Complaint also seeks to bar Alan Levan, the company's chairman and CEO, from serving as an officer or director of any public company.

Target Corp., which has tried for years to sell its credit card receivables, said Wednesday that it has temporarily "suspended" its efforts — and is spending more than $2.8 billion to divorce itself from JPMorgan Chase.

Corporate One FCU, which announced plans in September to combine with Florida-based Southeast Corporate FCU, said this afternoon the two corporates have signed a definitive merger pact.

If you run a bank in New York City, be advised that Jack Kopnisky is aiming to steal away some of your best lending officers now that his bank has an agreement to buy one of your local rivals.

In contrast to its more ambitious plan to expand in Florida through acquisitions, BB&T Corp. is taking a measured approach to growth in Texas.

PNC CEO James Rohr said more deals are possible after it completes the acquisition of RBC USA, but he vowed to be "very judicious" and said PNC could open new branches where needed.

Malvern Federal Bancorp Inc.'s stock price soared to its highest level since mid-summer Wednesday after the Paoli, Pa., company announced that it is converting from a mutual holding company to a 100% stock-owned company.

Provident New York Bancorp in Montebello said Wednesday that it has agreed to acquire Gotham Bank of New York for roughly $40.5 million in cash.

Select Bank & Trust Co. in Greenville, N.C., said Tuesday that it has completed its acquisition of Gibsonville Community Bank from Bank of Atlanta.

Landmark Bancorp Inc. in Manhattan, Kan., is buying Wellsville Bancshares Inc. in what would be its first bank acquisition in more than six years.

Weakened growth prospects and more regulatory hoops could prompt private equity firms to unload bank holdings.

CFS II, the collection company founded by industry maverick Bill Bartmann, is reviewing three states - Nevada, North Carolina and Illinois - as a potential location for a 40,000-square-foot call center site that eventually could provide 2,000 jobs.

Target Corp. said it will again suspend its efforts to sell its credit-card receivables portfolio until later this year and outlined plans to pay JPMorgan Chase & Co. about $2.8 billion, along with a make-whole premium, to retire financing it received in 2008.

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BancorpSouth Inc. in Tupelo, Miss., on Tuesday reported better-than-expected earnings for the fourth quarter and hopes to parlay the good news into a successful capital-raising effort.

The purchase of Wilmington Trust is starting to pay off, and M&T is in "great shape" to make other acquisitions if spots a good target, CFO Rene Jones says.

Cost cuts "certainly won't be the primary driver for earnings in the future," says CFO Timothy Sloan. CEO John Stumpf says Wells Fargo is "kicking lots of tires" for potential acquisitions.

Despite challenges finding a buyer, Citigroup still wants to get rid of its OneMain consumer lending business, CFO John Gerspach told reporters on Tuesday.

Dozens of small banks in California remain under enforcement actions, leading some industry observers to predict an impending wave of regulator-led consolidation.

Recent increases in bank stock values and the investment bank's success last year make William Hickey "guardedly optimistic," he says.