PHILADELPHIA – Philadelphia FCU announced the opening of a new branch in a former police station in the historic city neighborhood of Fishtown.

Berkshire Bancorp has found a "material weakness" in its internal controls tied to tax calculations and its loan-loss allowance. It has also brought on a new CEO.

PacWest Bancorp (PACW) in Los Angeles more than doubled its first-quarter profit as it reduced its loan-loss provision by $10 million.

Stubborn regulators. Delays and cancellations. Unpredictable shareholders. Those are just some of the stomach-churning obstacles that have made guts and a bit of luck key ingredients in successful bank dealmaking.

Some bankers are still in denial over how much their industry is disliked and mistrusted, even in the postcrisis, post-Occupy Wall Street era. A panel discussion with Raj Date, Eliot Spitzer and Robert Wolf highlighted how much work remains to be done.

Profit fell slightly at Huntington Bancshares on fewer gains from loan sales last quarter.

The Federal Reserve Board said Wednesday that the independent consultant overseeing payments to millions of consumers as part of its mortgage settlement had fixed problems that had caused troubled borrowers' checks to bounce.

Congress can certainly help, but regulators must recognize that they have a structural oversight problem and need to develop remedies on their own.

Bank of America's Countrywide unit agreed to pay $500 million to settle a lawsuit over billions of dollars in residential mortgage-backed securities that were downgraded to junk.

Fees and commissions provided a silver lining for BancFirst in Oklahoma City last quarter.

Raj Date, the former deputy director for the Consumer Financial Protection Bureau, has started a bank advisory firm that will focus on consumer finance issues, including assisting mergers and acquisitions through private equity partnerships.

Bank of America (BAC) reported a jump in first-quarter profit that missed some analysts' estimates as lower mortgage banking income slowed the company's turnaround. The shares dropped 3.3 percent in early New York trading.

Poorly written regulations from the Department of Housing and Urban Development are at the crux of a force-placed insurance fight between lenders and homeowners, federal judges declared at a hearing earlier this month.

Fulton Financial (FULT) in Lancaster, Pa., reported a slight increase in quarterly profit as better credit quality and higher securities gains offset revenue declines.

ING U.S., the American insurance unit of ING Groep (INGA), plans to raise as much as $1.54 billion in an initial public offering as its Dutch parent focuses on operations at home.

Jacoby Dickens, majority owner and chairman of Seaway Bancshares, died Sunday at his home in Fisher Island, Fla., Crain's Chicago Business reported.

Comerica is generating enough loan growth in its key markets that it is under no pressure to expand through acquisitions, Chairman and Chief Executive Ralph Babb says.

Richard Davis, whose U.S. Bancorp reported a quarterly revenue slowdown, says the threat of higher rates actually would stir complacent corporate borrowers to seek more credit. But when that would happen is anybody's guess.

California lawmakers are considering a bill that could potentially cripple profits for payday lenders in the nation's largest state.

While some call Bitcoin an "existential threat to the state," local governments could soon embrace the digital currency and payment system as a practical alternative to credit and debit cards.