robo-signed affidavits and sloppy legal work led the bank to halt court claims. The errors cast doubt on billions of dollars in judgments.

MERRITT ISLAND, Fla. – Kennedy Space Center FCU has partnered with University High School in Orange City to open a working branch of the credit union on the campus.

HSBC Holdings PLC is planning to sell or close retail operations in seven Asian countries that it has decided not to focus investment on, the Financial Times reported Monday citing the bank's chief executive in Asia Peter Wong.

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Bank of American Corp. and Ally Financial Inc. have agreed to make deeper principal reductions for some borrowers under the $25 billion multistate mortgage servicer settlement.

More than a month after federal and state officials announced a massive $25 billion settlement with the five mortgage servicers, the Justice Department on Monday finally released the actual legal document. The document dump provided critical new details about the terms of the agreement.

The list of potential bank buyers is growing at a faster rate than the ranks of sellers, according to a new research note by KBW Inc.'s Keefe, Bruyette & Woods Inc.

TCF Financial CEO William Cooper had some surprising praise this week for the much-contested CFPB. But he pulled few other punches, telling retail bankers that Bank of America "screwed the pooch" with its failed debit-card fee.

Private equity fixed Pacific Capital and has agreed to sell it to UnionBanCal for a healthy price in a slow M&A market. There could have been more deals like this had regulators embraced PE.

William S. Haraf, the commissioner of California's Department of Financial Institutions, has resigned from the post, effective Friday.

Two small Kansas banks that have been discussing a merger for much of the past year have finally pulled the trigger on a deal.

Already an active lender to franchisees of fast-food restaurants, City National Corp. in Los Angeles is opening a loan office in Seattle as part of its strategy to broaden the scope of its restaurant financing.

Bank customers are making fewer regular visits to their local branches, which aren't getting cheaper for banks to maintain — but bankers are sharply divided on how to fix their branch problems.

The Bancorp Inc. has begun issuing a cobranded PayPal debit MasterCard, the financial institution announced March 12.