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TowneBank (TOWN) in Suffolk, Va., has agreed to buy Franklin Financial (FRNK) in Richmond, Va.

Wintrust Financial (WTFC) in Rosemont, Ill., reported higher quarterly earnings as income from loan growth offset lower fee revenue.

Citizens Financial Group has hired Stephen T. Gannon, a former attorney for the Securities and Exchange Commission, to be its general counsel and chief legal officer.

Federal and state authorities on Monday sought to rein in three companies accused of exploiting consumers struggling to pay off their debts.

JACKSON, Mich. — Michigan Community Credit Union will be converting to Symitar's Episys core processing system soon.

Pan Pacific Bank (PPFC) in Fremont, Calif., reported a spike in quarterly earnings after reclaiming its deferred-tax asset.

Jefferson Bankshares in Oldsmar, Fla., has raised $2.4 million.

SYLVANIA, Ohio — Inspired by millionaire Jason Buzi who has been hiding envelopes in major U.S. cities stuffed with $100 for strangers to find, one credit union is doing something similar in a few small towns that have been battered by the recession.

WASHINGTON — New policy from the Consumer Financial Protection Bureau is shedding light on how a Supreme Court decision last year ensuring rights for same-sex married couples applies to financial services regulations.

Doral Financial (DRL) in San Juan, Puerto Rico, has agreed to sell roughly $825 million of assets to Abbey Finance Holdings PR.

Independence Bancshares (IEBS) in Greenville, S.C., will need to raise more capital to fund its development of new payments platforms.

First Bancshares (FBMS) in Hattiesburg, Miss., has redeemed preferred stock BCB Holding in Mobile, Ala., issued to the Treasury Department under the Troubled Asset Relief Program.

Northwest Bank in Boise, Idaho, has agreed to buy Regal Financial Bank in Seattle.

ARLINGTON, Va. — Credit union membership growth slowed in May while lending continued to strengthen, according to NAFCU's July Economic & CU Monitor.

The Bancorp (TBBK) in Wilmington, Del., is looking to sell up to $50 million in common stock.

Two men who said they ran a payday loan brokerage in Tampa, Fla., have agreed to settle Federal Trade Commission charges that they stole hundreds of thousands of dollars from consumers' bank accounts.

Hanmi Financial (HAFC) in Los Angeles has sold two insurance businesses Chunha Holding in Garden Grove, Calif.

Jane Thompson, former president of Wal-Mart Stores' financial services unit, has joined the board of the Center for Financial Services Innovation, a research group in Chicago that focuses on low-income consumers.

The San Francisco bank posted strong growth in commercial loans in the second quarter, which may bode well for other banks that concentrate on business lending, but it wasn't enough to prevent questions about how Wells will be able to maintain its performance in the face of stepped-up competition from other lenders.

Signature Bank (SBNY) in New York has created a pair of nationwide lending offices, focusing on restaurant franchises and the commercial marine industry.