The Bancorp Inc. has begun issuing a cobranded PayPal debit MasterCard, the financial institution announced March 12.

Fox Chase Bancorp Inc. in Hatboro, Pa., said the planned sale of a pool of problem consumer loans has fallen through and that, as a result, its total nonperforming assets were higher in the fourth quarter than it initially reported.

The Credit Union National Association launched a radio campaign to help save House Financial Services Chairman Spencer Bachus, who is being challenged by a Tea Party-backed candidate in Tuesday's Republican primary.

First South Bancorp Inc. in Washington, N.C., has tapped the chief financial officer at another North Carolina bank to be its next president and chief executive.

A Maryland real estate investment trust that invests in mortgage-backed securities is planning to raise up to $1.8 billion in a stock sale.

The U.S. government and 49 states filed a $25 billion settlement of alleged foreclosure abuses in federal court on Monday, capping a year of negotiations with five major banks after public outrage erupted in fall 2010 over revelations that banks cut corners when processing foreclosures.

U.S. Bancorp has created a separate in-house appraisal unit overseen by a senior risk officer, breaking from the way most banks handle appraisals of residential properties.

Bancorp Bank of Wilmington, Del., said Monday that it has agreed to issue prepaid card programs for Swift Prepaid Solutions.

UnionBanCal is taking the unusual step of marking up the value of Pacific Capital's loan portfolio as part of its $1.5 billion deal for the Santa Barbara, Calif., lender.

Madison National Bancorp Inc. said on Monday that Daniel L. Murphy, the co-chairman and chief executive of the Melville, N.Y., company, has died.

Union Bank of California is buying bank holding company Pacific Capital, in one of the largest bank deals in years.

Large financial institutions dominate most of the nation's biggest cities. There are still some metropolitan areas where a community bank has the most deposits, often by wide margins. Here are some notable examples, based on June 30 data from the Federal Deposit Insurance Corp.

In what would be its largest acquisition in more 15 years, UnionBanCal Corp. in San Francisco is buying Pacific Capital Corp. in Santa Barbara, Calif., for about $1.5 billion in cash.

MADISON, Wis. – University of Wisconsin CU is working with the city to get approval on a new branch at a building formerly used to house a Brennan’s Market.

Longtime community bank investor Eric Hovde has traded Washington D.C. for Wisconsin in the hopes of taking up residence in the nation's capitol.

For a second time in three weeks, regulators have shuttered a bank that others were unwilling to acquire.

WASHINGTON — The Office of the Comptroller of the Currency has approved Capital One Financial Corp.'s acquisition of HSBC Bank USA's credit card portfolio.

PNC Financial Services Group Inc. intends to open as many 60 branches and will substantially increase its sales force this year as it looks to strengthen its presence in the Southeast and take advantage of market disruption to add new clients throughout its 15-state footprint.

Freddie Mac reported a 16% increase in short sales last year and wants to boost the use of this foreclosure alternative by increasing the fees it pays participating servicers.

Mortgage companies cut 3,200 full-time employees from their payrolls in January, according to government figures released Friday morning.