Popular Inc.'s management deemed 2011 a "turnaround" year as the San Juan, Puerto Rico, while projecting an even better 2012.

Bank of the James Financial Group Inc. in Lynchburg, Va., said that its common stock began trading on the Nasdaq Capital Market exchange on Wednesday.

First Midwest Bancorp Inc. in Itasca, Ill., swung to a profit in the fourth-quarter, after losing more than $30 million a year earlier.

Earlier this month, Citi announced the expansion of its popular "thankyou" program with a new Facebook app. If the number of likes (185,000 and counting) on Citi's page is any indication, it appears Citi has found a compelling way to engage its youngest and most fickle customers in the place they spend most of their digital time.

The Michigan company reported its fourth straight annual loss, despite a dogged attempt to harness problem credits.

Bank of Kentucky Financial Corp. in Crestview Hills will be looking for a new chairman after Rodney Cain informed the company that he is stepping down from its board.

CFPB joins forces with others on database of financial companies found to prey on servicemembers.

HSBC confirmed Wednesday that it is under investigation by a U.S. Senate panel in connection with money laundering, the latest in a series of official inquiries.

Obama's plan to pay for expanded refis turns heads, but similar proposals for bank fee have fallen flat before.

Cullen/Frost Bankers Inc. in San Antonio said Wednesday that its fourth-quarter earnings rose 4% from a year earlier, due to improvements in credit quality and earning assets.

New York Community Bancorp Inc. in Westbury, N.Y., reported Wednesday that fourth-quarter profits fell more than 21% from a year earlier, to $117.7 million, due largely to a decline in noninterest income.

BillFloat Inc., a provider of credit and underwriting services, has hired a community banking veteran as a senior advisor.

Harland Clarke said Wednesday that it is replacing its brick-shaped check boxes with a new package that it says offers security and other advantages.

UMB Financial Corp. in Kansas City, Mo., on Wednesday reported $23.3 million in fourth-quarter profits, up 22% from a year earlier but falling short of expectations.

The Treasury Department said Wednesday it has completed the sale of pools of securities backed by small business loans, marking the end of another piece of the Troubled Asset Relief Program.

BankUnited Inc., which last week confirmed a short-lived effort to sell itself, said Wednesday that its fourth-quarter earnings rose nearly 50% from a year earlier, to $41 million.

Citigroup Inc. will no longer purchase "medium or high-risk" loans that could result in buyback requests from Fannie Mae or Freddie Mac, in the bank's latest effort to improve the quality of mortgages it buys from correspondent lenders, according to an internal memo obtained by American Banker.

Iberiabank Corp.'s reported increased quarterly earnings Wednesday, though merger-related costs and impairment charges caused the company to fall shy of Wall Street's expectations.

The prepaid card marketer NetSpend has entered into a distribution agreement to sell its Visa prepaid cards at 5,000 7-Eleven locations in the U.S.

After spending much of 2011 watching its loans shrink, PrivateBancorp Inc. in Chicago increased its loans by nearly 4% during the fourth quarter. That boost was enough to lift analysts' confidence and estimates.