An executive at Calvert Financial in Ashland, Mo., has admitted to using funds from the Troubled Asset Relief Program to buy a luxury condominium.

Banesco USA in Coral Gables, Fla., has named an interim president and chief executive to replace Rafael Saldaña, who left Friday.

The Immigration Bridge Loan Fund aims to help skilled immigrants who are unable to practice the jobs they held in their home countries without additional training in the U.S., the bank said Tuesday.

Independence Federal Savings Bank (IFSB) in Washington, D.C., is taking a second shot at buying Colombo Bancshares in Rockville, Md., three years after the companies called off plans to merge.

Small-business credit conditions continued to improve in the second quarter, thanks to gains in personal income, retail sales and employment, according to a Experian/Moody's Analytics Small Business Credit Index report released on Tuesday.

Why a community bank has committed $500,000 to fledgling tech companies and plans to do more.

Community banks brace for limited selection, but embrace one-stop shopping, as consolidation takes place among IT firms.

The complexion of bank M&A has changed, say investment bankers at St. Charles Capital in Denver: buyers and sellers are healthier, both sides are closer together on valuations and more buyers are approaching targets directly in lieu of bidding wars.

Webster Financial in Waterbury, Conn., has promoted one of its executives to run its personal bank operations.

Hamilton State Bancshares in Hoschton, Ga., has agreed to buy Cherokee Banking in Canton, Ga.

SBT said Monday that Richard Sudol will succeed Anthony Bisceglio, who is retiring from the $382 million-asset company.

The longtime chief operating officer at Bank of the Ozarks (OZRK) in Little Rock, Ark., is retiring.

U.S. Century Bank in Doral, Fla., has gained a pair of new investors and lost two others in the latest chapter of the struggling bank's $50 million recapitalization plan.

The company, which lost millions of dollars after straying from core banking, has returned to its roots as a traditional banking around Philadelphia.

Community Bank Shares in New Albany, Ind., has lowered its cost estimates for integrating First Federal Bank in Lexington, Ky.

Sun Bancorp (SNBC) in Vineland, N.J., has hired a veteran banking executive to become its chief credit officer.

Free checking accounts may be on the wane, but a majority of Americans still pay no monthly service fees, according to a survey from the American Bankers Association.

A pair of Oregon banks are facing charges in a civil lawsuit brought by victims of an alleged Ponzi scheme.

Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.

Community South Bank in Parsons was shut down by Tennessee regulators Friday.