The lifeline that ShoreBank in Chicago has been thrown by some of the nation's largest financial companies could turn out to have benefits for other community development banks.

ShoreBank in Chicago succeeded Monday night in pulling together the necessary private investment commitments to secure a lifeline from the Treasury Department.

The Treasury Department said Monday it has launched an offering of warrants to buy equity in Valley National Bancorp.

California lender Pacific Capital Bancorp can't pay dividends without Federal Reserve approval, the Fed said.

As a similarly named neighbor was being taken over by regulators, First Midwest Bancorp Inc. decided to assert its strength.

Following its acquisition of Midwest Bank and Trust Co., FirstMerit Corp. is looking to beef up capital.

After Toronto-Dominion Bank agreed Monday to buy South Financial Group Inc. and bought three failed banks in Florida last month, the natural question is: What next?

State supervision of nonbank mortgage lenders — an industry group that was a key part of the "shadow" financial system widely blamed for the crisis — is becoming as tough as federal oversight of depositories. And in some ways, tougher.

Months after it was considered dead on arrival, a push to create a $30 billion small-business lending fund for community banks has found new life.

The secondary public offering of 2.5 million warrants for common stock of Valley National is part of Treasury's effort to recoup part of the $700 billion financial-sector bailout.

For the second time in a month, Toronto-Dominion Bank, Canada's second-largest bank by assets, scooped up a troubled U.S. bank, enabling it to expand its footprint in the U.S. southeast.

Despite aggressive efforts to stay alive, Midwest Bank and Trust was closed late Friday by Illinois regulators. The failure of the Chicago-area bank came on a night when the FDIC ...

NASHVILLE — For community bankers trying to figure out how they will make money going forward, the next six months are pivotal. That is the time to acknowledge and fix asset-quality problems and line up capital to finance expansion when the economy recovers.

Bryn Mawr Bank Corp. in Pennsylvania has announced plans to raise about $25 million in capital as it considers acquisitions.

Despite aggressive efforts to stay alive, Midwest Bank and Trust Co. was closed late Friday by Illinois regulators. The failure of the $3.2 billion-asset, Chicago-area bank came on a night when the Federal Deposit Insurance Corp. also found buyers for three other institutions, bringing the year's failure total to 72.

Less than two months before new rules on overdraft protection take effect, early indications suggest banks won't suffer as big a blow to fee revenue as feared.

Less than two months before new rules on overdraft protection take effect, early indications suggest banks won't suffer as big a blow to fee revenue as feared.

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

Bank of Granite Corp. of Granite Falls, N.C., said last week that its bank unit is undercapitalized.