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El Paso offers a microcosm of the banking industry, showing how banks operating side by side can diverge dramatically based on daily choices.

President Obama announced Friday he intends to nominate Federal Deposit Insurance Corp. director Tom Curry, a former state regulator, for the top job at the Office of the Comptroller of the Currency.

Raymond James Bank in St. Petersburg, Fla., is acquiring a $650 million loan portfolio from Allied Irish Bank's Canadian operation in Toronto.

ECB Bancorp Inc. in Englehard, N.C., is planning to raise $75 million in a private stock offering and intends to use a portion of the funds to exit the Treasury Department's Troubled Asset Relief Program.

Park National in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

The Bank of Kentucky Corp. in Crestview Hills announced Friday a deal to acquire the operations of United Kentucky Bank of Pendleton County Inc.

The Bank of Kentucky Corp. in Crestview Hills announced Friday a deal to acquire the operations of United Kentucky Bank of Pendleton County Inc.

ECB Bancorp Inc. in Englehard, N.C., is planning to raise $75 million in a private stock offering and intends to use a portion of the funds to exit the Treasury Department's Troubled Asset Relief Program.

Park National Corp. in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

People who repeatedly overdraw their accounts are very profitable, but Rusty Cloutier, CEO of Midsouth Bank i Lafayette, La., isn't so sure what's good for his bank is necessarily good for these customers.

A dearth of relationships with the underbanked has perpetuated the shortage of insight into how low-income consumers manage their finances. Enter the U.S. Financial Diaries.

Restricted on capital. Burdened by heavy deposit insurance assessments. Threatened with losing their federal tax exemption. Little wonder credit unions are weighing conversion.

El Paso offers a microcosm of the banking industry across the country, illustrating how institutions operating side by side can diverge dramatically based on the decisions made every day about how to run them.

On her way out as Federal Deposit Insurance Corp. chief, Sheila Bair told lawmakers that certain capital rules meant for large banks may affect small ones as well, and defended prompt corrective action in the face of an oversight report criticizing it.

First Connecticut Bancorp Inc.'s stock rose 10% Thursday in its first day trading on the Nasdaq after converting to a stock company from mutual ownership.

Glens Falls National Bank and Trust Co. in New York has promoted Thomas J. Murphy to president of the bank and senior vice president of its parent company, Arrow Financial Corp., effective July 1

WASHINGTON — TCF Financial Corp. on Thursday abandoned pursuit of a lawsuit against the Federal Reserve Board on its proposed debit interchange rule.

Deborah Wright has likely never been as happy to be a New Yorker as she is this week. Carver Bancorp, a struggling thrift company where Wright is the CEO, managed to bring in $55M in capital in a deal led by many of the city's heavyweights.