Location Root Tag

The subsidiary of Chemung Financial in Elmira, N.Y., has sold its equity securities portfolio.

Dan Rollins' ability to have a BSA-related consent order removed and get two acquisitions back on track could embolden more big community banks to pursue deals next year.

A federal bankruptcy court has approved the sale of PNA Bank in Chicago.

Fairmount Bancorp in Baltimore seems poised to face a proxy battle next year from activist investor Joseph Stilwell.

ALEXANDRIA, Va. — NCUA announced Tuesday it has approved a charter to Lutheran Federal Credit Union, making it the third new federally chartered CU of this year.

ALEXANDRIA, Va. — NCUA has filed suit against another big banking company over mortgage-backed securities.

Kearny Financial in Fairfield, N.J., has withdrawn its application for a mutual-to-stock conversion.

BofI Holding in San Diego has agreed to buy $125 million in deposit accounts from a unit of First Marblehead.

Doral Bank's San Juan headquarters was raided by agents of the Federal Bureau of Investigation as part of a search for evidence related to "several ongoing investigations," a spokesman for the agency said.

Citizens National in Paintsville, Ky., has acquired Peoples Security Bancorp in Louisa, Ky.

WASHINGTON — The Federal Housing Finance Agency said Monday it has approved the merger of the Federal Home Loan banks of Des Moines and Seattle, giving approval to the first voluntary combination in the history of the system.

First Guaranty Bancshares had hoped to raise more than $60 million but a dip in oil prices spooked potential investors even though just 3% of the bank's loans involve energy companies.

First Midwest Bancorp in Itasca, Ill., will restructure its commercial banking group after a key executive retires.

Orient Bancorp. in San Francisco has a new president and chief executive.

Huntington National Bank in Columbus, Ohio, has announced plans to support Apple Pay.

Ocwen Financial has agreed to pay $150 million to New York regulators to settle allegations that it fudged foreclosure documents and said Monday that its founder and, executive chairman, William Erbey is stepping down after 30 years with the Atlanta company.

SPOKANE, Wash. — STCU closed out the year with the news that it hit the $2 billion-asset mark in November.

Regulators on Friday closed Northern Star Bank in Mankato, Minn., the 18th institution to fail this year.

Empire Bancorp in Islandia, N.Y., has raised $20 million in a private placement.

Simmons First National in Pine Bluff, Ark., has extended the termination date for its purchases of two banks due to delays securing regulatory approval.