The Federal Deposit Insurance Corp. has freed the Bank of Granite in Granite Falls, N.C., from an enforcement action.

With its new depositor preference proposal, the FDIC decided to skip over the current problem and fix one that doesn't exist — yet. Its solution places more burden on banks, but may save the agency from eventually insuring foreign deposits.

The Columbus, Ga., company has righted itself, is pursuing growth opportunities and looks forward to the day when it is strong enough to buy other banks again, CEO Kessel Stelling says.

A number of community banks took a hit when Silverton Bank failed in 2009, and that experience is making them cautious about sharing credits today.

NewDominion Bank in Charlotte, N.C., believes it is close to raising enough capital to shed a consent order.

A charge for losses from distressed banks weighed against the fourth-quarter earnings at First Citizens BancShares (FCNCA) in Raleigh, N.C.

An uptick in home loans helped First PacTrust Bancorp (BANC) narrow its losses in the fourth quarter.

Federal agencies have the authority and ability to raise minimum capital in a direct and meaningful way, outside of the Basel III process.

Iberiabank (IBKC) in Lafayette, La., has uncovered an accounting error that forced it to restate nearly three years of financial data.

Bob Braswell of Carolina Bank in Greensboro, N.C., gave the mayor and city council an earful after tiring of a bitter funding dispute.

Rhoda Altom and Deborah Gavin will join the boards of Washington Banking and its $1.7 billion-asset Whidbey Island Bank in Coupeville, Wash., the company said Thursday.

Union First Market Bancshares (UBSH) in Richmond, Va., is set to begin a share repurchase program.

Regulators shouldn't be managing banks, says a former bank supervisor for the Minneapolis Fed.

United Community Financial in Youngstown, Ohio, has added an advisor to the company to its board.

United Financial Bancorp in West Springfield, Mass., is closing a pair of Connecticut branches just months after buying them.

Bankers must concentrate on achieving greater efficiencies, stop focusing on short-term goals and strike the right balance between unacceptably poor compliance practices and unattainable perfection.

The banking industry's pace of expansion, which had shown signs of accelerating in late 2012, appears to have lost momentum.

Darrell Green, an initial investor in the bank, enjoyed a Hall of Fame career with the National Football League's Washington Redskins.

Flushing Financial in Lake Success, N.Y. is now a bank. The $4.5 billion-asset company said Thursday that it had also merged Flushing Savings Bank and Flushing Commercial Bank to create a commercial bank chartered in New York.

Lenders are lowering rates and stretching out loan terms to win business, and that combination could spell trouble when interest rates rise.