Shares of Hanmi Financial Corp. fell sharply Monday on news that the Los Angeles company is planning to raise roughly $75 million by selling shares of its common stock.

Now that its private-equity injection is almost a done deal, First BanCorp's natural next move would be to consolidate power in Puerto Rico. Unless it sells itself instead.

PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.

Wisconsin credit unions are urging Gov. Scott Walker to strike a provision from the state's budget that would allow state-chartered credit unions to more easily convert to banks.

The National Credit Union Administration is suing JPMorgan Chase and RBS Securities, claiming fraud in the sale of billions of dollars in private label, mortgage-backed securities.

New car sales are finally on a rising trend line. Despite production delays at some automakers – in some cases Tsunami-related – year-over-year sales figures are heading upward, in some cases by double digits.

PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.

NEW YORK-With mobile banking, JPMorgan Chase & Co. is making it easier for customers to avoid visiting branches. Then why is the New York banking giant opening so many new ones while other banks are closing theirs?

FALL RIVER, Mass. – Police and credit union officials are studying a tiny device they discovered on a credit union ATM last week that had a camera and battery.

AUGUSTA, Me. – Maine Education CU is working with city officials on a plan to build a credit union branch in the Capital Area Technical Center.

MANHATTAN, Kan. – Navy FCU opens its newest branch here this morning, to serve the 1st Infantry Division of the U.S. Army at Fort Riley, the oldest division in the U.S. Army, emphasizing the credit union giant’s growing expansion outside its core Navy group.

A pair of credit unions are expanding: First Citizens' Federal Credit Union in Fairhaven, Mass. and Dow Louisiana Federal Credit Union in Baton Rouge, La.

Regulators shut the $340 million-asset McIntosh State Bank in Jackson, Ga., and the $98 million-asset First Commercial Bank of Tampa Bay, bringing the failure total this year to 47.

Regulators shut the $340 million-asset McIntosh State Bank in Jackson, Ga., and the $98 million-asset First Commercial Bank of Tampa Bay, bringing the failure total this year to 47.

More banks want to outsource IT functions to the cloud, a term used to describe the use of networked remote servers. And smaller banks are moving faster than larger ones.

More banks want to outsource IT functions to the cloud, a term used to describe the use of networked remote servers. And smaller banks are moving faster than larger ones.

A deal by Washington Federal — operating under an MOU with the OTS for nearly a year — to buy branches from Beal Financial may be its greatest stoke of confidence to date.

Macatawa Bank Corp. in Holland, Mich., raised $10.2 million after completing a rights offering, bringing it very close to complying with an order to boost capital levels.

FNB United Corp. in Asheboro, N.C., said Thursday that it had entered into subscription agreements to raise $75 million in capital.

A deal by Washington Federal — operating under an MOU with the OTS for nearly a year — to buy branches from Beal Financial may be its greatest stoke of confidence to date.