NORTH LIBERTY, Iowa – The city council voted Tuesday for a multi-million dollar package of property tax rebates for University of Iowa Community CU and the contractor for its proposed new headquarters as part of an effort to bring the troubled office project back to life.

The $17.8 billion-asset company said Monday that it had reached a marketing agreement with Boston Celtics star Ray Allen, who also played at the University of Connecticut. Webster has a similar marketing deal with Jim Calhoun, who coached Allen in college.

After saving his Washington bank from failure through an ingenious bankruptcy strategy, Patrick Rusnak has been scooped up by an in-city competitor.

Pacific Capital Bancorp in Santa Barbara, Calif., earned $20.8 million in the fourth quarter in its first full quarter after a $500 million capital infusion.

Earnings at Community Bank Shares of Indiana Inc. increased 35.8% in the fourth quarter from a year earlier, to $1.4 million.

Like their federal counterparts, the state commissioners are committed to ensuring banks operate prudently and customers are protected from abuses.

Debt buyer Asta Funding Inc. on Wednesday reported a decline in revenue due to a sharp drop in cash collections for its fiscal year first quarter ended Dec. 31.

For the fourth consecutive quarter, TransUnion's Credit Risk Index (CRI) declined - indicating consumers were less of a credit risk in 2010 compared with the previous year, the Chicago-based credit bureau reports.

Bridge Bancorp in Bridgehampton, N.Y., said Tuesday that it has agreed to buy Hamptons State Bank of Southampton, N.Y., for $6.3 million.

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Renasant Corp. took a gamble six months ago, promising investors it would buy a failed bank with their money or they would get it back. The $4.3 billion-asset company in Tupelo, Miss., has surpassed that expectation.

Anchor BanCorp Wisconsin Inc. in Madison said it had managed to keep its thrift adequately capitalized at yearend. The $3.6 billion-asset company reported a $14 million fiscal third-quarter loss late Monday, narrowing its loss by 4% in the period that ended Dec. 31, from a year earlier.

Shares of Clifton Savings Bancorp Inc. in New Jersey tumbled a day after it said its regulator would not approve its second-step conversion.

U.S. consumers are spending more on their credit cards after two years of cutting back, according to the Federal Reserve's G.19 report released Monday. The first increase in credit card debt since the financial crisis began is a sign Americans are gaining confidence in the economy.

LAKE HOUGHTON, Mich. – North Central Area CU has branched into the community’s elementary schools with new student-run branches in Houghton Lake, Roscommon, Standish and Twining.

Many bank chief executives are nearing retirement, and a big test will be finding their successors.

Heritage Financial Group Inc. in Albany, Ga., said Monday that it swung to a $922,000 profit in the fourth quarter from a $1.7 million loss a year earlier.

Though credit costs are subsiding at Dearborn Bancorp Inc. in Michigan, its bank has been undercapitalized for six straight quarters.

Texas Gulf Bank in Houston continued a management overhaul Sunday by rearranging several positions and naming Robert Greer as its chairman.

The Treasury Department has launched a public offering for the 1.6 million warrants for common equity it received from Wintrust Financial Corp. in Lake, Forest, Ill., under the Troubled Asset Relief Program.