The Treasury Department said Thursday it plans to auction off pools of the preferred stock it owns in small banks through the Troubled Asset Relief Program.

Coastal Banking Company in Beaufort, S.C., has become the latest community bank to take advantage of a new law that relieves small banks from the burden of filing financial reports with the Securities and Exchange Commission.

A day after top bankers met with Federal Reserve officials, JPMorgan Chase CEO Jamie Dimon blamed policymakers for stalling banking's recovery by "shooting ourselves in the foot."

EverBank had to lower its expectations to raise capital, solidifying a belief that banks will find it difficult going to public markets anytime soon.

Ellie Mae nearly doubled its revenue in the first quarter of 2012, turning net income of $3.6 million, compared to a net loss of $800,000 in the year-over-year quarter.

A "major portion" of small commercial-property deals in the U.S. have fallen through because of stricter lending standards, according to a National Association of Realtors survey.

Industry groups are calling on CFPB to lower the thresholds it will use to designate which firms will be included in its nonbank supervision program.

The Justice Department's antitrust division is probing Visa's new pricing system, signaling that regulators are still paying very close attention to how Visa and MasterCard set the fees for accepting and processing debit cards.

CenterState Banks (CSFL) in Davenport, Fla., is planning to merge its two subsidiary banks into a single bank as part of its ongoing effort to trim overhead and improve efficiency following its recent string of acquisitions.

Anthony Renzi weighed a position with private equity investor Wilbur Ross’ fast-growing mortgage empire before opting this week to leave Freddie Mac for a senior mortgage job with Citigroup.

C1 Bank in Tampa will give a Mercedes to customers who buy a $1 million, five-year CD.

The golf tournament has endured a tumultuous decade since Wachovia created the event to put itself on the national stage. Controversial deal negotiations have occurred there, it drew criticism from bank-bailout critics, and its name changed twice after Wells acquired Wachovia.

Continuing its aggressive expansion throughout the Southeast, Renasant Bank in Tupelo, Miss., is opening its first office in east Tennessee.

George Ramirez, the new chief diversity officer at San Francisco's Union Bank, didn't get the memo that people are purely expense items for banks.

Northeast Bancorp (NBN) of Lewiston, Maine, is looking to raise additional capital so it could continue to expand its loan portfolio.

The much-derided Durbin Amendment capping debit interchange fees lifted the number two card payment network in the first quarter. At Visa, Durbin was a drag that the industry leader successfully overcame.

EverBank Financial in Jacksonville, Fla., reduced the size of its public offering again on Thursday, just hours before its shares began trading.

Freddie Mac posted a profit of $577 million in the first quarter, $676 million a year earlier, and will request another helping of government aid to help sustain its operations.

Customers Bancorp, led by Jay Sidhu, is set to go public. The one-time Sovereign Bank chief and others say he has learned from the past about how to balance internal growth and acquisitions.

In this revenue compressed environment, I hear a lot about initiatives to change bank culture from service to sales to drive badly needed cross-sell revenues.