Horizon Bancorp in Michigan City, Ind., has completed its purchase of American Trust and Savings Bank of Whiting, Ind., the companies said Tuesday.

The competition for failed banks in Florida is so intense that the private-equity financier Wilbur L. Ross Jr. went looking for greener pastures. He found them in Michigan.

Advanced Call Center Technologies, a Berwyn, Pa.-based collection agency, will pay more than $1.5 million to a Lewisville, Texas man after a jury found the agency harassed him with racially charged phone calls.

At the request of several members of Congress, the Federal Trade Commission is again delaying enforcement of the “Red Flags” Rule - this time through the end of the year while Congress considers legislation that would affect which entities are covered by the rule, according to an FTC statement.

Large or small, sooner or later, every business that sells on credit will have a collection issue. Selecting the right collection firm is central to overcoming that challenge and a critical long-term factor in the success of your business.

Five more banks failed Friday — including the subsidiaries of Bank of Florida Corp. — costing the government an additional $317 million.

K-Fed Bancorp in Covina, Calif., said Friday that it plans to offer additional shares of common stock to convert from a mutual holding company to a full stock company.

A Maine investment group has agreed to inject $60 million into Savings Bank of Maine in Gardiner as part of the thrift's recapitalization plan, the companies announced last week.

FAIRHAVEN, Mass. – Southern Mass. CU is building a branch in New Bedford, bringing the $175 million credit union back to where it began 88 years ago.

Five more banks failed Friday – including the subsidiaries of Bank of Florida Corp. – costing the government an additional $317 million.

Community bank M&A activity has awakened from a two-year slump with a pair of recent deals in the Southeast. Banks are reaching historically low prices, particularly in coastal markets like Florida, Georgia and California

Community bank M&A activity has awakened from a two-year slump with a pair of recent deals in the Southeast and historically low prices for banks, particularly in coastal ...

WASHINGTON — Even if lawmakers sign off as expected on a final regulatory reform bill before the July 4 recess, the battle over the legislation will just be a prologue to the longer and much more complicated fight over how the legislation will be implemented.

WASHINGTON — Even if lawmakers sign off as expected on a final regulatory reform bill before the July 4 recess, the battle over the legislation will just be a prologue to the longer and much more complicated fight over how the legislation will be implemented.

BankUnited Financial Corp. creditors, who are preparing to sue the bank holding company's former executives over the collapse of its Florida thrift, are urging a bankruptcy court to take their side in a dispute with federal banking regulators over who is entitled to the lawsuit's proceeds.

FORT WORTH, Texas – American Airlines FCU announced the opening of its newest north Texas branch in the town of Euless, not in an airport as with most of the $5 billion credit union’s other branches.

ALLENTOWN, Penn. – PPL Gold CU, which has served employees of Pennsylvania Power & Light since 1938, had a grand opening for its new branch and administration facility, the first real estate owned by the $100 million credit union.

MIDWEST

More than two months after regulators issued what ordinarily are final warnings to Bank of Florida Corp., the company's banks have received a fresh set of marching orders.

How can healthy credit unions grow and contribute to the economy without access to secondary capital?