In its second-to-last quarter as an independent company, Parkvale Financial Corp. in Monroeville, Pa., reported a a profit of $1.7 for the quarter that ended June 30, compared to a loss of $21.2 million in the same period last year.

Continuing its aggressive expansion in Southern California, upstart Grandpoint Capital Inc. in Los Angeles is planning to buy Regents Bancshares Inc. in La Jolla.

Large banks see capital and premium implications from large deposits that seek full FDIC insurance.

John Allison may have retired as BB&T's CEO in 2008 but he still has strong opinions about the economy and banking industry. In a wide-ranging interview, he projects five years of stagnant growth, mixed results for M&A and 5-10% job cuts in the banking industry.

The largest shareholder at HF Financial Corp. has nominated its own slate of directors to challenge the candidates being backed by the management of the Sioux Falls, S.D., thrift company.

The Office of the Comptroller of the Currency closed First National Bank of Florida, in Milton, on Friday.

Old National Bancorp in Evansville, Ind., plans another round of branch consolidations as it integrates the failed Integra Bank.

New York bankers have indelible memories where they were and what they were doing during the terrorist attacks of 9/11. Whether working in a high rise down the street from the World Trade Center or attending a convention in the Rockies, each remembers how events of that day have shaped his life and world. Following are some of their reflections.

The administration is introducing the American Jobs Act to Congress in attempt to alleviate the prolonged high levels of unemployment. The act includes payroll tax cuts, tax credits, extended jobless benefits, fixes for school infrastructure and road repairs.

First BanCorp in Puerto Rico finally received the shareholder votes it needed to close in on a $525 million recapitalization.

New York bankers have indelible memories where they were and what they were doing during the terrorist attacks of 9/11. Whether working in a high rise down the street from the World Trade Center or attending a convention in the Rockies, each remembers how events of that day have shaped his life and world. Following are some of their reflections.

Safe. Small. Privately Held. Those were the descriptions of the five M&A deals that occurred in the span of a few days. A lot has to change before many prospective buyers and sellers take the plunge.

Recession-era cuts merely kept ratios of assets to employees stable as balance sheets shrank, and current ratios of compensation to earnings are well above levels that prevailed before the downturn.

The best-performing community banks and thrifts in the country are concentrated in the Northeast, according to a new report from Sandler O'Neill & Partners LP.

From the perspective of New York City's community bankers, 9/11 bred a new era of caution and governmental oversight that will not go away anytime soon.

Hamilton State Bancshares Inc. in Hoschton, Ga., said Friday that it completed a cash tender offer, repurchasing $1.5 million of its common stock.

First Merchants Corp. in Muncie, Ind., announced Friday that is planning to exit the Troubled Asset Relief Program using a combination of proceeds from a recent stock offering and a low-interest loan from the Treasury Department's Small Business Lending Fund.

The president told Congress that he would act on his own to allow more Americans to refinance their mortgages. His jobs legislation will also include an infrastructure bank, an idea that has failed to gain enough support in the past.

As the United States commemorates the 10th anniversary of the terrorist attack, the financial community, among many others, is taking time to reflect on those lost. We should also remember how difficult it must be for their surviving families.

Bank of North Carolina in Thomasville, N.C., announced Thursday that it is buying Regent Bank in Greenville, S.C., for $9.8 million.