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Bank of America in Charlotte, N.C., is selling 23 branches in West Coast states. The bank also plans to sell a total of $1.2 billion in deposits and $821,000 in loans to TriCo Bancshares in Chico, Calif.; Bank of Commerce Holdings in Redding, Calif.; and Cascade Bancorp in Bend, Ore.

Ally Financial in Detroit drew more deposits into its online bank last quarter, which helped improve its lending margin even as profits declined.

Rep. Paul Ryan’s election as House Speaker may ultimately prove a boon for credit unions as well as banks – here’s why.

The speculation is over and a deal has been announced. How will the regulatory process play out? What will the branch network look like? These questions are more are worth asking as New York Community takes the next few months to shore up support for this $2 billion acquisition.

KeyCorp is in advanced talks to buy First Niagara Financial, according to a person familiar with the matter.

The RushCard debacle should lead to consumer improvements, but it should not undercut the progress prepaid has made in helping consumers manage their finances.

Spencer Savings Bank and Southbridge Savings Bank in Massachusetts have agreed to merge in a combination of mutual thrifts in the Worcester, Mass., area.

MasterCard is talking to Merchant Customer Exchange executives about what role the card brand could play in the retailers' CurrentC mobile wallet, but the card brand insists it is just an interested observer in the merchant mobile wallet venture.

MB Financial in Chicago has agreed to buy an asset management firm.

Opus Bank in Irvine, Calif., has promoted Jennifer Simmons to chief operating officer and appointed her to the executive committee.