Serial dealmaker Jay Sidhu is at it again, agreeing to buy the New York thrift CMS Bancorp for $20.8 million. Sidhu is paying a premium, an investor in both banks says, but Sidhu denies it.

As expiration dates near for FDIC loss-sharing agreements inked in 2008, more failed bank buyers are looking to unload loans before the coverage runs out. As a result, they face growing pressure to book new loans to replace the ones they are trying to run off.

Consumers' inner rock stars and accountants are at the heart of the mobile finance startup's business plan, Movenbank CEO Brett King says.

Loan demand is soft and competition for borrowers is intense, creating tension between building portfolios and sustaining yields. Some banks have posted leaps in volume just to tread water in profitability.

The Lansing, Mich., company has turned to court to try and recapitalize itself. The move would leave all existing stakeholders with a 53% equity stake in the company. Capitol, meanwhile, is still searching for an investor to take the other 47%.

FNBNY Bancorp has hired John F. Stewart, a former president of Citibank New York, as CEO of First National Bank of New York. Stella Mendes will be the bank's president.

Customers Bancorp in Wyomissing, Pa., struck its second deal in two months with an agreement to buy CMS Bancorp in White Plains, N.Y. Customers, led by Jay Sidhu, would expand its presence in Westchester County.

Julius Baer Group Ltd. (BAER), the Swiss money manager established in 1890, is nearing an agreement to acquire Bank of America Corp. (BAC)'s Merrill Lynch wealth management businesses outside the U.S., according to two people with knowledge of the matter.

Show consumers mobile channels are useful, accessible, secure, familiar and easy to use.

PENSACOLA, Fla. -- Navy FCU closed yesterday on its $3.6 million purchase of 240 acres adjacent to its 65-acre call center, clearing the way to add 700 new jobs and invest $6.5 million into the huge operation over the next several years.

The Consumer Financial Protection Bureau issued a proposal Friday that would require mortgage servicers to provide clear monthly statements, earlier disclosures for interest rate adjustments and options to help borrowers avoid foreclosures and costly force-placed insurance.

PITTSFIELD, Mass. – Greylock FCU, the biggest credit union in the Berkshires, has signed a long-term lease for 18,000 square feet in the ToyWorks building, former factory for KB Toys.

The much-talked-about mobile financial services start-up Movenbank has finished its initial round of fundraising.

Anchor BanCorp Wisconsin (ABCW) in Madison narrowed its quarterly loss as its credit trends continued to improve.

Stories about buyout groups dissolving and heavy-handed regulation make private equity sound like the dog that never barked in banking. But such firms have notched hundreds of deals since the crisis, and the rollup machines they've created are poised to keep going.

Consumer advocates and financial services industry officials clashed Thursday over whether banks and insurers are getting paid fairly in the force-placed insurance market.

American Express will put its reloadable prepaid card on Walgreen Co. shelves by the end of the week.

Capital One said it's "reasonably possible" that losses to buy back soured mortgages may exceed reserves by $1.7 billion, a 13% increase over the first-quarter estimate of $1.5 billion.

The Federal Reserve Board has terminated a written agreement with Coastal Financial that required the Everett, Wash., company to improve asset quality and risk management.

The agency used a cross-guaranty liability agreement to receive 85% of the proceeds from a Kansas Bank's sale to Arvest Bank in Arkansas. The deal is notable to companies with multiple banks, particularly those that are undercapitalized.