Retail & Commercial

Cordia Bancorp will invest $3 million to consolidate control of Bank of Virginia in a move Jack Zoeller, Cordia's CEO, says will position the company to make acquisitions and raise capital.

Bank of America (BAC) and Fifth Third (FITB) have joined a growing number of large banks that have simplified disclosure notices on retail checking accounts.

First Community Financial Partners in Joliet, Ill., will combine its four banks under a single charter to increase the availability of products at each one.

BB&T will have seven new (sort of) faces on its board next year when the company expands to 19 directors from 15 and replaces three retirees.

In a series of letters, the agency asked Assurant to break out revenues in states investigating the industry and assess the effect such probes would have on its bottom line.

The five largest U.S. mortgage servicers say they have provided about $10.6 billion in relief to troubled borrowers under the terms of a $25 billion legal settlement over abusive foreclosure practices.

Lakeland Bancorp (LBAI) is planning to raise more than $25 million through two offerings.

Eastern Federal Bank of Norwich, Conn., has applied to the Connecticut Department of Banking to switch from a federal charter to a state charter.

Bank of Oklahoma in Tulsa this week hired former Fannie Mae executive Elliot Salzman as vice president in charge of correspondent lending.

The political game in Washington might not be one former SIGTARP Neil Barofsky was willing to play, but it suits Wall Street lobbyists perfectly. What are we, citizens and taxpayers, supposed to do now?