Banking

Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.

Clients of many community banks in Illinois can apply for short-term loans as lawmakers grapple over issuing paychecks while the state has no budget.

Sunshine Financial in Tallahassee, Fla., has asked for permission to switch to a state bank charter from a federal thrift charter.

Some housing professionals have grown reluctant to participate in the Federal Home Loan Banks' Affordable Housing Program, objecting to burdensome requirements and rules that are inconsistent with other funding sources. It's time for the Federal Housing Finance Agency to make some updates.

Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.

Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.

Regency Financial Services Inc. and its CEO Ivan Levy agreed to a permanent ban on telemarketing and the advertising, marketing or sale of any debt relief products or services.

CommonBond Chief Executive David Klein discusses the company's strategy to cross-sell financial products to the firm's student loan borrowers, many of whom are young and affluent.

The health care system is riddled with excess capacity, huge legacy costs, out-of-control expenses and regulations even more onerous than those in banking. And just as in banking, high-tech startups are shaking up the system.

Banking experts are starting to look into cryptocurrency tech, and they are hedging their bets by finding uses for both the public blockchain models – like Bitcoin – and private models.

The Federal Communications Commission on Friday released its Telephone Consumer Protection Act Omnibus Declaratory Ruling and Order, which takes effect immediately.

Colorado state regulators on Friday closed the $31.7 million-asset Premier Bank in Denver.

The Department of Justice's Office of Professional Responsibility said it found no support for allegations that federal lawyers wrongly pursued legal online payday lenders and forced banks to cut ties with legitimate businesses.

Auto title loans in California grew by more than 10% in number and dollar value last year and the market has almost doubled since 2011, according to a new report.

Hershey Entertainment and Resorts' payment systems were infiltrated earlier this year, potentially exposing cardholder data, the entertainment and resort company disclosed July 10.

As bank customers’ tastes turn away from branches and toward mobile devices, banks are trying to replace the customer standby, the 800-number, with more modern communication media like SMS text and WhatsApp.

Capital One Financial has purchased another digital design studio as it works to deepen its reach in Silicon Valley.

Bank of Stockton in California has agreed to acquire three California branches of from First Banks in Clayton, Mo, according to The Record in Stockton.

BB&T's top executives are set to get up to $2.6 million in bonuses if the Susquehanna deal goes well. While viewed as a good way to make sure the deal works out well, some analysts note that M&A already contributes to executive compensation when it boosts earnings per share and return metrics.

Commercial real estate lending and mortgages are banks' main source of hope to beat lukewarm expectations for the earnings season that begins Tuesday.