Independent Bank Corp., reported second-quarter earnings of $11.1 million, a 38.5% increase over the year-ago period.

Government National Mortgage Association issuers sold $26.2 billion of mortgage-backed securities into the secondary market in June, up 3% from May, according to new government figures.

Arrow Financial Corp. reported second-quarter profit of $5.8 million, a 2.4% increase over the same period last year.

Citing improved asset quality and a widening net interest margin, Webster Financial Corp. in Waterbury, Conn., reported a $33.4 million profit in the second quarter, an increase of more than 162% from the same period in 2011.

Aiming to increase its trust assets under management, WSFS Financial Corp. in Wilmington, Del., has formed a seven-member advisory board to help it better serve existing clients and identify new ones.

Shares of Orrstown Financial Inc. fell sharply Friday after the Shippensburg, Pa., company warned that it expects to take a larger-than-expected provision for loan losses in the second quarter.

Canadian Imperial Bank of Commerce is tiptoeing back into the U.S. after losing billions of dollars in a botched stateside push a decade ago.

Tom Considine, who leads the New Jersey Department of Banking & Insurance, has aggressively lobbied federally chartered thrifts, arguing that they're closer than federal regulators, less expensive and they won't dissolve.

The U.N.'s credit union is enjoying big success with EMV compliant cards. Meanwhile, a new international card crime wave puts more pressure on U.S. banks to offer chip-and-PIN cards, which most of the world considers more secure than magnetic stripe.

Despite declining nonperforming assets, Severn Bancorp Inc. in Annapolis, Md., boosted its loan-loss reserves by $3 million in the second quarter.

It's been difficult to know if the hundreds of billions of dollars of residential loans banks have restructured over the past several quarters are really working. Soon there will be more clarity.

Bank of America Corp., the biggest U.S. lender, has made a preliminary offer to the bond insurer MBIA Inc. aimed at settling a legal dispute tied to defective mortgages, according to two people briefed on the discussions.

James Grant discusses shinplasters and the roots of today's moral hazards.

JPMorgan Chase & Co.'s second-quarter results show that revenue growth without loan growth is possible — if you are JPMorgan Chase.

Two New England thrifts have beefed up their commercial lending operations by hiring teams of bankers from recently acquired banks.

The Chicago area's transit systems have to develop a universal transit fare system commuters could use across three different schemes under legislation signed into law last week. The challenge for the agencies involved is to view one another as a single system.

Richard Berner, a counselor to Treasury Secretary Timothy Geithner, told members of a House Financial Services subcommittee that the new Office of Financial Research is "working diligently to satisfy its statutory mandates and mission."

Warren, now leading the formation of the Consumer Financial Protection Bureau, said while the new regulator reserves the right to halt marketing of financial services that are not consumer-friendly, there is no need for such a prohibition from the outset.

LIVONIA, Mich. – Co-op Services CU has selected CO-OP ATM Managed Services from CO-OP Financial Services to manage its 11 ATMs.