Coastal Banking in Beaufort, S.C., has redeemed stock that it originally issued as part of the Troubled Asset Relief Program, after it obtained a $10 million loan.

BNC Bancorp in High Point, N.C., has agreed to buy a local rival, High Point Bank Corp., for $141.3 million.

A federal court has granted a request by the Federal Trade Commission to shut down a tech support scam that allegedly bilked consumers out of more than $17 million by pretending to represent Microsoft, Apple and other major tech companies.

Consumer credit markets continued their strong performance in Q3 with mortgage delinquency rates holding a trend of double-digit annual declines and auto loans and credit cards showing signs of strength through stable defaults and balance growth.

The Federal Housing Administration reported better than expected financial results on Monday, with the ratio of reserves to guaranteed loans soaring past its minimum threshold to reach 2.07%.

Parkway Bancorp in Harwood Heights, Ill., no longer plans to buy Park Bancorp in Chicago.

Heartland BancCorp in Gahanna, Ohio, has raised $5.4 million in a private placement.

Calvin B. Taylor Bankshares in Berlin, Md., has named professionals from the hospitality and accounting industries to its board.

WSFS Financial in Wilmington, Del., has hired Kevin Thompson as chief financial officer. He succeeds Steve Fowl, who in the first quarter became CFO of Seacoast Banking in Stuart, Fla.

BankUnited expects to receive about $393 million in proceeds from the offering. It plans to use the proceeds for general corporate purposes, including investments in and advances to its bank subsidiary.

Customer expectations for digital are a moving target, and banks and their vendors are quickly trying to figure out which products and services to add next.

WASHINGTON — The Federal Deposit Insurance Corp. reissued a document on Friday that clarifies when a deposit is considered brokered.

The $610 million-asset company named Tim Schools president and CEO of both the holding company and Highlands Union Bank, pending regulatory approval.

The Dodd-Frank Act was supposed to end the regulatory advantages that came from holding a thrift charter. But in the case of USAA, it hasn't worked that way.

Centrue Financial in Ottawa, Ill., has named a new chairman, after its longtime chairman resigned for health reasons.

The state-owned Bank of North Dakota has approved a plan to provide $300 million in loans to farmers hit by low commodity prices or crop production.

Bank Leumi's conservatism helped it stay profitable during the financial crisis. The bank, a unit of Leumi Group in Israel, is ready to get more aggressive in areas such as technology lending.

Royal Banks of Missouri in University City has agreed to buy Frontenac Bank in Earth City, Mo.

Peoples Bancorp of North Carolina in Newton has been hit with an enforcement action related to its compliance with anti-money-laundering laws.

While national mortgage fraud risk is on the decline, here's a look at six markets where loan defects are rising.