The NCUA Board this morning approved the combination of Ohio’s Corporate One FCU with Florida’s Southeast Corporate FCU, the fifth corporate merger over the past few months, whittling down the number of corporates to 15.

Of the 575 official complaints against Capital One's plan to buy ING Direct, only one stuck: The credit card lender has been a serial screw-up when it comes to getting delinquent borrowers to pay up, the Fed found.

Waccamaw Bankshares scored a minor victory tied to a 2010 capital infusion, though its president said the result only buys time to explore "strategic alternatives."

Town and Country Financial Corp. in Springfield. Ill., is combining its two bank subsidiaries that it has operated as separate entities for nearly three decades.

The Federal Reserve approved Capital One's acquisition of ING Direct late Tuesday with few strings attached. The decision had big banks and dealmakers breathing a sigh of relive and consumer advocates steaming.

Raymond James Financial Inc.'s offering of 10.5 million shares, including 1 million shares offered by selling stockholders, priced at a 2% discount to its Tuesday closing price.

Another day, another acquisition for deal-happy Wintrust Financial Corp.

After nine months of consideration, the Fed said the merger of Capital One with ING Direct USA did not pose a systemic threat, but placed conditions on the deal to ensure the combined institution did not become one.

The insurance unit of Encore Bancshares Inc. of Houston has acquired Whittington Insurance Agency in League City, Texas.

Market watchers would have been stunned if regulators blocked Capital One Financial Corp. from buying ING Direct USA. The Federal Reserve Board did give its green light late Tuesday afternoon, but its delays in reaching the decision underscored the political obstacles facing big merger deals in the postcrisis era.

A unit of SI Financial Group Inc. in Willimantic, Conn., is selling its trust operations outsourcing business to an Atlanta wealth management company.

Thomas Storrs, who led a Bank of America predecessor for nearly a decade, died last week. In an interview, Hugh McColl recalls his mentor's ability to think strategically and his determination to make interstate banking a reality.

Investors would be interested in buying Emigrant's 32 New York branches if the price is right and a deal can be done soon, Investors CEO Cummings says, according to a report.