Bank of Virginia (BOVA) in Midlothian has extended its rights offering deadline because of the aftermath of Hurricane Sandy.

More than half of community bankers think they’ll be involved in a deal within the next two years, either as a buyer or a seller, according to a survey by KPMG.

The $1.3 billion-asset parent company of Orrstown Bank, which regulators ordered in March to strengthen its credit risk management practices, said Monday that Robert Coradi will oversee the company’s credit management functions.

Stifel Financial (SF) in St. Louis has agreed to buy KBW (KBW) for more than $575 million in cash and stock.

The storm left many without electricity, phones and use of the roads. But in many of the affected areas, consumers and merchants continued to conduct business and found a way to handle payments.

Investors are suing the former Tennessee Commerce Bank, which failed in January after becoming critically undercapitalized, for violating federal securities laws, a law firm that filed the lawsuit said Friday.

Only a strong QM rule can prevent a repeat of the past and protect consumers from the type of risky and irresponsible lending that preceded the foreclosure crisis.

The popular mobile-phone game Angry Birds is once again helping a new payments product take flight, with the introduction of a Visa prepaid card with designs based on the game's theme.

MANCHESTER, N.H. – St. Mary’s Bank won a contract to install two ATMs in Manchester-Boston Regional Airport, an hour north of Boston.

Regulators closed the $225 million-asset Heritage Bank of Florida in Lutz, and the $924 million-asset Citizens First National Bank in Princeton, Ill. The two failures were estimated to cost the FDIC a combined $111 million.

Camco Financial (CAFI) in Cambridge, Ohio, has processed the rights subscriptions for roughly $9.4 million of its common stock.

International Bancshares in Laredo, Texas, has redeemed another chunk of the money it received from the Troubled Asset Relief Program.

The California Department of Financial Institutions has lifted a memorandum of understanding against Hanmi Bank after the Los Angeles institution's condition improved.

An increase in mortgage refinancing helped Ally Financial swing to a profit in the third quarter.

Commerce Bancshares (CBSH) in Kansas City, Mo., will issue a special dividend ahead of a potential increase in dividend tax rates.

MasterCard (MA) and American Express (AXP) are the latest financial companies to make charitable donations in the wake of the storm that has devastated the tri-state area.

A changing asset mix boosted third-quarter results at Sterling Bancorp (STL) in New York. The $2.5 billion-asset company's rose 23% from a year earlier, to $5.3 million.

Under the OCC, a complex foreclosure review process is funneling hundreds of millions of dollars to administrators and advertisements. Critics charge that banks and homeowners would be far better served by a simpler program.

With financial institutions keeping interest rates lower and fees higher on new commercial hybrid accounts, institutions are, in fact, discouraging commercial clients from switching to their new products.

Fears about spikes in tax rates could lead a number of capital-heavy bank to consider one-time plans to return capital to shareholders.