The best way to meet the needs of consumers and communities is to once again have the private sector play the lead role in the housing market, led by responsible local lenders.

The Justice Department is investigating a recently acquired unit of Ocwen Financial (OCN), the company announced Friday.

Regions Financial (RF) has promoted a veteran executive to lead its private wealth management unit.

VISIONBank in Fargo, N.D., has converted a former restaurant into an eye-catching branch where customers are invited to sit by the fire, play with the dog, grab a soda from the fridge and make themselves at home.

SCBT's deal for First Financial in South Carolina shows how wealth, mortgage and other fee businesses attract buyers that want to bulk up their noninterest revenue.

The Federal Deposit Insurance Corp. has freed the Bank of Granite in Granite Falls, N.C., from an enforcement action.

With its new depositor preference proposal, the FDIC decided to skip over the current problem and fix one that doesn't exist — yet. Its solution places more burden on banks, but may save the agency from eventually insuring foreign deposits.

The Columbus, Ga., company has righted itself, is pursuing growth opportunities and looks forward to the day when it is strong enough to buy other banks again, CEO Kessel Stelling says.

A number of community banks took a hit when Silverton Bank failed in 2009, and that experience is making them cautious about sharing credits today.

NewDominion Bank in Charlotte, N.C., believes it is close to raising enough capital to shed a consent order.

A charge for losses from distressed banks weighed against the fourth-quarter earnings at First Citizens BancShares (FCNCA) in Raleigh, N.C.

An uptick in home loans helped First PacTrust Bancorp (BANC) narrow its losses in the fourth quarter.

Federal agencies have the authority and ability to raise minimum capital in a direct and meaningful way, outside of the Basel III process.

Iberiabank (IBKC) in Lafayette, La., has uncovered an accounting error that forced it to restate nearly three years of financial data.

Bob Braswell of Carolina Bank in Greensboro, N.C., gave the mayor and city council an earful after tiring of a bitter funding dispute.

Rhoda Altom and Deborah Gavin will join the boards of Washington Banking and its $1.7 billion-asset Whidbey Island Bank in Coupeville, Wash., the company said Thursday.

Union First Market Bancshares (UBSH) in Richmond, Va., is set to begin a share repurchase program.

Regulators shouldn't be managing banks, says a former bank supervisor for the Minneapolis Fed.