The FDIC charged executives of the failed Silverton Bank with squandering millions on planes, posh digs, and island retreats.

Community groups in California are protesting Capital One Financial Corp.'s planned acquisition of ING Direct, saying the banks have done little to help low-income communities in a state that has accounted for a large chunk of their profits.

An Ohio storefront alternative lender has filed for a $230 million initial public offering, as traditional banks maintain a tight-fisted approach to consumer lending.

CoBiz Financial Inc. said Monday that it was initially approved for as much as $57.4 million from the Small Business Lending Fund program — the second highest amount approved to date.

The Federal Deposit Insurance Corp.'s "Quarterly Banking Profile" showed many positive signs for the industry. Net income was nearly 38% higher than a year earlier, registering the eighth straight quarter with year-over-year earnings growth. Total loans rose 0.9% in the quarter to $7.3 trillion, the first such increase in three years.

Miami-based Ocean Bank faces a nearly $11 million fine to settle charges it turned a blind eye to drug traffickers allegedly using the bank to launder money.

Central bank proposes two-year phase-in period for thrift holding companies to start new reporting requirements.

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Capital One negotiated a crucial concession in its agreement to buy HSBC's cards business, while First Niagara did not in a big branch deal with the same seller. Investors, skittish about the markets, have punished First Niagara.

Community groups in California are protesting Capital One Financial Corp.'s planned acquisition of ING Direct, saying the banks have done little to help low-income communities in a state that has accounted for a large chunk of their profits.

The agency's Quarterly Banking Profile will report bank and thrift earnings for the second quarter. In May, the agency said institutions had earned $29 billion in the first quarter, and net income had grown on a year-over-year basis for seven straight quarters.

Rockland Trust Co. in Massachusetts has hired a team of asset-based lenders away from Webster Bank of Waterbury, Conn.

BankAtlantic Bancorp in Fort Lauderdale, Fla., has promoted Charles Mohr to president of retail banking, the latest in a string of executive appointments the company has recently announced.

Navy Federal Credit Union is broadening remote access for its highly mobile member base by tapping the fast growing Android smarthphone market. Not all of the early feedback is positive, however.

Mutual holding companies now must explain why they want to waive dividends from their thrifts. Observers fear the rule could repel prospective investors.

WSFS Financial Corp. in Wilmington, Del., has named a former executive at rival Wilmington Trust Corp. to a key management position.

A small mutual thrift in Maryland has won approval from state and federal regulators to convert to a publicly traded company.

Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.

With wild swings in the stock market, negotiations over protections form big changes in the stock values of buyers and sellers are bogging down an already slow deals market.

The Office of the Comptroller of the Currency closed Lydian Private Bank in Palm Beach, Fla., on Friday. The $1.7 billion-asset bank is the 10th bank to fail in Florida this year.