The director selection model for too many U.S. banks does not reflect the industry's risk profile realities of 2012.

Daniel Schulman at American Express and Daniel Eckert at Walmart defend their new Bluebird account against critics who argue the product should have FDIC backing.

Steven Antonakes, the chief of supervision, enforcement and fair lending at the Consumer Financial Protection Bureau, brings a track record of fairness to an agency attacked for being hostile to banking.

E-Trade Financial's (ETFC) shares plummeted Friday after the company reported a $28.6 million loss for the third quarter as its provision for loan loss rose and revenue declined.

Elavon and Banco Santander have expanded their existing relationship by agreeing to establish a payment services joint venture together in Spain.

The National Credit Union Administration has selected a former examiner to serve as the agency's next executive director, Chairman Debbie Matz announced Thursday.

First Niagara Financial Group's earnings slid during the third quarter because of a higher loan-loss provision and a securities sale.

Beneficial Mutual Bancorp (BNCL) in Philadelphia will separate the position of chairman from those of president and chief executive.

TCF Financial (TCB) in Wayzata, Minn., has delayed the release of its third-quarter results to give itself more time to review how it will implement regulatory guidance on consumer loans subject to bankruptcy discharge.

Independent Bank in Rockland, Mass., reported lower quarterly earnings after a series of "noncore" items largely dinged its bottom line.

A rein on expenses and a pickup in lending and fees propelled People's United Financial in the third quarter.

The acquisition of Rochdale Investment Management helped raise City National Corp.'s third-quarter income 44% from a year earlier to $59.8 million.

Stephen Steinour, CEO of Huntington Bancshares, played up its efforts to manage asset yields and control funding costs after investors took a dim view of its narrower net interest margin.

First Financial Bankshares (FFIN) in Abilene, Texas, said Thursday that it is consolidating all of its bank charters in an effort to cut expenses and boost profits.

Associated Banc-Corp (ASBC) in Green Bay, Wis., reported that its third-quarter income increased 32% from a year earlier, to $45 million.

Penns Woods Bancorp (PWOD) agreed to acquire Luzerne National Bank (LUZR) in Luzerne, Pa.

Buoyed by strong revenue growth in its credit card operations, Capital One Financial Corp. (COF) said Thursday that its third-quarter earnings rose 48% from the same period last year, to $1.2 billion.

Pinnacle, the flagship bank unit of the $6.7 billion-asset Pinnacle Bancorp, agreed last Thursday to buy the $183 million-asset First State Bank of Joplin in Missouri. A day later, the bank announced plans to buy the $139 million-asset Hastings State Bank in Nebraska.

Faced with anemic demand for construction and real estate loans, community banks are continuing to find that the best way to expand in the much-desired commercial-and-industrial space is to raid bigger rivals.

Kelly King, the North Carolina company's CEO, vowed to remain conservative while scouting out opportunities in multifamily and office development.