BofI Holding (BOFI) in San Diego plans to raise $18.6 million through a private placement of preferred stock.

Stonegate Bank (SGBK) in Fort Lauderdale, Fla., beefed up its lending team even as it reported higher profits for the 27th consecutive quarter.

Vikram Pandit may have saved Citigroup, but he was never a natural fit as its long-term leader. Now the board is betting Michael Corbat, a company lifer, has the chops.

The trade group's annual gathering showcased an industry less preoccupied with stabilizing itself and adapting to new regulations — and more interested in looking toward the future.

Lakeland Bancorp (LBAI) in Oak Ridge, N.J., posted third-quarter profit of $5.5 million, up more than 14% from a year earlier as nonperforming assets and noninterest expenses declined.

PNC Financial Services Group Inc. (PNC), the seventh-largest U.S. bank by deposits, fell 4% after reporting a third-quarter profit that missed analysts' estimates.

Pacific Premier in Costa Mesa, Calif., needed more deposits to make more loans, so it took advantage of its rising share price to strike a deal for First Associations Bank in Dallas, which holds deposits for homeowners associations.

If your bank is gung-ho to issue prepaid cards, think again. Focus on how to retain checking account customers, rather than emulating Green Dot and Chase and issuing fee-based "prepaid cards" as a new (already outdated) product.

Some Oklahomans may be thankful their state crafted its own settlement with the nation's biggest banks over foreclosure practices following the housing bust.

River City Bank in Sacramento, Calif., has named a payments-technology veteran to its board of directors.

The respected former B of A executive says shareholder capitalism has gone awry, and that bank directors should be just as worried about outperforming business units as laggard ones.

Fast-growing State Bank and Trust in Macon, Ga., has purchased substantially all of the assets of Altera Payroll, a payroll services company, to diversify its revenue stream.

Banks that wait to be told what to do won’t thrive because the possibility of surprising and delighting customers with innovation is exactly zero when you wait for them to tell you what to build.

National Penn Bancshares, the $8.4 billion-asset parent company of National Penn Bank, said Tuesday it plans to move its headquarters to Allentown, Pa. from Boyertown, Pa.

Commerce Bancshares (CBSH) in Kansas City, Mo., reported that third-quarter earnings rose about 1%, to $66 million, from a year earlier as loan demand increased.

In selecting Michael Corbat as its new CEO, Citigroup is turning to a team player who's overseen the sale of a half-trillion dollars in assets since the financial crisis.

State Street Corp., the third- largest custody bank, said third-quarter profit fell 0.6 percent as revenue from foreign-exchange trading declined and low interest rates continued to depress earnings.

Citigroup chief executive Vikram Pandit resigned effective immediately on Tuesday, the third-largest bank said on Tuesday morning.

PNC Financial Services, the seventh-largest U.S. bank by deposits, said third-quarter profit climbed 11 percent as mortgage revenue helped drive an increase in non-interest income.

A report from the CFPB's ombudsman found that problems endemic to mortgage servicing are prevalent in student loan servicing as well.