GRAND RAPIDS, Mich. -- Lake Michigan CU plans to open a “second corporate office” in the current Rockford Construction Co. headquarters in nearby Cascade Township.

The Office of the Comptroller of the Currency closed Security Bank in North Lauderdale, Fla., on Friday, bringing the total number of failures so far in 2012 to 23.

Cardinal Bankshares, a Floyd, Va., company also alleges in a lawsuit that Henry Logue attempted to sell the company without the board's permission.

A mock news story this past week from the satirical paper The Onion imagines a new talking credit-card product that encourages consumer purchases with the power of the human voice.

Suffolk Bancorp (SUBK) swung to a profit in the first quarter as the Riverhead, N.Y., company continued to shed the problem assets that dogged it for much of 2011.

Investors in Sterling Bancorp in New York voted against the compensation package of CEO Louis Cappelli and other executives. In contrast, shareholders supported pay at Sandy Spring Bancorp and Orrstown Financial earlier this week.

Few so-called good bank/bad bank deals have been completed, with regulators or investors serving as key impediments. Bar Harbor Bankshares hopes to become the second acquirer in the past two months to complete such an acquisition.

Hope Hardison, Wells Fargo's director of human resources, reveals the thinking behind the bank's executive pay policies and explains why CEO John Stumpf deserved a raise this year.

The Federal Housing Administration is "by no means out of the woods," former commissioner and current Mortgage Bankers Association CEO David Stevens says.

The Consumer Financial Protection Bureau sees non-bank services as most in need of new regulation, Director Richard Cordray says. In a speech and subsequent interview, he discusses the progress of CFPB enforcement actions and the weakness of data on consumer finance practices.

Ailing Liberty Bank in West Des Moines, Iowa, is selling three more of its branches in its home state as part of an ongoing quest to trim overhead and bolster its capital levels.

Jay Sidhu has stepped down as the chairman of Atlantic Coast Financial because he believes the Jacksonville, Fla., company was failing to “mitigate or significantly reduce risks facing the bank.”

Coming off a strong first quarter in which its profits more than tripled from the same period last year, Western Alliance Bancorp (WAL) in Phoenix may be looking to build up its war chest to keep the momentum going.

A Chicago banker dodges blame for the Cubs' woes, a Florida bank finds a creative way to drive deposit growth, and executives at several companies jumped ship to competitors.

The former Tarp pay master urges banks to head off anger over executive compensation by voluntarily complying with pay standards laid out by regulators.

PENSACOLA, Fla. -- The Escambia County Commission approved the sale of the 240-acre Langley Bell 4-H Center to Navy FCU yesterday for $3.6 million, clearing the way for expansion of the credit union giant’s vast call center, the biggest credit union facility in the nation.

In 2004, I had the unique distinction of being perhaps the only person in history to have the U.S. Senate place a bounty on his head. I didn't rob a train. My crime was leading a federal investigation into misconduct at Fannie Mae.

Five months after terminating its planned merger with one suburban Washington, D.C., bank, Alliance Bancshares in Chantilly, Va., has struck a deal to team up with another.

The prepaid card marketer NetSpend Holdings reported higher revenue in the first quarter, but it reported a loss due to expenses from litigation.

Floyd Stoner, the former chief lobbyist for the American Bankers Association, has joined the board of $1.4 billion-asset Orrstown Financial Services in Penn.