Two operators of a mortgage modification scam in California were sentenced last week to a year in jail and four years probation and must repay more than $32,000 to three dozen victims - a sum that could increase if more victims come forward.

ATLANTA-A new study has found shared branching has helped credit unions capture more consumers dissatisfied with banks, especially higher-revenue households.

After selling a large chunk of its nonperforming assets in the fourth quarter, State Bancorp Inc. in Jericho, N.Y., returned to profitability in the first quarter.

WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.

SOUTH LANSING, Mich. – Lake Trust CU, a newly created credit union giant, on Friday broke ground on a new branch on the former Brownfield site of Lansing’s long-abandoned Regent Inn.

WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.

The $5.1 billion-asset company, with dual headquarters in Lansing, Mich., and Phoenix, announced Friday that it had entered into stock redemption agreements with the local owners of Fort Collins Commerce Bank, Larimer Bank of Commerce and Loveland Bank of Commerce.

Commerce Bancshares Inc. in Kansas City, Mo., said its first-quarter earnings rose 43% from a year earlier, to $44.2 million.

When Bank of North Carolina took over Beach First National Bank in Myrtle Beach on April 9, the seller was the first bank failure in South Carolina in 11 years.

ROCK HILL, S.C. – Family Trust FCU plans to begin construction early next year on its first branch in Fort Mill, which will be the credit union’s eighth branch.

Four Oaks Fincorp Inc. and a shareholder are engaged in a proxy battle over a proposal to separate the North Carolina company's chairman and CEO roles.

These are not easy days for community banks in Georgia and Florida, but signs of hope are springing. This week in Georgia Ameris Bancorp in Moultrie announced plans to raise nearly $74 million in fresh capital via a public offering, and Gwinnett Community Bank said it raised $5 million from members of its community.

BATON ROUGE, La. – La Capitol FCU has acquired the CU Service Center branch here, making the Louisiana shared branch network an all outlet environment.

ALBANY, N.Y. – SEFCU, a $2 billion capital city credit union, is moving its local operations to a new commercial building in downtown Schenectady, and will rename the $4.5 million building SEFCU Square.

Many in the collection business have fallen on bad times. For some, it’s the first time they’ve been in this position, and they’re looking to lenders for collaborative solutions to help manage their debt.

Westamerica Bancorp. of San Rafael, Calif., announced Tuesday that its first-quarter earnings fell 55% from a year earlier, to $23.6 million, as its credit costs remained relatively low but were significantly higher than a year earlier.

First Mariner Bancorp of Baltimore has boosted its common equity by $10.9 million. The $1.38 billion-asset company announced Tuesday that it had raised $3.9 million through a rights offering to existing shareholders, and raised the remaining $7 million in a public stock offering.

The Federal Deposit Insurance Corp.'s board voted Tuesday to extend by six months its program offering unlimited deposit insurance for business accounts, a sign that it remains concerned about the health of community banks.

TierOne Corp. in Lincoln, Neb., said that it has been notified that it is noncompliant with Nasdaq's listing rules for a second time in several months.