MB Financial Inc. in Chicago is looking to looking rid itself of its asset-quality problems in one fell swoop.

Malhotra and his business partner, Yaron Ben-Zvi, Gratio's chief operating officer, got some powerful validation on Thursday, as nearly 300 attendees of the sixth Annual Underbanked Financial Services Forum in New Orleans selected GoalMine as the winner of the Core Underbanked Innovators Challenge.

TrustCo Bank Corp. in Glenville, N.Y., plans to sell 13.6 million shares of stock in a public offering.

It's unclear whether "Sharia ban" state laws would affect the growth of Islamic finance. But at the very least, the political climate is certainly not fostering a welcoming environment.

Washington Federal Inc. in Seattle is raising its profile in New Mexico with a deal to acquire six branches and $253 million of deposits from Charter Bank in Albuquerque.

The Small Business Lending Fund will not provide the boost to economic activity hoped for when it was enacted. Banks have again had the rug pulled out from under them.

Two weeks after striking a deal to buy Capitol Bancorp's Seattle unit, AmericanWest is moving into the California market with a deal for Capitol's Sunrise Bank in San Diego.

U.S. consumers average credit scores dropped three points to 667 since May 2010, while credit card debt plunged by 15% to $6,740 in the same period, according to data Credit Karma released Thursday.

The board of directors at Community Partners Bancorp in Middletown, N.J., has elected Frank Patock as chairman of both the company and its bank subsidiary, Two River Community Bank.

Washington Federal Inc. in Seattle is raising its profile in New Mexico with a deal to acquire six branches and $253 million of deposits from Charter Bank in Albuquerque.

City National Corp. of Los Angeles is expanding to Nashville, Tenn., to expand its entertainment division.

In the wake of the compromise of RSA Security's one-time-password tokens, it's the smaller banks that may feel the greatest impact, since they have more invested in a single security technology than their larger peers.

Painful consolidation is coming to community banks, and the biggest determinant of which companies will survive is the quality of senior management, particularly the chief executive.

Consumer credit jumped by a seasonally adjusted 3.1% annual rate in April, the seventh consecutive monthly gain, according to the Federal Reserve's monthly G.19 report released Tuesday.

The Fed on Tuesday announced a written agreement with the Fargo, N.D. company. Cornerstone agreed to serve as a source of strength to its $265.4M subsidiary, which has been operating under a consent order with the FDIC since Aug. 23.

Kay M. Hoveland has notified the board of the $900 million-asset Kaiser that she plans to retire as the CEO of the thrift and president and CEO of its holding company, Kaiser Federal Financial Group Inc. Hoveland also plans to resign from the bank's board.

Midwest Corporate Federal Credit Union in Bismarck, N.D., has become the first corporate credit union to voluntarily liquidate in the face of daunting new capital and other regulatory requirements from the National Credit Union Administration.

The $1.46 billion-asset company said in a filing Monday with the Securities and Exchange Commission that L. Anderson Creel will resign at the end of the year.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as the president of its Florida operation.

With many competitors eschewing the interest-rate-sensitive housing market, First PacTrust took the opposite tack, agreeing to pay $17 million for Gateway Bancorp.