Retail & Commercial

The agency used a cross-guaranty liability agreement to receive 85% of the proceeds from a Kansas Bank's sale to Arvest Bank in Arkansas. The deal is notable to companies with multiple banks, particularly those that are undercapitalized.

Capital Bank in Raleigh, N.C., reported a 14% rise in second-quarter earningsm while TIB Financial in Naples, Fla., said its second-quarter profit nearly doubled.

Alliance Data's Retail Services business will create and manage private-label, cobrand and commercial credit card programs for True Value under a long-term agreement the companies announced today.

Standard & Poor's said that it will change its method of rating securities backed by U.S. residential mortgages granted before 2009.

The judge overseeing the Visa/MasterCard swipe fee dispute will not approve the settlement until the second half of 2013. In the interim, this deal must get through numerous hurdles.

The Columbia, S.C., company is used to gaining branches and other assets in past deals. Buying Savannah Bancorp adds an investment advisory firm and mortgage capabilities at a time when banks are looking everywhere for ways to boost fees.

Southwest Bancorp (OKSB) in Stillwater, Okla., has repurchased all of the $70 million in preferred securities it sold to the Treasury Department under the Troubled Asset Relief Program.

The mortgage delinquency rate increased for the first time in a year as slowing economic growth left more borrowers struggling to pay their bills.

The agency is desperately trying to avoid a bailout this year by settling disputes with major banks for cash, selling severely delinquent loans and raising insurance premiums for new borrowers.

About 40 banks and credit unions will offer free gas in 20 cities nationwide in a promotion organized by BancVue. The event is designed to draw attention to certain deposit products offered through BancVue's Kasasa brand.