The $176 billion-asset company will close the center in the summer of 2015, the Roanoke Times reported, citing a BB&T spokesman.

Florida Bank in Tampa has been freed from a memorandum of understanding issued by state regulators, according to a report.

Gerald Reaux, 53, "succumbed to an illness he had been battling for a while," KATC.com reported on Monday.

Bankruptcy used to be uncharted water in banking, but the drastic measure is starting to look like the only way for some institutions to reach dry land.

The Consumer Bankers Association believes banks and retailers need to have constructive conversations on security following last year's Target security breach.

Action by federal lawmakers, not guidance from the Justice Department, is what’s needed to give banks comfort in providing services to marijuana businesses in states where pot is legal.

Horizon Bancorp (HBNC) in Michigan City, Ind., has agreed to buy the assets of 1st Mortgage of Indiana in Indianapolis.

Former Consumer Financial Protection Bureau boss Raj Date is lining up a seasoned team of banking executives to try to revive the subprime credit card market. For the banks his firm is seeking to partner with, the question is whether the potential profits justify the risks. American Banker staffers discuss.

While waiting for regulators to fully understand the effects, small banks should proactively take measures to prepare themselves from the Volcker rule, just like their larger counterparts.

Pioneer Bancshares in Dripping Springs, Texas, has agreed to buy the holding company of Union State Bank in Kerrville, Texas.

First Mariner Bancorp (FMAR) in Baltimore is planning a $100 million recapitalization of its bank led by a group of investors.

CUNA is confirming what several analysts have already told Credit Union Journal: that NCUA's proposed new risk-based capital rule will cost many credit unions a lot more to maintain healthy capital cushions needed for growth-in fact, a net $7.3 billion more.

Allan Hosack joined the $1.9 billion-asset Waterstone after a decade at BMO Financial Group (BMO) and predecessor, Marshall & Ilsley.

The company wants to supplement the loss of revenue from mortgage banking with a potentially large acquisition. CEO Gary Douglass says he is interested in banks with $400 million to $1 billion in assets.

Researchers for the U.S. Postal Service inspector general's office are making the case that an agency rooted in delivering mail and selling stamps can help Bitcoin go mainstream.

A former head of commercial real estate at Wilmington Trust was charged with bank fraud, bribery and money laundering, the Office of the Special Inspector General for the Troubled Asset Relief Program announced Friday.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Fourth-quarter results benefited from banks' ongoing efforts to work through problematic loans and foreclosures, though more industry observers expect to see this activity taper off in 2014.