First Bancshares of Kansas City, Kan., agreed to sell a controlling stake to an investment group led by David Spehar, the former chief executive of another Kansas City community bank.

Mortgage delinquencies on multifamily homes continued to rise in April, while single-family home delinquencies were flat, according a monthly report from Freddie Mac (FMCC).

Broadway Financial of Los Angeles said it had received a warning letter about its failure to meet listing requirements. It has not yet filed its first-quarter results with the Securities and Exchange Commission.

The Renton, Wash., company has yet to announce the results of Thursday's vote, but an activist investor believes his group has won and warns that First Financial could challenge the outcome. Stilwell is attempting to oust Victor Karpiak, the company's chairman and CEO.

Los Angeles firm Litigation Compliance Law Center shows how attorneys and mortgage brokers are working to get around the sprit, if not the intent, of regulations designed to protect troubled homeowners.

KENNEWICK, Wash. – Motorists entering this southeastern Washington city were greeted yesterday by a giant LED display that now wraps around two sides of the iconic “flashcube” building which was renovated recently by HAPO Community CU to house its headquarters and branch.

A founding director of Santa Clara Valley Bank has been elected as chairman. Scott K. Rushing replaces Ralph Rueda De Leon, who has served as chairman for the last three years. Additionally Elias F. Valdes was elected as vice chairman.

The market-making arm of Citigroup Inc. suffered losses of about $20 million on trades made during last Friday's glitch-plagued listing of Facebook Inc. on the Nasdaq Stock Market, according to persons familiar with the matter.

Bank dealmaking is no place for vanity, MidSouth CEO Rusty Cloutier says. Sellers need to get real about their prospects, and buyers and sellers need to look beyond face value and short-term valuations, he says in a Q&A.

The Office of the Comptroller of the Currency has lifted an agreement against Stillwater National Bank and Trust in Payne, Okla.

First Republic Bank in San Francisco is planning to raise $150 million through a preferred stock offering.

The Consumer Financial Protection Bureau is the first financial regulator that must meet face-to-face with small business to consider ways to minimize a rule's impact.

Problem loans continue to haunt Riverview Bancorp (RVSB). The Vancouver, Wash., company on Friday restated its results from last quarter and increased its loan-loss provision for the third time in recent months.

The veteran football player will join the Lafayette, La., company's advisory board. Delhomme started his pro career with the New Orleans Saints.

PNC Financial Services is changing its formula for calculating some bonus rewards points, in the latest example of a bank scaling back on perks for card customers.

Lehman Brothers Holdings Inc. confirmed its will buy the 26.5% stake in Archstone it doesn't already own for $1.58 billion, ending a high-stakes battle over the control of the apartment giant.

A Los Angeles law firm offers to pay brokers for convincing homeowners to pay $5,000 "referral" fees and sue banks. Critics raise legal and regulatory questions.

WASHINGTON — The Commodity Futures Trading Commission will hold a daylong public roundtable on the Volcker Rule on Thursday, May 31, the agency announced.

Two small Pennsylvania banks — First Priority Financial of Malvern and Affinity Bancorp of Wyomissing — have announced a deal that would create a 10-branch bank outside Philadelphia.

Writeoffs for bad loans, excluding mortgages, have dropped almost to pre-recession levels, according to a report from Equifax.