The president and chief executive of First South Bancorp Inc. in Washington, N.C., is stepping down after more than three decades as its leader.

The Federal Reserve Board has ordered Southwest Florida Community Bancorp Inc. to maintain its health so that it can serve as a source of strength for its ailing bank subsidiary, First Community Bank of Southwest Florida in Fort Myers.

Cordray sides with other board members on FDIC stress test proposal, while also showing off his sense of humor.

The Zappos data breach, wherein thieves stole partial credit-card numbers from the shoe-marketing giant, may demonstrate that merchants have taken key steps to prevent the theft of full account numbers.

The bureau is holding a hearing on payday lending this week in Birmingham, Ala. — the heart of the districts served by two of its biggest critics.

Cost cuts "certainly won't be the primary driver for earnings in the future," says CFO Timothy Sloan. CEO John Stumpf says Wells Fargo is "kicking lots of tires" for potential acquisitions.

Ingenico is working with PayPal on what the companies say is a faster way to improve the point of sale than investing in contactless mobile payments.

Strong loan growth combined with a surge in wealth management assets powered First Republic Bank in San Francisco to a $90.7 million profit in the fourth quarter, up 19% from the same period in 2010.

Despite challenges finding a buyer, Citigroup still wants to get rid of its OneMain consumer lending business, CFO John Gerspach told reporters on Tuesday.

Dozens of small banks in California remain under enforcement actions, leading some industry observers to predict an impending wave of regulator-led consolidation.

Wikipedia and the White House have weighed in against SOPA. If payments processors and banks don't want to be front-line enforcers of copyrights, now's the time to lobby for changes.

Recent increases in bank stock values and the investment bank's success last year make William Hickey "guardedly optimistic," he says.

Mercantile Bank Corp. in Grand Rapids, Mich., has now made money in four straight quarters and its auditors seem convinced that it will remain profitable for the foreseeable future.

Citigroup's traditional banking businesses improved but could not offset a fourth-quarter revenue slump in investment banking, which Chief Executive Vikram Pandit has relied on to help revive the bank.

BURTON, Mich. – Five more credit unions have agreed to settle pending civil suits alleging they violated the Electronic Funds Transfer Act’s fee disclosure provisions, but at least one of the settlements is raising questions about the more than three dozen suits filed against credit unions and banks by a Michigan retiree and her boyfriend.

The key is to make sure that the homeowner is giving up something of value in return for relief of some portion of the mortgage obligation.

Daymond John, the founder of the FUBU clothing brand and a star of the ABC reality series "Shark Tank," offered bankers and payments executives some advice on picking up girls - er, customers.

Mariner Real Estate Management, a Kansas real estate investment and management firm, has acquired a 25% stake in a loan portfolio totaling about $101 million from the Federal Deposit Insurance Corp.

Riverview Bancorp in Vancouver, Wash., is projecting a loss of up to $5.6 million in the quarter that ended Dec. 30 after determining that five previously performing real estate loans are now considered to be impaired.