Memorial services were held in Charlotte Monday for Thomas Storrs, the former chairman and chief executive of North Carolina National Bank who laid the groundwork for today's Bank of America Corp.

Three months after Forrest Shook resigned as Fentura Financial's chairman, the company said in a regulatory filing that another key executive, CFO Douglas Kelley, is leaving its ranks.

IMGCAP(1)]

IMGCAP(1)]

OKLAHOMA CITY, Okla. – Tinker FCU paid $5.2 million for 57,000 square feet of office space in south Oklahoma City to allow for growth of operations.

Hampton Roads Bankshares of Norfolk, Va., announced that it plans to pursue a stock offering next quarter in which it hopes to raise between $54 million and $86 million. Separately, it has named Douglas J. Glenn its president and chief executive.

The premium increase, expected to be announced in the next week, is one of a series of steps the FHA is taking to avoid a taxpayer bailout.

The Consumer Financial Protection Bureau has requested $448 million from the Federal Reserve in 2013, according to the president's budget proposal, which also outlines the fees that regulators expect to collect from banks this year and would provide significant increases for the CFTC.

Fees for closing an account within a few months of opening it shouldn’t be lumped in with truly abusive industry practices.

The mortgage settlement was a political coup for President Obama and state attorneys general. For banks, it was merely the latest turn in a long and winding effort to put housing problems behind them.

Google's mobile wallet is getting a lot of attention, but from the wrong crowd — security experts.

Greg Gonzales closed two banks last month and a slew of new problem banks could keep him busy this year. In a recent interview, he says his strategy gives struggling banks a reality check, but enough rope as possible to solve their problems.

The White House plans to ask the largest U.S. firms to pay a $61 billion 'bank tax,' part of which will be used to pay for the administration's massive refinancing plan.

With the recess appointment of the director of the Consumer Financial Protection Bureau, the agency is becoming even more active and issues are coming into focus. Financial institutions subject to its jurisdiction should pay attention to its Supervision and Examination Manual published in late 2011.

While small banks already face a mobile banking adoption deficit to their larger competitors, some community institutions are still questioning the channel's safety.

First Virginia Community Bank in Fairfax has raised $6.7 million in capital from old and new investors and intends to use the proceeds to continue its rapid growth.

JPMorgan Chase & Co. chairman and chief executive Jamie Dimon on Monday called for a loosening of rules in the mortgage market, saying it is still too difficult for people to secure mortgages.

Cambridge Savings Bank has started a new division to cater to local and regional nonprofit organizations.

OmniAmerican Bancorp in Fort Worth, Texas, said Monday that its fourth-quarter earnings nearly quadrupled from the same period in 2010, to $1.2 million, as declines in loan yields were more than offset by an 18% increase in average balances of earning assets.

Those $1,500-$2,500 checks being sent to foreclosed-upon borrowers wouldn't cover Jamie Dimon's travel expenses to Davos.