With the expansion, the $3.7 billion-asset Union First Market Bank now has 99 branches in Virginia, including 29 in Martin's stores.

SATELLITE BEACH, Fla. – Navy FCU, which is expanding its non-Navy membership base, will open its first branch here to serve Department of Defense personnel stationed at Patrick Air Force Base.

Fear of getting laid off has home shoppers wary of committing to a mortgage, and those who do want to buy a home continue to find it hard to get financing, a survey found.

Nancy Alley, the vice president of product services at Xerox Mortgage Services, will succeed Greg Smith as the group's general manager.

Although residential lenders are starting to ponder cutbacks in their ranks, not all mortgagerelated firms are worried about their head counts.

Mortgage-related employment rose slightly in May, with residential companies adding 2,600 new jobs. However, the mortgage broker segment continued to suffer job losses: 1,600 workers left the business, some voluntarily and some not.

Texas Attorney General Greg Abbott on Friday charged debt buyer Encore Capital Group with robo-signing and falsifying affidavits, attempting to collect debts based on incomplete and inaccurate information and employing unlawful and deceptive collection tactics.

The first three failures of the quarter — two in Colorado, one in Illinois — late Friday cost the Deposit Insurance Fund an estimated $590 million and brought the year's toll to 51.

The first three failures of the quarter — two in Colorado, one in Chicago — late Friday cost the Deposit Insurance Fund an estimated $590 million and brought the year's toll to 51.

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The credit union is enabling its 14,000 members to access a document automation solution called TotaleAtlasWeb through its home banking portal, which is provided by PM Systems Corp.

The Tampa-based parent of Florida Bank issued 5,107 shares of series C preferred stock, grossing $1,000 a share, according to a filing with the Securities and Exchange Commission.

The Tampa-based parent of Florida Bank issued 5,107 shares of series C preferred stock, grossing $1,000 a share, according to a filing with the Securities and Exchange Commission.

After months of complaints about overzealous examiners, frustrated bankers took it a step further by pressing a House panel to pass legislation forcing regulators to be more lenient.

WikiLeaks supporters briefly regained access to Visa's payment gateway in a series of rapid midweek developments, but by Friday the gateway closed again.

For most of 2011, small banks have slowly reduced interest rates on deposits enough to stabilize or perhaps lift margins. It remains unclear whether banks will be able to sustain wider spreads.

For most of 2011, small banks have slowly reduced interest rates on deposits enough to stabilize or perhaps lift margins. It remains unclear whether banks will be able to sustain wider spreads.

The former Cannabis Medical Solutions has turned over a new leaf. The company, which provides payments processing services to medical marijuana sellers and health care businesses, said Friday that it has changed its name to MediSwipe to facilitate its expansion to new markets.

Castle Creek Capital, a California private-equity firm, has invested $27 million in fast-growing NBC Holding Co. in New Orleans.

The Federal Reserve Board has given the troubled Commonwealth Bankshares Inc. in Norfolk, Va., until the end of July to either raise fresh capital or find a buyer.