Wells Fargo & Co. said Tuesday it received a Wells notice from the Securities and Exchange Commission relating to disclosures in its mortgage-backed securities offering documents.

James E. Young, the longtime president and chief executive of Citizens Trust Bank in Atlanta, died on Monday after a brief battle with cancer. He was 62.

SunTrust Banks Inc., which has already lost hundreds of millions after repurchasing bad mortgages, could lose up to $150 million as it deals with the cost of mortgage-servicing problems.

After imposing a raft of new regulations, mortgage regulators are seeking servicing industry input to prevent the latest housing rescue bids from suffering the same dismal fate as their predecessors.

Carlile Bancshares Inc. in Fort Worth announced late Monday that it is acquiring Northstar Financial Corp. in Denton, Texas, and its subsidiary, the $950 million-asset Northstar Bank.

People's United has agreed to pay $3.25 million to acquire Citizens Financial' 52 branches inside Stop & Shop supermarkets on Long Island and elsewhere in New York, plus four traditional branches.

Past reports on industry health showed limited, if any, loan growth, but that changed in the most recent Quarterly Banking Profile.

BankAtlantic Chairman Alan Levan indicated that a court decision to block the sale of the company's thrift unit to BB&T could essentially derail the deal.

The plans provide new details on how banks will address foreclosure errors under consent orders signed last year.

IMGCAP(1)]

IMGCAP(1)]

The Federal Housing Administration is following through with its pledge to increase upfront and annual insurance premiums on its forward single-family business.

The Federal Reserve Board will terminate an agreement with Associated Banc-Corp next month as the Green Bay, Wis., company entered into a different order with another regulator.

Prosperity's agreement to pay $529 million for American State Financial is one of the priciest deals since Comerica agreed to buy Sterling Bancshares more than a year ago, but the reaction to it is much more positive than it was to Comerica's deal.

Southcoast Financial Corp. in Mt. Pleasant, S.C., reported a fourth-quarter loss of $4.8 million, or nearly five times larger than what it lost a year earlier.

Over the past couple of years, the seemingly dull topic of time management has become one that senior managers are showing increased interest in discussing with their teams. I suspect this has as least something to do with the fact that we are asking smaller and smaller branch teams to accomplish more with less.

Banks have been loath to cede any ground to carriers and handset makers in designing mobile wallets, so it seems out of character for JPMorgan Chase and Capital One to support Isis, the carrier-controlled entrant in the mobile payments race.

Now that the agency overseeing Fannie Mae and Freddie Mac has revealed the reasoning behind its stubborn opposition to mortgage principal reduction, the problems with its argument are clear.

An appeals court has handed down a potentially important decision for Bank of America, returning the bank's landmark $8.5 billion mortgage-bond settlement to state court after some investors had pushed to have it heard in federal court.

The Department of Housing and Urban Development alleged Monday that Bank of America imposed "unnecessary and burdensome" requirements on borrowers who relied on disability income to qualify for home loans.