First BanCorp in San Juan, P.R., is attempting to improve its capital position by converting preferred shares into common stock.

Severn Bancorp (SVBI) in Maryland will restate earnings for the past three years to reflect a change in how it accounts for premiums on deposit insurance.

Wells Fargo (WFC) is broadening U.K. commercial property lending as European banks are forced to retreat.

A Florida couple has filed a lawsuit against Fifth Third Bancorp (FITB) over its “Early Access” deposit-advance program.

PNC Financial Services Group will promote William Demchak to be its next chief executive, awarding him a long-expected inheritance from current CEO James Rohr.

Educational lenders, led by Sallie Mae, are feeling a bit of a tailwind from the economy. But the industry remains on fragile footing.

Ally Financial is the first company to fulfill its requirements under the $25 billion national mortgage settlement, its top monitor said Thursday.

Banks will finally start to sell more distressed loans this year, and buyers will have to be careful not to overbid, PennyMac CEO Stanford Kurland says.

The Federal Reserve Bank of Cleveland has terminated an enforcement action against Rurban Financial (RBNF) in Defiance, Ohio, tied to its information-technology unit.

Changes to product offerings and pricing give the impression that the new bank does not have the customers' best interests at heart. Feeling undervalued is a key emotional reason they defect.

First Keystone (FKYS) in Berwick, Pa., has amended its bylaws to allow its board to select a vice chairman.

As part of a report on "high risk" areas in government, the Government Accountability Office expanded the scope of its review of regulatory issues to include the Federal Housing Administration.

A number of regional and community banks — including PNC, Fifth Third and Huntington — are working with the Michigan Economic Development Corp. to provide $30 million in funding to small businesses.

Regions Financial (RF) is taking steps to spur economic development in its home state of Alabama.

Flagstar Bancorp (FBC) in Troy, Mich., has agreed to sell DocVelocity, its document-imaging business, to mortgage tech company Capsilon.

Congress is afraid to tackle this complicated and contentious issue, but the market badly needs positive signals from our lawmakers that provide certainty about the future of housing finance.

M&T Bank (MTB) is offering customers the ability to tailor their checking accounts with a series of add-ons.

Big banks are ceding more of the consumer market to small banks, says John Romano, the new No. 2 executive at Amalgamated Bank in New York.

BOISE, Idaho – A Las Vegas man was indicted by a federal grand jury yesterday on charges of stealing three ATMs holding more than $56,000 from local college campuses, including two owned by Idaho State University FCU.

Wells Fargo's mortgage unit is terminating a joint venture with investment firm Edward Jones and closing an office in the Minneapolis area.