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.

The Treasury Department will receive roughly $204 million from its latest auctions selling off the preferred shares of seven financial institutions from the Troubled Asset Relief Program.

Doug Tuttle knows all too well what goes on at struggling banks, and that is exactly why his new boss at American Momentum says he hired the industry veteran in Tampa, Fla.

Continuing its string of Texas acquisitions, Prosperity Bancshares in Houston announced Thursday that it is buying Community National Bank in Bellaire for $26.6 million in cash and stock.

During the boom, accounting rules kept banks from building thicker buffers against losses. This left them in a weaker position when the crisis hit. It's time to fix the mistake.

BancAlliance, a young cooperative for small banks, has the capital and lending team in place to make a splash in an area that hasn't had much action since the financial crisis: equipment finance.

Seven months after it was created through the merger of Nara Bancorp and Center Financial, BBCN (BBCN) Bancorp in Los Angeles has repaid the funds its two predecessor companies received from the Troubled Asset Relief Program.

Chicago is home to dozens of banks and more than 700 branches. A number of those branches closed as banks in the city failed or were sold. Here is a look at how developers have found new use for those abandoned locations.

Unlike last summer, deposit levels have been relatively stable recently as the euro crisis has reached a new crescendo. Either the most nervous money has already fled to the shelter of the bank safety net, or tensions are only just building.

The bank's holding company, TCF Financial, said Wednesday that following "multiple layers" of interviews and surveys with its customers, bank officials have decided to do away with monthly maintenance fees on its retail checking accounts.

Carver Bancorp (CARV) reported a wider loss for the quarter that ended on March 31, compared to a year earlier, largely because of higher chargeoffs and reduced loan income.

R. Eugene Taylor's Capital Bank would have to pay nearly $4 million more for F. Scott Bauer's Southern Community in a new, all-cash deal thanks to market swings that complicated their earlier cash-and-stock agreement.

Banks and Farm Credit lenders are typically rivals, but Huntington Bank and GreenStone Farm Credit Services have set aside their differences to come to the aid of Michigan fruit growers and processors.

The Treasury Department has sent letters to 200 remaining Tarp banks indicating that the agency may auction its stakes as parts of pools this fall. While the move removes the government from the banks, it presents new challenges, particularly for recapitalizations.