Retail & Commercial

Annapolis Bancorp (ANNB) in Maryland has repaid its Troubled Asset Relief Program funds in preparation for its sale to F.N.B. Corp (FNB).

BankUnited looked like a seller last year, but a secondary offering of nearly 20 million shares will let PE profit and should arm BankUnited with a more valuable currency for buying banks.

The U.S. District Court for the District of Columbia has sided with regulators in the decision to shutter United Western in 2011.

Regions Financial CFO David Turner is upbeat about lending prospects. But BB&T and U.S. Bancorp see signs of slower loan growth in the first quarter.

The Home Affordable Refinancing Program should not be judged by the total number of completed refis. The true measure of success of any mortgage relief program should be the percentage of high-risk borrowers who ultimately benefit.

The Memphis, Tenn., company has been quietly hiring business lenders in key cities in North Carolina and Virginia and would consider selective acquisitions, CEO Bryan Jordan says.

Banks are preparing their bids for City National Bank of Florida and are expected to make offers in the next few days, according to a published report.

With banks suffering a squeeze on consumer banking profits, the question for institutions large and small is whether emerging mobile and other services can ever make up for declining revenues elsewhere.

PNC Financial Services (PNC) plans to close 200 branches this year, or 6.5% of its domestic network, as part of a broad push to cut costs.