C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.

A report on the failure of WesCorp FCU in California concludes that it had too much of its investments tied to its home state's real estate market and to Countrywide.

The Federal Trade Commission announced Friday law enforcement actions against several scams that targeted homeowners behind in their mortgage payments or facing foreclosure.

A U.S. District Court jury in Cincinnati found homebuilder Bernard J. Kurlemann guilty of conspiracy and fraud for his role in a mortgage fraud scheme aimed at deceiving lenders by agreeing to sell high-end luxury properties to "straw buyers" - individuals who buy properties in name only.

A jury ruled Thursday that BankAtlantic Bancorp Inc. misled its investors about its credit quality and must compensate them for certain losses.

CAMBRIDGE, Mass. – Harvard University Employees FCU has opened an ATM in the University’s Quad.

ALBUQUERQUE, N.M. – Navy FCU will open its newest branch here Monday outside Kirtland Air Force Base, to serve more than 20,500 active duty Airmen, National Guard and reservists, and contractors.

Hanmi Financial Corp. is free to pursue other deals after amending an oft-delayed agreement with a patient investor.

Sterling Financial Corp. in Spokane, Wash., announced plans Thursday for a 1-for-66 reverse stock split.

Community Trust Bancorp Inc. in Pikeville, Ky., completed its purchase of LaFollette National Corp. in LaFollette, Tenn., the companies announced.

After securing more capital, Jacksonville Bancorp Inc. has announced its purchase of Atlantic BancGroup Inc.

The Federal Trade Commission began mailing refund checks Wednesday to 957,928 people who were victims of false claims made by LifeLock Inc., which told consumers it could provide absolute protection from identity theft if they signed up for its identity protection service. The mailings will continue for two weeks.

The recent trend toward bank IPOs, coming three years into a de facto industry lockdown, may prove ephemeral.

The $1.5 billion-asset company said in a Tuesday filing with the SEC that it expects to raise up to $26.1 million by selling 1.5 million shares of common stock at $17 a share.

Cascade Bancorp of Bend, Ore., finally secured the capital it has been pursuing for months, with the help of a new investor -- Wilbur Ross.

Executive management will need to resolve simmering issues with performance measurement, given the persistent bank emphasis on splintered metrics centered on individual products.

With fewer borrowers delinquent on one or more accounts, U.S. consumers' credit risk level dropped in the third quarter ended Sept. 30 to a mark not seen since the first quarter of 2009, according to TransUnion's Credit Risk Index (CRI) released Wednesday.

A federal district court in Chicago shut down an international robocall ring that allegedly conned consumers out of $995 each with false promises to reduce their credit card interest rates.

A New Jersey lawyer and his Pennsylvania-based collection agencies must cancel nearly $8 million in alleged debt they tried to collect from more than 1,900 West Virginia residents, West Virginia Attorney General Darrell McGraw's office announced Tuesday.