TransUnion Corp. CEO and President Bobby Mehta will leave his position at the Chicago-based credit-reporting firm for "personal reasons," he told the board of directors, according to a Securities and Exchange Commission filing.

Louisiana lawmakers are reviewing ways to boost efforts to collect hundreds of millions of dollars in debts owed to agencies across the state's government.

Four out of five banks that closed important deals last week did so in four months or less. First PacTrust, which is new to getting M&A approval from regulators, needed 10 months to close one deal and has another pending after more than a year.

Regions Financial has unveiled a new line of Visa credit cards, following its repurchase of its card portfolio from Bank of America's FIA Services last summer.

Solera National Bank is looking to double its loan portfolio in the next year now that it is no longer operating under a consent order from the OCC.

Financial firms are raising less capital as domestic and international concerns abound.

Colony Capital LLC is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency, according to bidders and other sources familiar with the matter.

A fraud case that contributed to the recent failure of Montgomery Bank in Georgia could lead to more regulatory scrutiny when community banks look for outside investors.

Last summer rumors were spreading that a private equity firm had amassed $1 billion in cash and was eyeing investments in mortgage banking firms. A year later it appears that no such deals were struck by the unnamed fund, but that hasn't stopped the talk about PE firms still looking at the sector.

Georgetown Bancorp in Massachusetts has raised $11 million and completed its conversion to a stock-owned firm from a mutual holding company.

Vintage Bancorp, in Leon, Kan., on Wednesday canceled its deal for CornerBank, in Winfield, Kan.

The pace of bank mergers slowed in the second quarter, but deal announcements still rose about 15% in the first half from a year earlier, according to SNL Financial.

An unsolicited offer by PacWest added jet fuel to the shares of First California, strengthening its hand in a takeover deal of its own and bolstering management's effort to stay independent.

First California Financial Group (FCAL) has reduced by 38% the number of shares it would pay to acquire Premier Service Bank in Riverside, Calif.

Ocala Funding LLC, a financing vehicle used and controlled by failed Taylor Bean & Whitaker Mortgage Corp., filed for bankruptcy protection in Florida.

Fidelity National Financial's ServiceLink division acquired DRI Management Systems, while simultaneously rebranding DRI's default servicing workflow platform, in a deal announced Tuesday.

Universal Business Payment Solutions Acquisition (UBPS) has agreed to pay $179 million for three firms that process payments for small businesses.

1st Security Bank of Washington, a troubled former credit union known until 2004 as Washington's CU, announced this afternoon it raised $32.4 million with an initial public offering, the latest credit union-convert to go public.

Deposits are worth buying if you get them at a good price and are making loans, says Stephen Gordon, the chairman and CEO of Opus Bank, which agreed this week to buy 10 branches from PacWest for a 2.5% premium.

Amalgamated Bank in New York is continuing its product line expansion with the addition of a home mortgage division.