Stephen P. Wilson was elected chairman of the American Bankers Association during its annual convention Tuesday in Boston.

An online marketer that falsely claimed ties to Google Inc. has been forced to stop operations as part of a Federal Trade Commission action that charged the defendants with marketing an allegedly bogus work-at-home scheme and charging hidden monthly fees to consumers’ credit card and bank accounts.

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San Diego Trust Bank Monday announced its 24th consecutive quarterly profit, reporting third-quarter earnings of $218,000, up 30% from a year earlier.

Farmers and Merchants Bank of Long Beach in California announced Monday that third-quarter earnings rose more than 10% from a year earlier.

Patriot National Bancorp Inc. of Stamford, Conn., announced late Friday that it had received a $50 million capital infusion from PNBK Holdings LLC to recapitalize its bank.

Bank of Lincoln County in tiny Elsberry, Mo., had just $35.7 million of assets when Nancy and Bill Laurie bought it in 2007. On Friday the bank, re-named Providence Bank, pulled off its biggest feat yet in picking up a failed bank more than five times its size, following a $75 million capital injection from the Lauries.

After receiving reports from the country's largest mortgage servicers on their foreclosure procedures, regulators are teaming up to double-check the findings.

PULLMAN, Wash. – Potlatch No. 1 FCU will introduce a branch in a new Wal-Mart Supercenter here, scheduled to open Oct. 27.

The Office of Thrift Supervision has put a halt to Meta Financial Group Inc.'s tax-refund-anticipation loans.

Webster Financial Corp. in Waterbury, Conn., Friday announced that it posted earnings of $22.7 million in the third quarter, compared with a loss of $19.25 million a year earlier.

Neighboring community banks recently have been making deals with local competitors before out-of-market buyers get interested.

Neighboring community banks recently have been making deals with local competitors before out-of-market buyers get interested. Though the pace of open-bank deals among community banks has picked up generally, analysts have noticed a shift back to unions between in-market or neighboring bank companies.

Fair Debt Collection Practices Act (FDCPA) lawsuits spiked to 441 in the Sept. 16-30 period, compared to 390 in the first half of September, according to data from U.S. District Courts. The number of consumer statute lawsuits in the second half of the month totaled 481, up from 421 in the prior reporting period. The total includes 59 Fair Credit Reporting Act (FCRA) lawsuits and 26 Truth-in-Lending Act cases.

VIENNA, Va. – Navy FCU said yesterday it is opening its first Air Force branch in Arizona to serve the 56th Fighter Wing at Luke Air Force Base.

Commerce Bancshares Inc. in Kansas City, Mo., said Thursday that its third-quarter net income rose 8.3% from a year earlier, to $55.9 million, showing signs of improving credit quality.

Sierra Bancorp in Porterville, Calif., said Thursday that it would raise $22 million in capital through several institutional investors.

A handful of law firms said they were investigating the board of First Franklin Corp. of Cincinnati for potentially breaching fiduciary duties related to the bank's proposed sale, announced Wednesday, to Cheviot Financial Corp. of Cincinnati.

Like many community banks, First Bancshares in Mississippi quite reluctantly took Tarp funds, accepting only half what it qualified for. Yet the $500 million-asset company is now going back for seconds.