American Banker's Rob Blackwell explains why lenders may learn to love the agency's forthcoming mortgage disclosure rules.

First Financial Holdings Inc. in Charleston, S.C., said Monday that it has completed its sale of its managing general insurance agency subsidiary to Burns & Wilcox Ltd. of Farmington Hills, Mich.

An investigation by the Office of Inspector for the Federal Housing Finance Agency says the agency had information as early as 2009 about potentially abusive foreclosure practices, but did nothing to investigate them.

Plaintiffs attorneys suing banks over the alleged manipulation of overdraft fees have won some impressive victories in court, but gotten far less positive attention out of court. Now a former colleague is objecting to the class action attorneys’ settlement with Bank of America.

Understanding the management of Bank of America is now next to impossible. What makes them want to anger 50 plus million solid retail customers while their entire operation is in damage control? Five million customers from the bank I headed joined this group when B of A acquired it in 1992.

FORT WORTH, Texas – Unity One CU is opening a new student-run branch Friday at Fossil Ridge High School here.

After several weeks of negotiations, Bank of America and Fortress Investments have ended talks over the bank selling its correspondent mortgage division to the publicly traded investment fund.

The ailing Central Progressive Bank in Lacombe, La., may have found its savior on the other side of Lake Pontchartrain.

The senator who authored new interchange rules says that by imposing a $5 monthly fee on debit-card customers, Bank of America will be overcharging its customers.

Technology Credit Union has applied to NCUA to convert to a mutual savings bank, which, at $1.5 billion, would be the biggest credit union conversion to bank yet.

IMGCAP(1)]

IMGCAP(1)]

Central Federal Corp. in Fairlawn, Ohio, is set to bring in a new chief executive and president after it raises up to $37.5 million.

Under orders from regulators to beef up its capital levels, Legacy Bank of Florida in Boca Raton has raised $2.8 million in new capital and has deals in place in to receive an additional $13.5 million.

The two Pennsylvania banks renegotiated part of their deal, to make it harder for Tower to back out of its sale to Susquehanna. It's another example of volatile stocks complicating bank M&A.

The Department of Financial Services officially launched Monday and will focus on modernizing regulations and consumer protections.

Bank risk managers are expecting the worst unless the economy improves.

State Bank Financial has bought 10 failed banks since 2009, and CEO Joe Evans discusses his outlook for more deals. He also discusses challenges with loan demand, and the long-term outlook for his bank in its core markets of Atlanta and Macon, Ga.

Starbucks Coffee Co. is teaming up with community development lenders to create a nationwide loan fund that would help local businesses, developers, nonprofits and micro-enterprises expand and create jobs.

MOUNTLAKE TERRACE, Wash. – 1st Security Bank of Washington, the ailing one-time credit union known until 2004 as Washington's CU, plans to raise up to $32 million in an initial public offering.