Colorado's top banking regulator — the only state supervisor to get overruled by the Federal Reserve Board on a failure — is retiring.

NewStar Financial Inc. (NEWS), the lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is extending its sale process into 2014, three people familiar with the matter said.

The $7.3 million-asset company said late Thursday that it will buy a professional-services practice from EBS-RMSCO, a Lifetime Healthcare unit, for an undisclosed price.

Metropolitan National Bank in New York is changing its name and ditching its national charter.

The Federal Reserve Board has ended a regulatory action against PathFinder Bancorp (PBHC) in Lake Oswego, N.Y.

Bank mergers of equals are on the rise, but buyers are giving up their brands to make them happen.

The ongoing debate over community bank consolidation also extends to big shareholders. While most prefer to see deals, there are a few who argue that well-run banks can stay independent.

LegacyTexas Bank is majority-owned by the family of Carroll Shelby, who famously partnered with Ford Motor Co. to produce the Shelby Mustang muscle car. LegacyTexas has agreed to merge with another bank, but the family will remain involved.

WASHINGTON — The Federal Reserve Board issued revised standards on Thursday dictating how banks should oversee service providers, including consultants.

American Banker's digital news coverage took top honors at the 2013 Eddie & Ozzie Awards Thursday.

A group of First National Community Bancorp's (FNCB) current and former directors have agreed to pay $5 million to settle a shareholder lawsuit claiming that they failed to properly oversee risky practices.

There are now less than 6,900 banks in the United States, the smallest number of financial companies since the Great Depression — and bankers expect the industry to contract even more in coming years. American Banker editors discuss the stakes for community banks and why the country still needs thousands of small banks.

As consumer groups turn their attention to smaller institutions, they bring lending disparities to regulators’ attention. The regulators seem to take these issues more seriously than during bank megamergers’ heyday.

A decision by Popular (BPOP) in San Juan, Puerto Rico, to reduce its stake in a former technology subsidiary could help it exit the Troubled Asset Relief Program.

United Community Financial (UCFC) in Youngstown, Ohio, has been released from a memorandum of understanding with the Federal Deposit Insurance Corp. and state regulators.

WSFS Financial received more than 1,300 submissions to its annual pet photo contest, and donated roughly $2,500 to the Delaware Humane Association.

TCF Financial (TCB) in Wayzata, Minn., has hired a former executive from State Farm Bank to become its chief credit officer.

The $890 million-asset company exceeded its goal of raising $15 million after it received investments from local shareholders in addition to institutional investors, according to a press release Wednesday.

The $339 million-asset bank said in a press release Wednesday that it chose the new name to distinguish itself from other businesses that also use the word "Columbia."

Banco Sabadell in Spain has agreed to buy JGB Bank in Miami.