The deal announced Tuesday follows the collapse of the bank's planned merger with C1 Bank.

Cullen/Frost Bankers in San Antonio plans to raise $150 million by selling preferred stock.

Retail banks must start innovating, improve integration across channels and consider charging fees for services to maximize their return on investment.

Lawmakers were sharply divided on President Obama's brief remarks regarding the housing market during his State of the Union address Tuesday night.

Ocwen Financial (OCN) is selling off parts of a company it recently purchased and another it expects to buy soon.

OptimumBank Holdings in Ft. Lauderdale, Fla., has hired a veteran banker as its chief executive. The $150 million-asset company said Tuesday that it had hired Timothy Terry.

ConnectOne had a strong IPO on Tuesday, giving it more funding for loans and acquisitions.

The Freedom Bank of Virginia is planning to cash in on the anticipated consolidation of government contractors.

Quick decision-making, cash on hand and dedicated employees are musts for successful buyers of loan pools, experts said in analyzing CIT's recent purchase of $1.2 billion of loans.

Smaller banks have historically shied away from equipment finance because it requires a lot of expertise that typically has an up-front cost. But a desire to book assets at higher yields has made the business more attractive, industry experts say.

The Federal Reserve Board has issued an enforcement action against the holding company of an Alabama bank.

Generation Mortgage, a reverse-mortgage lender in Atlanta, has promoted Colin Cushman to fill its recent vacancy at the top.

HopFed Bancorp in Hopkinsville, Ky., is bolstering its presence in neighboring Tennessee with a deal to buy Sumner Bank & Trust in Gallatin.

Nok Nok Labs, a startup run by the founder of data security vendor PGP, is developing technology that could let biometric authentication mechanisms communicate easily with servers.

Grand Bankshares in West Palm Beach, Fla., plans to raise $6 million, according to a news report.

Citizens Bank of Kansas is seeking to switch from a national to a state charter.

A new federal rule issued by the Department of Housing and Urban Development on housing discrimination will likely make it harder for banks to prevail in fair-lending disputes.

The stress of margin compression, combined with the need to generate additional income to maintain investors' return on equity hurdles, is driving more and more community banks into riskier activities.

CEO Hugh Potts says the Mississippi company's sale to Renasant will help investors recoup 75% of 2006 value.

Karen Mills is stepping down as the head of the Small Business Administration. On her watch the agency supported $106 billion of loans to small businesses, including a record $30.5 billion in fiscal year 2011.