Congress has punched traditional bankers in the nose, and if we do nothing in the next 50 days, they will continue this abuse with impunity.

MISSION VIEJO, Calif. – Navy FCU will open a new branch here this morning, its 32nd in California, which will serve the 8,700 Department of Defense, military, civilian members, and their families in Orange County.

The Missouri Division of Finance closed the $282.3 million-asset Truman Bank in St. Louis on Friday. The Federal Deposit Insurance Corp. entered into an agreement with Simmons First National Bank in Pine Bluff, Ark., to buy the bank's assets and assume its $245.7 million in deposits.

First Bancshares (FBSI) in Mountain Grove, Mo., said that fewer troubled loans helped it turn a profit in the fiscal fourth quarter that ended June 30.

The FDIC is trying to help bankers prep for exams and more clearly understand the results as part of a broader effort at improving relations, Martin Gruenberg, the agency's acting Chairman, said.

Bank Marketing Strategy blogger Jim Marous, former senior director of marketing services at Harland Clarke, has been recruited to direct marketing agency New Control.

Level One Bancorp in Farmington Hills, Mich., is applying its experience working on failed banks to buy and integrate one that is merely struggling. Patrick Fehring, the company's CEO, says that experience integrating failed banks has prepared Level One to buy the struggling Oxford Bank.

The Basel III capital proposals would severely restrict already weak lending at community banks and has to be changed, panelists said at American Banker's Regulatory Symposium. But international politics and legal requirements will make them hard to change, they acknowledged.

Mary Miller, the U.S. Treasury under secretary for domestic finance, praised the Dodd-Frank Act in a speech at American Banker's Regulatory Symposium Friday.

Regulators should re-examine how they classify deposits, or more banks could be classified as troubled. That was the view of a panel on the Transaction Account Guarantee program at American Banker's Regulatory Symposium.

By prodding Freddie Mac to pursue more loan putbacks, the FHFA's inspector general has proven itself willing and able to force confrontation between the GSEs and their customers.

Tri-Valley Bank in San Ramon, Calif., has completed a private placement that it said will shore up regulatory capital and support growth.

Prosecutors overreached in suing Luther Burbank Savings, which has agreed to settle charges its single-family mortgages were discriminatory, the bank's lawyer said at American Banker's Regulatory Symposium. He's wrong, a Justice official replied.

Brian Pearce, head of mobile channels for Wells Fargo, says the bank is ushering in a "mobile unique" era.

ALEXANDRIA, Va. – NCUA said this afternoon it gave away IBM laptop computers to 14 small credit unions in order to help them file quarterly financial reports with the credit union regulator, as part of its Small CU Initiative.

Oriental Financial Group in San Juan, Puerto Rico, is looking to raise $36 million of common equity.

SunTrust is making five days' worth of imaged checks available on its new app for Apple and Android devices.

Improving the customer experience was a major theme emerging from the demos displayed during day two of FinovateFall, a two-day event showcasing financial services innovations from startups and established fintech companies.

Heritage Financial (HFWA) is buying Northwest Commercial Bank of Lakewood, Wash.

Bank of America (BAC) has agreed to compensate mortgage loan applicants who alleged the bank discriminated against some borrowers who received disability income.