Naugatuck Valley Financial (NVSL) said that two senior executives will serve as interim co-president and co-CEO while it waits on regulatory approval for an unidentified candidate to take on the job permanently.

The Treasury Department has investigated nine community banks that failed since 2007 for possible criminal conduct that led to their failures. The cases have since been closed, and the agency has elected against filing lawsuits in every case.

Bank of Commerce Holdings in Redding, Calif., is selling its stake in its namesake mortgage company three years after becoming its co-owner.

Business activity in the banking sector increased in July for the second straight month, according to industry executives surveyed for American Banker's latest Index of Banking Activity.

Credit union membership rose to a record 93.1 million in the second quarter even as the total number of credit unions dipped below 7,000.

A small number of alternative financial services providers would be permitted to operate nationwide and on the Internet without adequate policing of their products for underserved consumers.

Codorus Valley Bancorp (CVLY) is warning investors about higher credit costs a month before its third quarter will end.

The acquisition will more than double the assets at C1 Bank, which has been an active acquirer in Florida since receiving backing by a group Brazilian investors.

Dodd-Frank, aimed at restoring confidence in the so-called Wall Street banks, had a devastating effect on Main Street banks, and is now threatening their long-established role as the backbone of the American Dream.

Ray Davis, the CEO of Umpqua Holdings, bounces back from his failed attempt to buy American Perspective in central California with a $25 million agreement for Circle Bank in Northern California.

Credit unions are giddy about a new NCUA rule that says advanced video terminals can be counted as full-fledged service facilities, providing a new way to compete with banks by attracting members in underserved areas.

A number of de novo banks, or those that are seven years old or younger, are facing long delays from regulators when it comes to amending their business plans to allow for bigger growth targets.

Big and mid-size firms are borrowing, but small ones have shown no urgency to tap existing credit lines and take advantage of cheap capital.

The break up with JTH Tax comes months after Kentucky's Republic Bancorp agreed to end its refund-anticipation loan program as part of a settlement with the FDIC.

Leslie Lunak, an M&A expert who has been at BankUnited since 2010, will be promoted to chief financial officer early next year.

Northfield Bancshares in Minnesota has raised almost $3.8 million through a common stock offering.

In order to increase loyalty, financial institutions need to embrace social media, increase value to retain existing customers and use data to design competitive rewards programs.

Four months after the Portland, Ore., company lost a deal in the state to a higher bidder, Umpqua has agreed to buy Circle Bancorp in Novato, Calif., for about $25million.

In two lengthy interviews, John Walsh, the acting head of the OCC for nearly two years, offers his candid views on a range of subjects, including the FSOC's effectiveness and the reform idea he believes is "something worth dying for."

It took just three months for Orrstown Financial Services (ORRF) to find a new chief financial officer, but the move could not have come too soon.