Credit unions have increasingly used a marketing campaign that combines social media with contests to find young, media-savvy spokespeople. Can banks mimic their success?

The operator of a defunct money-making scam has agreed to settle a federal court judgment the Federal Trade Commission obtained against him in 2007 for falsely claiming his “wealth building” program would teach consumers how to make substantial income in a short time by buying and selling privately held mortgages.

The Federal Deposit Insurance Corp. will no longer apply a rate just to an institution's domestic deposits, instead capturing the entire funding base.

PENSACOLA, Fla. – Florida Gov. Rick Scott will join officials of Navy FCU for Friday’s grand opening of the 224,000-square-foot Building 4 of the credit union’s huge call center here.

Reissued consent orders are longer and far more detailed, with higher capital ratio standards, despite improvements banks have already made.

Sun Bancorp Inc. in Vineland, N.J., said it raised about $81 million in net proceeds from a recent public offering.

People's United Financial Inc., which recently entered mortgage warehousing, has amassed credit applications for almost $500 million, according to a company executive.

Superior Bancorp in Birmingham, Ala., has named C. Marvin Scott as its chairman and chief executive and Rick Gardner as its president.

Kondaur Capital, which a month ago slashed its loan workout staff by nearly 40%, hired Mark Ferrara as managing director of its newly formed community banking group.

A Kansas thrift has teamed up with Bankers Portfolio to refinance underwater mortgages where investors have agreed to take principal writedowns that meet FHA requirements.

FDIC chairman Sheila Bair received not one but two standing ovations from the ICBA, a week after she was heckled by members of the industry's other main trade group.

Two former officers of a failed Georgia bank have been indicted on conspiracy and fraud charges, the Justice Department said in a release Monday.

SAN ANTONIO – Air Force FCU opened a new branch in Del Rio yesterday, the $335 million credit union’s first new branch in nine years and first outside of San Antonio.

The $958.3 million-asset company named Bruce Boyea a director. Boyea is the chairman, president and chief executive of Security Mutual Life Insurance Co. of New York.

Coastal Banking Co. of Beaufort, S.C., reported late Friday that its net loss shrank to $2.3 million in the fourth quarter from $11.9 million a year earlier.

Hancock Holding Co. in Gulfport, Miss., said Monday that it began a $200 million public offering that would help it redeem an acquisition target's Treasury Department funds.

Centrue Financial Corp. of St. Louis late Friday reported a wider fourth-quarter loss of $39.2 million, largely as a result of a charge from goodwill impairment and a deferred tax asset adjustment.

Data on failed banks sold in the first 10 weeks of the year hints at a broader shift toward buyers going it alone.

Groups affiliated with Gerald J. Ford and Robert M. Bass have agreed to put money into troubled thrift SWS Group in Dallas.

The Federal Trade Commission said Monday it has issued its 33rd annual report to Congress describing the agency’s law enforcement and other efforts to protect consumers from unfair, deceptive and abusive debt collection practices.