Don Adam’s American Momentum shifts from building to buying in Sunshine State.

In an overdraft class action, plaintiffs' attorneys moved to unseal records in the case. This move could prompt greater public scrutiny of banks' motives.

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PNC's purchase of two dozen Flagstar branches in Atlanta illustrates how the market for asset divestitures may be thawing as whole-bank transactions remain frozen.

Visa's fiscal third-quarter net income rose 40.4% due partly to a gain from the revaluation of a deal with Visa Europe.

United Federal Credit Union in St. Joseph, Mich., has agreed to buy Griffith Savings Bank.

Servicers get reimbursed for advances when a loan is modified or the home goes into foreclosure. This may help explain why Ocwen's program is specifically aimed at borrowers who've defaulted.

UMB Financial Corp. in Kansas City, Mo., reported earnings of $26.3 million, up 14.4%, as credit costs fell and noninterest income jumped.

Wintrust Financial Corp. in Lake Forest, Ill, said Wednesday that second-quarter earnings fell 10% from a year earlier, to $11.8 million.

FirstAtlantic Bank said Wednesday that it had agreed to buy CenterBank in a deal that will combine two Jacksonville, Fla., banks.

A federal regulator on Wednesday filed a lawsuit against UBS AG, asserting that the investment bank made false statements when selling $4.5 billion in mortgage-backed securities to mortgage giants Fannie Mae and Freddie Mac.

Security Savings Bank in Southport, N.C., said that it has hired an Atlanta firm to help it explore strategic option, including a possible sale.

Fiserv says final interchange regulations should free up technology spending by banks later this year.

Jim Grant discusses public policy and industry consolidation.

Cullen/Frost Bankers Inc. in San Antonio reported that second-quarter earnings rose 5.3% from a year earlier, to $55.7 million, although the company struggled to capitalize on a windfall of excessive liquidity.

Michelle Korsmo will become the new chief executive of the American Land Title Association, replacing Kurt Pfotenhauer, who is leaving at the end of the month to become executive vice president and vice chairman of First American Title Insurance Co.

Mortgage application volume declined for the fifth time in the last six weeks, this time by 5% for the week ended July 22, according to the Mortgage Bankers Association.

Equifax finds the credit cycle has turned as new credit growth continues. Several portfolio metrics indicate the credit cycle is moving to stabilization and growth.

Amex hired a former Google exec to run a joint venture with French e-commerce website vente-privee.com, offering deals on luxury goods to U.S. customers.

The new application offers personal financial management tools and a look at how other customers with a similar profile are spending their money.