Ocwen Financial Corp., which this week agreed to buy Morgan Stanley's Saxon Mortgage Services Inc., isn't planning on stopping its shopping spree anytime soon.

Its deal for Connecticut Bank and Trust would would provide an entree into the coveted Hartford market, Berkshire's CEO Daly says.

The acquisition of a failed bank in July gave Wintrust Financial Corp.'s earnings a strong boost in the third quarter.

Flagstar Bancorp Inc. in Troy, Mich., reported a net loss of $14.2 million for the third quarter, a 37% improvement over the same period last year and its smallest quarterly loss since the start of the financial crisis three years ago.

The deal for Anderen would be the largest open-bank transaction in Florida this year, but its price tag, as measure as a multiple of tangible book value, is much lower than those for comparable banks in other states.

The future of regional banks is simple: kill or be killed. The survivors will pose a threat to big banks, a roundtable of experts says in its predictions for banking in the year 2036

Nara Bancorp Inc. announced this week that it intends to raise $55 million in connection with its pending acquisition of Center Financial Corp. — a far cry from the $150 million it initially said it would need to seal the deal.

Fast-growing Berkshire Hills Bancorp Inc. in Pittsfield, Mass., is expanding into Connecticut with a deal to acquire the Connecticut Bank and Trust Co. in Hartford for $30 million in cash and stock.

Wheelers and dealers this week reported a mix of business gains and higher expenses from recent acquisitions. Truth is, it will take a long time to sort out the winners and losers.

TD Retail Card Services said Tuesday it will issue credit cards on behalf of outdoor power equipment manufacturer Cub Cadet.

Portfolio Recovery Associates Inc. (PRA), a Norfolk, Va.-based debt buyer and accounts receivable management company, has been recognized by Forbes as one of America's 100 Best Small Companies.

In a bid to raise fresh capital, ailing Waccamaw Bankshares Inc. in Whiteville, N.C., is selling eight of its branches in North Carolina and three in South Carolina to rival First Bancorp in Troy, N.C.

Barclays PLC, a global financial services provider, said Tuesday that it has sold Barclays Bank LLC to investors including Igor Kim, one of Russia's bankers, adding that Barclays Capital will continue to operate in Russia through its existing broker dealer subsidiary Barclays Capital LLC.

Regions Financial Corp. swung to a third-quarter profit, helped by sharply reduced credit costs for risky loans, though the lender's top line weakened from a year earlier.

For Matt Vernon, Bank of America Corp.'s top home loan sales executive, the impetus behind its latest management shake-up boils down to a single number — 86%.

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1st United of Boca Raton struck two deals in three days that would move it into central Florida and give it 26 branches in the state.

Morgan Stanley has agreed to sell Saxon Mortgage Services Inc. to Ocwen Financial Corp. in the latest example of Wall Street's retreat from the beleaguered mortgage servicing business.

Regions Financial Corp. is offering as much as $200 million to help finance the sale of its Morgan Keegan brokerage unit, said people with knowledge of the matter.

Fred Joseph, Colorado's banking commissioner, said Community Banks of Colorado should have been able to sell its branches in a bid for more time to resolve its problems. But the FDIC and the Fed overruled him — and then failed the bank.