The Federal Reserve Board hit Naugatuck Valley with a memorandum of understanding on May 21, the $526 million-asset company said late Friday.

Eagle Bancorp (EGBN) in Bethesda, Md., claims that proxy advisory firm ISS made mathematical errors when it urged investors to vote against compensation for CEO Ron Paul and other officers.

The Michigan company is set to raise up to $100 million if the right acquisition is available. Analysts say in an erratic M&A market, it is better to be ready to raise capital than to raise it and wait.

The pace of expansion decelerated in April as bankers complained about competition for commercial loans and a slackening of consumer loan demand.

Freddie says its new "low-activity" fee will offset the cost of monitoring the loans it buys, but avoiding it could be a challenge for lenders in rural markets.

The Federal Deposit Insurance Corp. has taken enforcement actions against eight banks and freed 12 others from prior orders, according to a series of orders released Friday.

Net interest margins are complex beasts. During the last Fed tightening cycle, the yield curve turned negative and margins narrowed.

Oxford Bank in Michigan has terminated its planned sale to Level One Bancorp due to regulatory delays and an improvement in Oxford's financial condition.

Clarkston Financial in Michigan has implemented a 10-for-1 reverse stock split.

BNC Bancorp in High Point, N.C., has agreed to buy Randolph Bank & Trust in Asheboro, N.C.

For the second year in a row, Harvard Illinois Bancorp and its management have prevailed in a proxy battle with activist investor Joseph Stilwell.

The Treasury Department plans to auction its remaining stakes in 16 banks as it continues to unwind its holdings from the Troubled Asset Relief Program.

Credit unions added 800,000 new members in the first quarter of the year, the best quarter ever for membership growth, the National Credit Union Administration said on Thursday.

Nancy Graves, who until last week served as assistant director of New Jersey's Department of Banking and Insurance, has joined Pascack Bancorp (PSBR) in Waldwick as president and chief executive.

The bank wants to double in size by pursuing acquisitions and hiring bankers away from competitors.

The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.

The Federal Reserve Board has taken action against two banks and terminated orders with four others, and the Federal Deposit Insurance Corp has freed Synovus Financial from an order.

Hugh McColl, who made his name in banking by building one of the nation's largest financial institutions in Bank of America, is lending his heft to an academic program that should benefit community bank.

Banks that develop strong, personalized relationships with small business owners will generate mutual sustained value.

ViewPoint Bank in Plano, Texas, has hired Chris Parada to lead its newly formed energy-finance division, which will provide senior debt financing to oil and gas companies throughout the country