IMGCAP(1)]

MIAMI LAKES, Fla. – JetStream FCU said yesterday it opened its newest branch last week in Carolina, Puerto Rico, near Luis Munoz Marin Airport.

IMGCAP(1)]

NBT Bancorp's agreement to buy Alliance Financial in upstate New York is an M&A rarity — a deal worth more than $200 million that involves a healthy seller. More deals like this are expected and would kick-start bank dealmaking.

The agency is cracking down on three mortgage relief firms that promise to help cash-strapped borrowers hold onto their homes while delivering little help and driving them deeper into debt.

In a video interview with American Banker, former FDIC Chairman Sheila Bair said that TAG should be extended, but phased out gradually over a two year timeframe.

Former FDIC Chairman Sheila Bair finally offers an opinion on whether to extend TAG, worrying that it's abrupt end would only help too big to fail banks and the money market mutual fund industry.

Bankers who are poised to report third-quarter earnings in coming weeks will likely face tough questions about how they will grow in an environment where net interest margins are sinking to unprecedented lows.

More than 600 credit unions have taken advantage of the regulatory change, but new data suggests that banks' fears of increased competition for business loans may be overblown.

Banks who received funding through the Small Business Lending Fund have increased small business lending by $6.7 billion, or 27.4%, over baseline levels, the Treasury Department said Tuesday.

Wells Fargo & Co. (WFC) was sued by the U.S. government over claims the bank committed fraud by making reckless mortgage loans, according to a complaint filed in Manhattan federal court.

FHFA is admirably trying to design a platform that will work under any future scenario for the mortgage market. But history shows large-scale projects can fall victim to sheer complexity.

First Citizens Bank in Raleigh, N.C., is adding a service for clients in the healthcare industry.

The nation's shadow inventory, which refers to homes that are delinquent, in foreclosure or held by lenders but not currently for sale, fell to 2.3 million units in July, the most recent month for which data is available, CoreLogic, a data firm, said Tuesday.

Levels climbed 30% from the prior month, though they remain well below precrisis norms. Meanwhile, the SBA reported near-record volume in the fiscal year that ended Sept. 30.

Swipe fees jumped at an annual rate of 40% in the second quarter among a group of institutions subject to the new debit card price caps. Interactive data on interchange revenue at 900 companies.

American Bank & Trust of Wessington Springs, S.D., has agreed to buy Mansfield State Bank.

American Founders Bancorp in Lexington, Ky., announced Monday that it plans to close one of its Lexington branches by the end of October, leaving it with three branches in its hometown.

Most customers want to spend less time on their finances, not more. They will flock where they are rewarded for transacting conveniently, rather than for counting their pennies through PFM.