Retail & Commercial

Ambassador, a broker-dealer and deal advisor, announced Thursday that it would acquire the operations of Capital Insight Partners. Jacob Eisen and Tad Gage, the co-founders of Capital Insight, are set to become managing directors of Ambassador.

Capital Bank Financial and National Bank Holdings priced their initial public offerings below the ranges they gave last week. Other banking companies have struggled in the IPO market this year.

Nationstar Mortgage remains the "stalking-horse" bidder for ResCap's residential servicing portfolio, sources said. Ocwen Financial, Berkshire Hathaway and an unnamed hedge fund have also emerged.

First National Bank of the Gulf Coast believed it had all the cards in place to become a serial bank acquirer. But it hit a snag: the bank lacked a holding company to fully put its strengths to use.

Days after restating its 2011 results to show a larger loss, Broadway Financial (BYFC) in Los Angeles announced Wednesday that its first-quarter loss was lower than it first reported.

The nation's third-biggest bank has received the E Pluribus Unum Prizes' Corporate Leadership Award for its backing of Citizenship Maryland, a program that loans money to legal permanent residents who apply for U.S. citizenship.

Bank of America may be preparing to slash about 6% of its work force by the end of this year as part of an ongoing series of streamlining measures.

Oregon Pacific Bancorp in Florence has raised almost $2.4 million through a private placement of common stock to unnamed accredited and institutional investors.

Suffolk Bancorp is looking to grow after a large purge of nonperforming assets under CEO Howard Bluver.

What is good for the big banks is not necessarily good for the economy and the growth of jobs, writes the chairman of Signature Bank in New York.