Citigroup will pay Fannie Mae $968 million to compensate the taxpayer-backed mortgage buyer for more than a decade of claims tied to faulty home loans.

The president and chief executive of Sierra Vista Bank (SVBA) in Folsom, Calif., has stepped down.

Frost Bank's Dick Evans discusses his strategy, in a highly competitive lending market, for competing on price without taking on undue risk.

Continuing its string of acquisitions in its home state, Prosperity Bancshares in Houston has agreed to buy FVNB Corp. in Victoria, Texas.

First PacTrust Bancorp in Irvine, Calif., has raised $50.9 million through a common stock offering.

As other banks grapple with the issue of branching, Seacoast Banking Corp. of Florida is letting its creativity run loose. The Stuart company has opened five offices in the last three months, called "fuel cells," to focus on small businesses. The aim is to foster more collaboration between commercial clients and Seacoast employees.

GECU and the local Kinley's House Coffee & Teas are introducing a new concept-combining a credit union branch with a cafe.

Goldman Sachs, one of the owners of a newly designated “minority bank,” has a history of discriminatory behavior.

A South Dakota man pleaded guilty Wednesday to one count of mail fraud for using the mail to steal more than $106,000 from his employer, AAA Collection Co., between 2009 and 2011.

U.S. Bancorp will repay customers $3.2 million to resolve Consumer Financial Protection Bureau claims that it misled military-service members who took part in an auto lending program.

Mounting medical bills are expected to push 1.7 million U.S. households into bankruptcy this year - making health expenses the largest cause of such filings.

Big banks, including Citi and U.S. Bank, are developing a system to make mobile wallets more secure by walling off customer data from merchants and other third parties.

CHICAGO – First Northern CU will be expanding into a former Bank of America location in Evanston.

LOUISVILLE, Ky. – Class Act FCU has acquired and is renovating a former branch of Fifth Third Bank, which will be the credit union’s fifth service facility.

A consortium of Mexican investors led by former Banco Popular executive Roberto Herencia has completed its recapitalization of Metropolitan Bank Group in Chicago, Crain's Chicago Business reported.

FNB United in Asheboro, N.C., announced Friday that its planned name change to CommunityOne Bancorp will take effect Monday.

The Charlotte bank said Friday that the job cuts, which were first reported by the Charlotte Observer, came from various businesses and occurred as part of a streamlining.

Capital One's new Quicksilver card is the latest example of a company offering generous rewards in an effort to win over more affluent consumers.

Mary Lynn Lenz, who recently became CEO of Foothills Bank, was involved with the 2010 sale of Professional Business Bank in California.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.