Retail & Commercial

The Federal Reserve Bank of San Francisco has terminated its regulatory action against HomeStreet in Seattle.

Enterprise Financial Services in St. Louis has extended the contract of chief executive Peter Benoist by one year.

The latest research from Equifax shows a huge jump in student-loan defaults.

Banks are moving into new territories and new lines of business in their ongoing quest for new revenues. It can be a profitable strategy, but experts say they need to be cautious about loan pricing and concentration risk.

First BanCorp (FBP) in San Juan, Puerto Rico, has enhanced and extended an offer to convert preferred shares into common stock.

Hampton Roads Bancshares (HMPR) in Virginia Beach is reducing its branch network.

Eastern Virginia Bankshares (EVBS) in Tappahannock plans to raise $50 million through a private placement and a rights offering.

CNB Financial (CCNE) in Clearfield, Pa., has agreed to acquire FC Banc (FCBZ) in Bucyrus, Ohio, for about $40 million, or $30 a share in cash and stock.

Credit lines and expanded overdraft programs are being considered as alternatives for banks that want to curb their customers' use of payday loans.

New Community Reinvestment Act guidelines will reduce paperwork burdens, open up new areas for assistance and make clear that banks falling short will hurt their overall lending test performance.