ROMULUS, Mich. – Public Service CU is rolling to a stop with its newest branch this morning, a branch on wheels.

On her way out as Federal Deposit Insurance Corp. chief, Sheila Bair told lawmakers that certain capital rules meant for large banks may affect small ones as well, and defended prompt corrective action in the face of an oversight report criticizing it.

First Connecticut Bancorp Inc.'s stock rose 10% Thursday in its first day trading on the Nasdaq after converting to a stock company from mutual ownership.

Glens Falls National Bank and Trust Co. in New York has promoted Thomas J. Murphy to president of the bank and senior vice president of its parent company, Arrow Financial Corp., effective July 1

WASHINGTON — TCF Financial Corp. on Thursday abandoned pursuit of a lawsuit against the Federal Reserve Board on its proposed debit interchange rule.

Deborah Wright has likely never been as happy to be a New Yorker as she is this week. Carver Bancorp, a struggling thrift company where Wright is the CEO, managed to bring in $55M in capital in a deal led by many of the city's heavyweights.

Merger-and-acquisition activity may be slow in most regions of the country, but it is picking up steam in California.

Dalhart Federal Savings & Loan Association will convert to a state-charted bank in Texas in response to the Office of Thrift Supervision's merger into the Office of the Comptroller of the Currency.

Several of the nation's largest financial services firms have teamed to recapitalize the ailing Carver Bancorp, which has been under an enforcement order since March to boost its capital ratios.

Loan Value Group LLC's Responsible Homeowner Reward program is gaining some fans on the Internet.

Wells Fargo & Co. and Bank of America Corp. have agreed to hand off some of the foreclosed properties they own in Cuyahoga County, Ohio.

After several setbacks and delays, the Uniform Collateral Data Portal is up and running.

A new study from the University of Virginia Darden School of Business and its Tayloe Murphy Center shows that by better serving underbanked consumers, banks and credit unions can effectively raise property values.

WICHITA, Kan. – Credit Union of America has agreed to buy the 24,000 square-foot west side office building from the Kansas CU League.

As regulators continue to develop rules on a Dodd-Frank requirement to force most derivatives to be centrally traded, lawmakers heard from a slew of firms on Wednesday that are jockeying for position in the marketplace.

Renasant said the deal will increase its wealth management and trust assets under management and advisement to about $1.5 billion.

West Bancorp. In West Des Moines, Iowa, said late Wednesday that it exited the Troubled Asset Relief Program. The $1.3 billion-asset company said it was able to redeem $36 million in preferred stock without having to borrow any money or issue stock.

Macatawa Bank Corp. in Holland, Mich., has closed on a $10.25 million of common equity in public offering and now should have enough capital to satisfy its regulatory order.