Pacific Mercantile Bancorp (PMBC) has completed a deal that should help the Costa Mesa, Calif., company in an effort to shed troubled loans.

Bharat Masrani, 56, who currently serves as chief executive of its U.S. banking unit, will succeed Ed Clark, 67, as CEO of the parent company when Clark steps down from the post next year, Toronto-Dominion said Wednesday.

TriState Capital Holdings in Pittsburgh has filed to hold an initial public offering.

Small-business loans resulting from a government program jumped by 20% during the fourth quarter, with the Treasury estimating it has helped more than 38,000 total loans since it began nearly two years ago.

The debt collection industry is bracing for significant reform as collectors are scrutinizing their own practices ahead of the first set of examinations by the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau has joined forces with New York City Mayor Michael Bloomberg to take a local financial protection program nationwide.

Bank deal-making faces a new hurdle as a small group of attorneys challenges a large number of buyout offers. For the lawyers, even dubious challenges can result in big paydays. For potential acquirers, the added costs and hassles are another hurdle on the way to reinvigorating the still-struggling bank M&A market.

Charter Financial (CHFN) in West Point, Ga., has received shareholder approval to become a fully public firm.

Rising home prices and the ongoing quest for new revenues are prompting lenders to take a second look at a product that fell out of fashion following the housing bust.

SAN DIEGO – Navy FCU opened its first new branch of the year – and its first “green,” or LEED-certified branch – at Marine Corps Air Station Miramar.

More than 300,000 people have signed a petition calling on the Obama administration to "repudiate" Attorney General Eric Holder's remarks suggesting some banks are "too big to jail."

First Mariner Bancorp (FMAR) in Baltimore has revised downward its earnings for the fourth quarter and full year of 2012.

Accounting for utility and car expenses would help lenders make better loan decisions, encourage homebuyers to select affordable houses and support a more sustainable housing market.

BancVue in Austin, Texas, has acquired a business to expand its leasing capabilities.

State banking regulators are asking the Consumer Financial Protection Bureau to be flexible in its definition of a "rural" market when determining when a community bank is eligible to make a balloon loan.

Industry observers are hopeful that CEOs will use quarterly conference calls to outline plans to aggressively unload bad assets in coming months.

Bank of America and the National Credit Union Administration reached a $165 million accord to cover losses on purchases of residential mortgage- backed securities by credit unions that failed, the agency said.

CorTrust Bank in Mitchell, S.D., recently bought a bank near Minneapolis and plans to do more deals there. It, like a lot of community banks, is trying to expand into new markets without repeating the precrisis mistakes that doomed many of its peers.

Regions Bank said Tuesday that roughly 700 of the company's 2,000 automated teller machines now enable customers to cash checks.

Customers Bancorp (CUUU), led by Chairman and Chief Executive Jay Sidhu, has applied with the Federal Reserve Board to open an office at 99 Park Avenue in Manhattan.