The acting chairman of the Federal Deposit Insurance Corp. said it is "difficult at this time to anticipate the consequences" of the possible expiration of the Transaction Account Guarantee program at the end of the year because of the uncertain economic climate.

Georgia regulators have ordered an Atlanta-area business to stop calling itself a credit union.

RBC Capital Markets recently added two bankers to its financial institutions practice.

American Banker's Robert Barba on how Kansas has become fertile territory for bank deals and why more are in the works.

Henry Michaels and Jerry Wiant of RBC Capital Markets give their outlook for deals and pricing, discuss why taking stock can still be a good thing for sellers and advise bank buyers to manage investor expectations.

Preferred Bank (PFBC) in Los Angeles is set to post its first loss since the fourth quarter of 2010 following unexpected write-downs on two loans.

Frederick County Bancorp in Frederick, Md., said Friday that its second-quarter earnings rose nearly 140% from the same period last year, to $448,000, due to improved credit quality and sharply lower deposit costs.

Three California local governments may use their eminent domain powers to seize mortgages and restructure them to help distressed borrowers stay in their homes — much to the dismay of investors who hold the mortgages.

Wayne Savings Bancshares (WAYN) in Wooster, Ohio, is exiting the trust business and transferring its $40 million of trust assets to Thomasville Bancshares in Georgia.

Visa Inc. (V) and MasterCard Inc. (MA), the biggest payment networks, are prepared to settle a seven-year lawsuit brought by retailers to cut their credit-card costs later this month, three people briefed on the talks said.

The biggest U.S. mortgage lenders, whose first-quarter earnings were buoyed by gains on home loan refinancings, are raking in more profits as record-low interest rates and government efforts prolong the boom.

Small Sacrifices app encourages customers to channel coffee and cigarette buying habits into savings goals.

Seacoast Commerce Bank (SCCB) said Thursday that it opened a second branch in the San Diego area and relocated its headquarters to that new branch.

Bank of America and Citigroup will be joining some of their largest competitors in offering customers simpler checking account disclosures, the banks confirmed Thursday.

Silicon Valley Bank in Santa Clara, Calif., has opened a new back office facility in Tempe, Ariz., that it says will eventually house nearly 500 employees.

There are legitimate reasons to want to wind down Fannie Mae and Freddie Mac. Unfortunately, we haven't stopped talking about the specious ones.

Montgomery County, Maryland, has picked five community banks to receive $10 million in county deposits. But the banks must make twice that amount in commercial loans to local businesses.

Jerome Byers, Citigroup's new head of small business banking, discusses priorities for the unit and his own past as a small-business owner.

The Federal Reserve Board terminated written agreements with bank companies in Minnesota and Oregon and entered into a new one with a Maryland company.

The biggest U.S. mortgage lenders — such as Wells Fargo and JPMorgan Chase, whose first-quarter earnings were buoyed by gains on home-loan refinancings — are raking in more profits as record-low interest rates and government efforts prolong the boom.