The Virginia company had been fighting efforts by Schaller Equity Partners to win up to five seats on the board.

Investors are now willing to put money into community lenders with credible business plans, sufficient scale, and executives who show "courage" and "fortitude," says Greg Mitchell, CEO of First PacTrust.

Hans Morris, who left Visa in 2009 and joined private-equity firm General Atlantic, shared his payments investing philosophy with bankers and former colleagues on Monday night.

The Virginia company will have a retooled ownership, a new director and more capital after a private placement and rights offering. While Hampton Roads' private equity investors will own 90% of the company following those moves, early indications are that those companies are content with management's progress purging bad loans and cutting costs.

Northeast Community Bancorp (NECB) in White Plains, N.Y., is opening a fourth branch in Massachusetts as part of its continued expansion in the suburbs surrounding Boston.

Many bank buyers will stay on the sidelines until Dodd-Frank rules are written and the Consumer Financial Protection Bureau's agenda is clearer, industry experts say.

Barclays PLC (BCS) is looking to sell all its Italian branches in an attempt to focus more on core activities to boost its profitability, a person familiar with the matter told Dow Jones Newswires on Tuesday.

Former Salomon Brothers trading star Valerie Thompson used investment banking as the backdrop to her steamy new novel.

The Alabama company’s management team used a conference appearance to discuss plans to expand in credit cards and auto lending, while assuring investors that it has turned the corner in the Southeast.

The federal agencies treat PE players as "slippery" characters, impose "draconian" limits on them and make the troubled European economy more appealing for bank deals, investor Ross says.

A breakdown of M&A announcements for the week ended May 19.

Daryl Byrd, the CEO of Iberiabank (IBKC) says a wave of bank mergers is inevitable and will be larger than expected. Rusty Cloutier, his counterpart at MidSouth Bancorp (MSL), says a lack of able buyers is miring consolidation.

Green Dot Corp. said Monday that it has signed a new multi-year distribution deal with Dollar Tree Inc. and extended its contracts with other partners.

Yahoo said it is selling up to half its stake in Alibaba Group back to the company.

The flagging bank M&A market needs a revival. This week bank executives and investors are sharing strategies to bring back the deals.

WASHINGTON – Members of the credit union-start-up REALTORS FCU, billed as the nation's first virtual credit union, voted over the weekend during the annual convention of its sponsor, the National Association of REALTORS, to merge the $75 million credit union into nearby giant Northwest FCU.

More than 100 former HSBC Bank branches across upstate New York and Connecticut are now operating as branches of First Niagara Bank.

Barclays PLC said Monday that it intends to sell its $6.1 billion stake in BlackRock Inc., as the U.K. lender seeks to redeploy cash to boost its profitability and offset the effects of impending regulation.

WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.