Encore Capital Group, and its wholly owned subsidiaries, Midland Credit Management Inc. and Midland Funding LLC, disagree with the allegations made in the complaint filed by the Texas Attorney General.

The first three failures of the quarter — two in Colorado, one in Illinois — late Friday cost the Deposit Insurance Fund an estimated $590 million and brought the year's toll to 51.

A Florida holding company formed three years ago to buy troubled banks has struck its third deal in the Tampa Bay area.

Two of Massachusetts' oldest thrifts, Salem Five Bank and Stoneham Savings Bank, are teaming up to create a $3.1 billion-asset company that would have nearly 30 branches in the suburbs north of Boston.

Directors at Nara Bancorp Inc. and Center Financial Corp. will have a few more months to deliberate over the planned merger of the two companies.

Wells Fargo & Co. announced Thursday that its insurance arm has acquired EDIFY LLC, an employee benefits consulting firm based in Fort Lauderdale, Fla.

First Community Corp. in Lexington, S.C., on Wednesday agreed to buy the assets of Palmetto South Mortgage Corp. of Columbia, S.C. The $607.3 million-asset company said it expects to complete the deal on July 31.

American National Bankshares Inc. completed its 34.7M acquisition of MidCarolina Financial Corp. Seperately, Wintrust Financial said it completed its purchase of Great Lakes Advisors Inc.

With M&I under its belt, Downe envisions the Canadian company buying more Midwestern banks, broadening its wealth management business and attracting more U.S. investors.

IMGCAP(1)]

Citigroup Inc. and JPMorgan Chase & Co. will provide debt finance to a $1.97 billion buyout of the medical technology company Immucor by TPG Capital.

Bank of Montreal repaid more than $1.7 billion of bailout aid owed by Marshall & Ilsley when it completed its acquisition of the Milwaukee bank Tuesday.

Sandler O'Neill investment banker Emmett J. Daly shares his outlook on bank mergers in an interview with American Banker.

The Japanese-based parent of Union Bank in San Francisco has restructured its U.S. operations in order to improve its efficiency and help it better identify expansion opportunities here.

The Bank of Kentucky Corp. in Crestview Hills announced Friday a deal to acquire the operations of United Kentucky Bank of Pendleton County Inc.

Encore Capital Group Inc., a San Diego-based debt buyer, has been selected as one of “India’s Best Companies to Work For” by the Great Place to Work Institute, in partnership with The Economic Times.

In support of its claim that foreign governments are not subject to the Bank Holding Company Act, the Fed has only a speech given decades ago by a former Fed Governor, John LaWare, and more recent testimony to Congress by the Board's current general counsel, Scott Alvarez.

United Recovery Systems LP, a Houston-based accounts receivable management firm, has been awarded certified membership in the Commercial Collection Agency Association (CCAA) by the Commercial Law League of America (CLLA).

Leeds, UK-based Lowell Group, a large UK debt purchasing specialist, has been acquired by private equity firm TDR Capital and senior management for an undisclosed sum from Exponent Private Equity.

Prices for charged-off credit card debt remain stubbornly high, continuing a trend that began in 2010 as tighter credit standards imposed by lenders began to shrink the available supply.