LAKELAND, Fla. — MidFlorida CU, which has been growing its branch network on the Gulf Coast, has agreed to acquire Indian River CU, a troubled $55 million credit union on Florida's other coast.

Stiffer oversight of banks with assets of $50 billion or more will keep New York Community Bancorp, of Westbury, N.Y., out of the M&A game until a major acquisition comes along, CEO Joseph Ficalora says.

BB&T (BBT) in Winston-Salem, N.C., said Tuesday that it has completed its acquisition of BankAtlantic in Fort Lauderdale, Fla., after it received final approvals from the Federal Reserve Board and the Federal Deposit Insurance Corp.

A former Minnesota Vikings tight end has reached a settlement with federal regulators over his alleged misdeeds at a Minneapolis-area community bank.

David Cohen, the Treasury undersecretary for terrorism and financial intelligence, urged banks and others in the financial industry to weigh in on a regulatory plan to require institutions to identify beneficial ownership of their account holders.

Industry groups want lawmakers to extend Dodd-Frank's unlimited insurance for transaction deposits, which is now mandatory for all banks. But TAG used to be voluntary, and some say it should be again.

Peoples Bancorp of North Carolina (PEBK) in Newton said that Lance A. Sellers, its chief credit officer, will take over as chief executive and president later this year.

The Asheville, N.C., company posted a net loss after its loan-loss provision ballooned. The loss comes just months after activist investor Stilwell Group disclosed that it had started buying shares in the company.

American Banker today introduces the Index of Banking Activity, a new monthly barometer of business conditions in the U.S. banking sector. The index's initial reading of 54.4 indicates that the banking industry experienced a modest pickup in activity in June.

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Heartland Financial (HTLF) in Dubuque, Iowa, reported that its second-quarter earnings rose about 45% from a year earlier, to $12.9 million, because of higher noninterest income.

Following an extensive search for a new chief executive, the board at HF Financial (HFFC) in Sioux Falls, S.D., has determined that its interim CEO is the best person for the job.

The FDIC's original blanket coverage for transaction accounts allowed institutions to opt out or pay extra fees to participate. But industry groups say extending Dodd-Frank's version of the coverage, which eliminated fees and made participation compulsory, is the only way to go.

WASHINGTON — The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

Shares for Independent Bank (IBCP) climbed Monday after the Ionia, Mich., company reported its second consecutive quarter of profitability from improved asset quality.

After hiring a MetLife mortgage team in northern California, Provident Financial Holdings (PROV) said its fiscal fourth-quarter profit more-than doubled from a year ago.

Old National Bancorp in Evansville, Ind., said Monday that its second-quarter earnings climbed 25% from the first quarter, to $27.2 million, as net interest income rose while expenses fell.

A number of banking company closed branches during the second quarter, and even more have announced plans to follow suit. Over the past 12 months, there was a net loss of about 770 branch offices nationwide as banks aim to cut costs in the face of depressed interest rates and low loan demand.

Capitol Federal Financial in Topeka, Kan., posted a stronger quarter compared with a year ago but earnings in the quarter that ended June 30 were down from the prior quarter as net interest income fell.

State Bank Financial's (STBZ) second-quarter earnings nearly doubled what it reported a quarter earlier as the serial acquirer's organic growth outpaced growth from acquisitions.