Heritage Financial is paying 1.5 times tangible book value for Valley Community, but the markets welcomed the deal because Heritage expects to slash the seller's expenses as much as 50% because of market overlaps.

Banks, thrifts and credit unions brought in $32 billion in overdraft revenue last year, a 1% increase from 2011, according a new study.

A number of bank chief executives have ties to teams in this year's NCAA men's basketball tournament. Here are some prominent examples.

Bankers who were at last week's convention are considering ways to expand social media use and offer new products that will not run afoul of regulators.

Capital requirements for community banks should be raised outside of the Basel III process and through a much more simplified system of risk-weighted assets.

A dissident investor's candidate has joined the board at First Financial Northwest (FFNW) in Renton, Wash., ending a costly legal dispute.

Starbuck Bancshares has sweetened the consideration it will pay for PremierWest Bancorp (PRWT) in Medford, Ore.

The Federal Deposit Insurance Corp. has terminated a consent order issued to Saehan Bank (SAEB) in Los Angeles.

First Citizens BancShares (FCNCA) in Raleigh, N.C., is preparing to spend millions of dollars to improve its information technology platform.

Landmark Credit Union may buy Hartford Savings Bank in Wisconsin, the National Credit Union Administration board decided Thursday.

Top bankers went out of their way to praise the Consumer Financial Protection Bureau and its Director, Richard Cordray, at American Banker's Retail Financial Services Conference. Despite the happy talk, they stopped short of calling for the GOP to end its opposition to the bureau or for Cordray's directorship to be made permanent.

The longtime chief executive of New Hampshire Thrift Bancshares is ready to retire — but not to leave completely. Stephen Ensign, 65, is set to retire April 30 as an employee of the Newport company but will remain its chairman.

The Fed's rejection of BB&T's capital plan likely bars the serial acquirer from big acquisitions for several months, but it might be able to pull off a small one.

Only 30% of community banks communicate via social media, and that needs to change if they want to attract younger customers, members of the industry said.

Profit fell at Third Century Bancorp (TDCB) after the Franklin, Ind., company boosted its provision for loan losses.

The Super Bowl champ teased regulators, talked serious business and shared tales of his glory days on the football field during the Independent Community Bankers of America conference.

The Consumer Financial Protection Bureau is preparing to crack down on interest rate markups that automobile dealers add onto the cost of car loans, potentially threatening one of the few bright spots for bank lending of late.

The husband and wife who lead Southern National Bancorp of Virginia (SONA) want to make one more acquisition before they try to sell their bank and retire.

First Mariner Bancorp (FMAR) may not keep its name on a local arena but the Baltimore bank will continue to have a popular pitchman.

The Independent Community Bankers of America has elected its executive committee for the next year.