For the last year, Flagstar's been talking about diversifying its mortgage-heavy portfolio with commercial credits. With credit problems now waning, that push is moving forward.

Projections for losses in target loan portfolios in recent deals were in league with markdowns taken against Wachovia and Nat City in late 2008, when the economy was in freefall.

Iberiabank Corp. in Lafayette, La., said Wednesday it has recruited Robert Kottler to become director of retail and small business.

Hudson Valley Holding Corp. in Yonkers, N.Y., said the chief of staff for former New York Gov. George Pataki has joined its board.

The Fed reached a written agreement on Feb. 18 with the $1.4 billion-asset company that gives it 60 days to maintain adequate capital on a consolidated basis.

Hamilton State Bancshares Inc. has raised $231.6 million in capital that it plans to use to exit the Troubled Asset Relief Program and buy failed banks.

An effort to delay interchange rules continued to build momentum Wednesday as bankers and lawmakers called for a more effective exemption for small financial institutions.

My friend pointed out that in normal job markets, there was a tendency for bad hires, or people no longer happy in their jobs, to leave the company on their own. Now, his problems are twofold.

A review of goodwill or, conversely, bargain gains as a percentage of acquired assets in recent years offers another perspective on an apparently slipping advantage for buyers.

State Employees' Credit Union in Raleigh, N.C., is cutting interest rates on its Salary Advance Loan by as much as 50%.

Community Financial Shares Inc. of Glen Ellyn, Ill., said late Monday that its net loss widened to $2.2 million in the fourth quarter, from $690,000 a year earlier.

Premier Financial Bancorp Inc. in Huntington, W.Va., said Tuesday that its fourth-quarter earnings fell nearly 50% from a year earlier, to $2.5 million.

An estimated 444 collection agencies and creditors were sued between Feb. 1-15, a slight uptick from 440 in the second half of January, according to data from U.S. District Courts.

Republic Bancorp Inc. has accused the Federal Deposit Insurance Corp. of multiple abuses of its authority, escalating an ongoing battle over refund-anticipation loans.

The Federal Trade Commission is mailing 1,455 refund checks to consumers defrauded by a mortgage loan modification and foreclosure rescue scam.

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International Bancshares Corp. in Laredo, Texas, said Monday that its net income fell 10% in 2010, to $116.9 million.

The National Credit Union Administration said credit unions that charge fees for automatic identity theft protection as part of free checking may be engaging in unfair and deceptive practices.

The Bancorp Inc. in Wilmington, Del., said Monday that it is trying to increase its equity by $50 million.

Regulators have ordered Sunwest Bank in Tustin, Calif., to improve its compliance with the Bank Secrecy Act.