Retail & Commercial

Delanco Bancorp (DLNO) in Delanco, N.J., will convert from a mutual thrift to a fully public company.

The German Finance Minister has ruled that Bitcoin is a “currency unit” and a form of “private money," and that the digital currency's users should pay sales tax as well as capital gains tax, Ars Technica reported on Aug. 18.

Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on delinquent loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public today.

Independent Bank (IBCP) in Ionia, Mich., plans to raise up to $86 million through a common stock offering.

Capital One Financial Corp. (COF) has agreed to buy Beech Street Capital, a mortgage firm that specializes in government-insured and multifamily loans.

BNCCorp (BNCC) in Bismarck, N.D., named Timothy Franz its permanent chief executive less than a month after he become interim CEO.

Delmar Bancorp in Salisbury, Md., has worked out an arrangement to redeem preferred stock from an outside investor.

Donald Wilson, chairman of Community Financial Shares (CFIS) in Glen Ellyn, Ill., has been appointed the company's president and chief executive.

The Office of the Comptroller of the Currency took six enforcement actions and ended several others last month, the agency said Friday.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.