TCF Financial (TCB) in Wayzata, Minn., plans to raise $100 million by selling preferred equity at $25 a share.

The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.

Banks are assuming greater risk on the strategic side, by entering unfamiliar product territory, and on the cost side, by devoting fewer resources for risk management.

Small-business owners are likely to pull back on purchases of computers, machinery and other long-term investments in 2013, according to a survey released Thursday by Wells Fargo (WFC) and Gallup.

Synovus Financial in Columbus, Ga., has sold roughly $530 million of problem assets and expects to take a pretax charge of $155 million tied to the move.

Citizens Bank of Edmond in Oklahoma and BBCN Bancorp in L.A. rewarded workers by letting them film "Gangnam Style" videos — and customers and YouTube watchers dug 'em.

Joe L. Albritton, the longtime chairman and chief executive at Riggs National Bank in Washington, died of heart failure Wednesday in a Houston hospital, according to the Washington Post. He was 87.

BB&T (BBT) has created a new south Texas region and named a longtime employee as its president.

The Washington Business Hall of Fame recently inducted Eagle Bancorp CEO Ron Paul, and the World Affairs Council of San Antonio will fete Cullen/Frost CEO Dick Evans as its citizen of the year for 2013.

The House passed a bill by voice vote Wednesday that would exempt banks from sending out privacy notices to customers if the disclosures haven't changed from the prior year.

If U.S. banks can decrease costs in routine transactions, they will be able to serve mass segments more profitably and invest disproportionately in high-margin services for the affluent.

The good cop-bad cop routine works in bank M&A, says Prosperity CEO David Zalman, who misses his "good guy" Dan Rollins, who left for BancorpSouth.

Six Federal Home Loan banks have dramatically increased home loan purchases from their members and are selling the loans to Fannie Mae, filling the gap created when large aggregators like Bank of America exited the correspondent business.

The government's recent efforts to stimulate the economy are driving up prices for MBS, creating the potential of interest rate risk for banks that are struggling to make loans.

The prospects for a bill that would extend a program that provides a federal guarantee for certain business deposits are rapidly fading as Republicans prepare to offer a point of order designed to kill the measure.

Tax incentives and penalties drive behavior regardless of whether or not they represent sound economic reality. And banks will be asked to provide lending and investment support accordingly.

The chief operations officer at First Advantage Bancorp (FABK) in Clarksville, Tenn., will moonlight at the bank for the foreseeable future.

An Ohio bank's decision to balk at paying dividends to a private investor in its Troubled Asset Relief Program shares may reduce investor interest in future offerings. That could be bad news for the government in its bid to turn a buck on upcoming share sales.

The banking unit of FS Bancorp (FSBW) in Mountlake Terrace, Wash., has promoted two executives in an effort to strengthen oversight of credit operations.

Two community banks have repaid the Troubled Asset Relief Program.