Location Root Tag

Northern Trust Corp. announced that it has promoted Patrick Everett to Dallas regional president.

As the new president and chief executive of Flagstar Bancorp Inc., Joseph P. Campanelli has a lot of work to do, but he has been in challenging situations before.

But First Busey raised $122 million last week, becoming the latest example of a struggling company to find investors in the thawing capital markets.

A 30-year industry veteran wants to make Envoy Mortgage, the small but growing Houston nonbank originator he bought into 18 months ago, into a "middle tier" lender — one that ranks between 10th and 50th nationwide.

When Larry Brown, the chief executive at Bank of Little Rock, first heard the name Kasasa, he thought the conversation had turned from rewards checking to what's for dinner.

The Federal Reserve Board has ordered Bankers' Bancorp Inc. in Springfield, Ill., and its subsidiary Independent Bankers' Bank, to improve accounting practices.

KleinBank's new CEO already has a deal to buy a struggling one-branch competitor, and industry observers say more companies could start eyeing similar small deals.

The financial technology company Fiserv Inc. announced Monday that it has agreed to sell its Loan Fulfillment Solutions unit to ISGN Corp. of Bensalem, Pa.

PVF Capital Corp. in Solon, Ohio, cited a steep increase in its loan-loss provision in reporting that the net loss for its fiscal fourth quarter widened 192% from the year earlier, to $7.9 million.

The president and chief executive officer of Royal Asian Bank in Philadelphia is leading a group of investors that struck a deal to buy it.

Regulators closed the $2 billion-asset Georgian Bank in Atlanta on Friday, the industry's 95th failure of the year. Despite its relatively small size, regulators estimated it would take a heavy toll on the Deposit Insurance Fund, costing $892 million.

The prepaid card marketer FSV Payment Systems Inc. is offering people savings accounts tied to its cards.

When it bought the failed bank and thrift units of Irwin Financial Corp. from the Federal Deposit Insurance Corp. last week, First Financial managed to get terms so attractive that others are taking notice.

A small Florida bank raised $70 million through an initial public offering Wednesday, in what is believed to be the first such deal in the banking sector in two years.

With as much as $196.6 million headed to its war chest, Old National Bancorp in Evansville, Ind., could be striking deals for failed banks soon.

With its stock trading under a dollar since June 23, Midwest Banc Holdings Inc. is in danger of being delisted.

Bank of America Corp. is progressing down the road to recovery, but its biggest obstacles still lie ahead.

CIB Marine in Pewaukee, Wis., is on track to turn more than $110 million of life-threatening debt into an abundance of capital and another shot at selling itself.

Bank of America Corp. has become the top provider of mobile banking services, according to data compiled by the market research company ComScore Inc.

The $1.8 billion-asset company said in a Securities and Exchange Commission filing Monday that it has 60 days to submit a plan for maintaining sufficient capital, under a written agreement it signed Sept. 15 with the Federal Reserve Bank of San Francisco.