Park Sterling Corporation (PSTB) in Charlotte, N.C., said Monday it has completed its purchase of Citizens South Banking Corp. in Gastonia, N.C., for $83 million, the same day Capital Bank Financial of Coral Gables, Fla., announced the completion of its acquisition of Southern Community Financial in Winston-Salem, N.C., for $47 million.

Banks are upgrading their top executives' office space thanks to the record-low rate environment, the need for more room spurred by their rapid growth and the chance to grab the naming rights on high-profile buildings.Related Article: Suite Deals: Slow Economy Aids Banks' Office Space Projects

MetLife (MET) has another three months to tell regulators about its capital plans while it tries to sells its online bank to General Electric (GE).

The New York attorney general sued JPMorgan Chase (JPM) on Monday, charging that the Bear Stearns brokerage it bought committed fraud in the sale of hundreds of billions of dollars in mortgage-backed securities on the eve of the housing crisis.

Returns on equity. Loans. Deposits. Those are the things that make a seller attractive — not trading multiples and capital, says Prosperity Bancshares CEO David Zalman, who has struck five deals in Texas in slightly more than a year.

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Although American Express received lighter fines than the two previous credit card players targeted by the Consumer Financial Protection Bureau, many believe the CFPB's third enforcement action is its biggest statement yet.

Bank of America, as part of the national robo-signing settlement, is offering to wipe out 150,000 severely delinquent seconds liens for select customers.

Summit Bank & Trust in Broomfield, Colo., has hired R. John Rhoades as its president and chief executive.

The Securities and Exchange Commission agreed to accept the settlement and forego any appeals after a California judge effectively gutted the government's case.

Prosecutors charged three men with taking part in a $100 million fraud involving the former chief executive officer of Manhattan's Park Avenue Bank, who pleaded guilty in 2010 to lying to regulators and embezzling funds.

The battle over interchange fees moves to its next phase Tuesday when a federal judge hears complaints from merchants that the Federal Reserve's cap on the fees not go far enough.

Royal Bancshares of Pennsylvania (RBPAA) promoted three executives as the $831 million-asset company's management ranks continues to undergo changes.

The Federal Deposit Insurance Corp. has lifted a cease-and-desist order against Twin City Bank after it raised fresh capital.

The U.S. Small Business Administration has chosen Wells Fargo (WFC) as the servicing agent for its 503/504 loan program, replacing Bank of New York Mellon (BK), which had the job for the past 20 years.

Investors Bancorp (ISBC) will pay its first dividend, as the $11.5 billion-asset mutual thrift edges closer to a possible second-step conversion.

The $1 billion-asset bank unit of Heritage Oaks Bancorp (HEOP) on Monday announced it would acquire a branch in Morro Bay from Coast Bancorp (CTBP) in San Luis Obispo, Calif.

It is neither the intent nor the practice of NCUA to influence a vote on a credit union conversion. Our rules protect members' rights to make well informed decisions.

Under new international rules, mutual banks in the U.S. will need a way to issue marketable securities to raise capital. Core capital deferred shares, a U.K. innovation, offer a model.