State Bancorp Inc. in Jericho, N.Y., said Wednesday that it redeemed $36.8 million of preferred stock issued to the Treasury Department as part of the Troubled Asset Relief Program.

Sturgis Bancorp Inc. in Michigan is suspending dividend payments to shareholders because management believes its strategy for propping up capital ratios by shrinking assets is no longer viable.

Lloyds Banking Group PLC made two critical decisions for the future of the bank, announcing the return Jan. 9 of its Chief Executive Antonio Horta-Osorio and disclosing that The Co-operative Group has been chosen as preferred bidder for a 632-branch network being sold by the bank.

Just when you thought all-stock deals were kaput, three recent deals proved otherwise. But they won't work for everybody in today's volatile markets.

RedRidge Finance Group said Wednesday that its RFG Fund I LLC acquired a majority interest in Excel Finance Holding Co., a consumer and auto loan provider.

Two independent advisory firms are recommending that shareholders at Brooklyn Federal Bancorp Inc. in New York vote in favor of the thrift company's plan to merge with Investors Bancorp Inc. of Short Hills, N.J.

As part of its ongoing effort to shed non-core assets, Citigroup Inc. is selling off its remaining stake in life insurer Primerica Inc.

WASHINGTON – The FDIC said today it approved the acquisition of Griffith (Indiana) Savings Bank by United FCU of St. Joseph, Mich., the first bank to be acquired by a credit union.

Shareholders for Herald National Bank of New York have until Dec. 21 to decide how they want to get paid in the proposed merger with BankUnited Inc. of Miami Lakes, Fla.

Activist investor John W. Palmer appears to have won his bid for a seat on the board of the $1.2 billion-asset HF Financial Corp.

More investors in loans and other assets tied up in corporate bankruptcy fights have to file disclosures, but certain sensitive details about their holdings are no longer required.

The FDIC has served as the receiver on 90 banks so far this year, well below analysts' expectations. Still, observers say another 200 banks are at risk of failure over the next two years.

The Federal Reserve on Tuesday announced written agreements with two banking companies.

The Missouri Supreme Court has declined to hear the Missouri Attorney General's appeal of a decision to uphold a trial court’s dismissal of the attorney general’s lawsuit against Portfolio Recovery Associates.

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Cullen/Frost Bankers Inc. in San Antonio announced Monday that it has agreed to acquire the human resource consulting firm, Stone Partners Inc.

The Royal Bank of Scotland unit, as part of a larger effort to slim down, plans to put its 27 supermarket branches on Long Island up for sale soon, sources say.

Expect more debt exchanges and cash tender offers from banks in the coming months. The strategy is rational and the alternatives for generating equity are limited at best.

Piedmont Community Bank Holdings Inc. in Raleigh, N.C., wants to up its ownership stake in Crescent Financial Corp. of Cary, N.C., and is giving Crescent shareholders more time to mull its offer.

The heir to the Hyatt hotel fortune has ties to the industry, but the family's last banking venture didn't end so well.