The effective tax rate for banks has dropped to a range of roughly 30% to 32%, down from a range of roughly 32% to 33% in the years leading up to the recession. Recoveries of deferred tax assets might be the reason.

Even a mobile and web heavy financial institution can benefit from brick and mortar. USAA is using touchscreens and videoconferencing to provide advanced advice and help lightly staffed stores.

Upheaval in funding markets has radically reshaped the liability profile of foreign bank operations in the United States, but they have continued to increase lending despite an exodus of deposits that began in the middle of last year.

Tim Lathe is leaving KeyCorp (KEY) because his position within its community bank is being eliminated roughly 17 months after it was created.

Glacier Bancorp (GBCI) in Kalispell, Mont., has appointed former state banking commissioner Annie M. Goodwin to its board of directors.

Regulators revealed on Friday this year's list of communities where banks can receive credit under the Community Reinvestment Act for working in those areas.

The board of Postal Credit Union in Woodbury, Minn., has approved an amendment to its field of membership bylaws that would allow anyone in the country who makes a $5 donation to the John D. Miller Scholarship fund to be eligible to join the $530 million-asset credit union.

Regulators have entered into a consent order with First Bank of Miami that requires the Coral Gables, Fla., company to maintain certain capital levels and ensure compliance with the Bank Secrecy Act.

The thirst for greater clarity on capital spending and valuations prompts dealmakers' flight to cash instead of stock in bank M&A.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

A Virginia Beach investment group has pulled the plug on its plan to buy a struggling bank in the Washington, D.C., suburbs.

Alleged panaceas abound for the banking industry's ills. Unfortunately, many are likely to prove less effective than advertised, cause collateral damage, or both. Here's a look at some of the most popular silver-bullet proposals and their shortcomings.

Cardinal Bankshares Corp. in Floyd, Va., has settled a dispute with a former executive it claims was conspiring with an investor to force its sale.

Lehman Brothers said Friday it has sold its Aurora Bank subsidiary, a move that, coupled with an earlier sale of Lehman's Woodlands Commercial Bank, should help funnel some $1.5 billion into the pockets of Lehman's creditors.

SecondMarket's pilot program to create a market for hard-to-sell stock.

The Federal Reserve Bank of Richmond has ordered Village Bank and Trust Financial in Midlothian, Va., to serve as a source of strength for its ailing bank subsidiary.

Persistent low rates, fierce competition and lackluster loan growth will prevent most community banks from reporting blow-out earnings growth in the second quarter. Much of the profit likely will come from purges of bad assets.

The prospect of better spreads at Oriental Financial Group trumps the hit to book value under its $500 million agreement to buy BBVA's unit in Puerto Rico.

A little more than a year after saving a struggling Kansas thrift, the owners of a Chicago mortgage firm have been awarded two large grants to relocate the thrift's headquarters to the Windy City and open a large loan production office there.

RAPID CITY, S.D. — NCUA Chairman Debbie Matz told credit union executives here yesterday the agency is very close to approving a charter for a credit union that will serve the Lakota Indians, also known as the Sioux, at their Pine Ridge Reservation in Kyle.