The Federal Reserve Bank of Richmond has ordered Village Bank and Trust Financial in Midlothian, Va., to serve as a source of strength for its ailing bank subsidiary.

Persistent low rates, fierce competition and lackluster loan growth will prevent most community banks from reporting blow-out earnings growth in the second quarter. Much of the profit likely will come from purges of bad assets.

The prospect of better spreads at Oriental Financial Group trumps the hit to book value under its $500 million agreement to buy BBVA's unit in Puerto Rico.

The Government Accountability Office put new pressure on the agency to make a decision after months of foot-dragging.

Regulators are taking a hard look at payday lending practices, and that could give banks an unprecedented edge over storefront operators.

A little more than a year after saving a struggling Kansas thrift, the owners of a Chicago mortgage firm have been awarded two large grants to relocate the thrift's headquarters to the Windy City and open a large loan production office there.

In a report released Thursday, the Government Accountability Office flagged concerns about the rising use of appraisal management companies as well as the government's oversight of the appraisal industry.

RAPID CITY, S.D. — NCUA Chairman Debbie Matz told credit union executives here yesterday the agency is very close to approving a charter for a credit union that will serve the Lakota Indians, also known as the Sioux, at their Pine Ridge Reservation in Kyle.

Though loan competition remains fierce, most banks are unwilling to relax their underwriting policies until the economy heals.

Much time and energy was spent on a campaign to regulate an optional service consumers could avoid paying for. Meanwhile, mortgage securitization was going gangbusters. Priorities were perhaps misplaced.

The Treasury Department will receive roughly $204 million from its latest auctions selling off the preferred shares of seven financial institutions from the Troubled Asset Relief Program.

Doug Tuttle knows all too well what goes on at struggling banks, and that is exactly why his new boss at American Momentum says he hired the industry veteran in Tampa, Fla.

Continuing its string of Texas acquisitions, Prosperity Bancshares in Houston announced Thursday that it is buying Community National Bank in Bellaire for $26.6 million in cash and stock.

During the boom, accounting rules kept banks from building thicker buffers against losses. This left them in a weaker position when the crisis hit. It's time to fix the mistake.

Google announced revisions to its mobile wallet that make it a more palatable choice for the sale of digital goods.

Dodd-Frank-required study finds borrowers are younger and seniors are increasingly taking out bigger loans.

First Niagara Financial Group (FNFG) has sold $3.1 billion of mortgage-backed securities to reduce risk exposure and improve its capital ratios.

BancAlliance, a young cooperative for small banks, has the capital and lending team in place to make a splash in an area that hasn't had much action since the financial crisis: equipment finance.

Seven months after it was created through the merger of Nara Bancorp and Center Financial, BBCN (BBCN) Bancorp in Los Angeles has repaid the funds its two predecessor companies received from the Troubled Asset Relief Program.

Chicago is home to dozens of banks and more than 700 branches. A number of those branches closed as banks in the city failed or were sold. Here is a look at how developers have found new use for those abandoned locations.