A team assembled by ex-regulator Raj Date is preparing to launch a plastic card for Americans who don't qualify for mainstream credit. It is thought to be the first entrant into the subprime card market in several years.

Anchor Bancorp (ANCB) in Lacey, Wash., is facing pressure from an activist investor to sell itself.

Community banks reported increased lending in the fourth quarter. Experts believe loans could continue to grow this year, but at a marginal rate.

Westfield Bank in Massachusetts plans to offer its customers wealth management and insurance services through a new partnership with Charter Oak Insurance and Financial Services.

The Treasury Department expects to receive $20.6 million in proceeds from its latest auction of Troubled Asset Relief Program shares.

M&T Bank (MTB) in Buffalo, N.Y., reportedly plans to close at least 10 branches in its home state.

Debt buyer Portfolio Recovery Associates Inc., based in Norfolk, Va. and operating in the U.S. and U.K., announced Tuesday the acquisition of certain operating assets from Pamplona Capital Management LLP.

Simmons First (SFNC) in Pine Bluff, Ark., is reportedly in talks to buy Delta Trust & Banking in Little Rock, Ark.

In an increasingly commoditized industry, our people can be one of the few true differentiators left. But the model that has them forever sitting in buildings that fewer and fewer people utilize makes less strategic sense each year.

The Federal Deposit Insurance Corp. took action against eight companies and lifted orders against eleven banks in December, according to its latest monthly roundup of enforcement actions.

Central Valley Community Bancorp (CVCY) in Fresno, Calif., has named James Ford president of its bank.

The Senate is poised to vote on a massive, five-year farm bill this week that includes several provisions important for community bankers and agricultural lenders.

There were a lot of deals last month involving larger community banks, and prices rose nearly 60% from a year earlier. The results will only feed more of those kinds of transactions.

In a speech Monday, Shaun Donovan said a housing trust fund must be part of housing finance reform legislation, including at least $5 billion a year to preserve and increase the supply of rentals for low-income families.

TGR Financial (TGR) in Naples, Fla., has added a former bank leader to its board.

Access National (ANCX) in Reston, Va., has named a veteran banker to joins its board.

A little-noticed charge taken by Regions Financial (RF) in the fourth quarter may portend that other banks will take similar losses on such modified loans, known as troubled debt restructurings.

ATM and branch locator apps can serve a valuable purpose for consumers seeking cash in unfamiliar territory, but there are many hurdles to keeping their data current and the machines properly branded.

Maria Contreras-Sweet, selected to succeed Karen Mills at the Small Business Administration, has a background in lending to Hispanic groups and women. But bankers hope she'll focus on shifting the SBA to more online loans.