Financial institutions need part-time help to fix a big-time problem: branch costs disproportionate to a dwindling number of customer and member visits.

After acquiring 11 branches from troubled Anchor Bank, Royal CU has seen a net increase in members (5%), deposits (4%), and loans (11%) at the new offices since they opened for CU business in June.

Illinois Attorney General Lisa Madigan filed a lawsuit last week against Omega Business Center, a Chicago-based business, claiming it bilked consumers out of an estimated $300,000 for debt relief services it never provided.

Two failures in Georgia and another in Arizona late Friday cost the Deposit Insurance Fund about $204 million.

Two failures in Georgia and another in Arizona late Friday cost the Deposit Insurance Fund about $204 million.

Considered to be a deal broker and careful listener by those who have worked with him in the past, Joseph Smith won near-universal acclaim as Obama's pick to lead the FHFA.

First Northern Community Bancorp in Dixon, Calif., said Owen Onsum will retire as president and chief executive at the end of the year.

Tri-County Financial Corp. in Waldorf, Md., said Friday that its board authorized the repurchase of up 1% of its common stock.

Cardinal Bankshares Corp. in Floyd, Va., said Friday that its third-quarter earnings nearly tripled year over year, to $829,000.

The $889.4 million-asset company said late Wednesday that it was selling about 62% of its stock still owned by its mutual holding company, or up to 8.7 million shares of common stock, at $8 a share.

The fourth quarter is often a time when banks try to tidy up their balance sheets for the coming year. As they step up efforts to sell problem loans, this quarter could be the big flush.

The fourth quarter is often a time when banks try to tidy up their balance sheets for the coming year. As they step up efforts to sell problem loans, this quarter could be the big flush.

ALEXANDRIA, Va. – Navy FCU said this morning it will open its 206th branch on Monday, its first inside the Pentagon, headquarters for the U.S. Department of Defense.

The $2.2 billion-asset Denver company said in a SEC filing that it'd be late reporting its Sept. 30 results because of issues regarding its valuation of mortgage-backed securities.

The $615.2 million-asset parent of Delaware County Bank and Trust is offering voluntary retirement packages under a plan to cut costs by $1 million.

Capital Bank rejected a higher per-share offer from another private-equity firm in favor of a $181 million bid from North American Financial for a majority stake in the company.

With consolidation picking up, an increasing number of investors are becoming activists, either by filing lawsuits over less-than-satisfactory deal terms or starting proxy fights ...

The $1.9 billion-asset company announced Thursday morning that it has one more day to satisfy the closing conditions of a recapitalization deal with its largest shareholder, David F. Bolger, and Donald Marron's Lightyear Capital LLC.

U.S. home foreclosures fell in October as banks put a freeze on auctions of homes in default to review loan documents in wake of a recent "robo-signing" controversy.

Integra Bank Corp. in Evansville, Ind. said Wednesday that its third-quarter loss widened by 70% compared with the second quarter, to $17.3 million.