State regulators this afternoon approved the merger of Massachusetts State Employees CU, a troubled one-time $77 million credit union in Boston, into giant Metro CU in adjacent Chelsea, Mass.

Old National Bancorp (ONB) in Evansville, Ind., has named a former chief justice of the Indiana Supreme Court to its board.

Matthew Wagner, the company's CEO, says a decision to sell 10 branches to Opus Bank will help the usually acquisitive PacWest cut costs.

The Consumer Financial Protection Bureau took two major steps toward reshaping the nation's residential mortgage market Monday, proposing revised mortgage disclosure requirements as well as stricter limits on high-cost loans.

Eagle Bancorp's (EGBN) Ronald D. Paul is adding another job to his list of responsibilities.

Loans made through the Small Business Lending Fund continued their climb in the first quarter, rising by $433 million compared with the fourth quarter of 2011, the Treasury Department said.

First State Bank of St. Charles in Missouri is looking to expand into the Kansas City area with two new offices.

The Treasury Department will auction off its stakes in a dozen more banks as it works to aggressively wind down the Troubled Asset Relief Program.

In a bid to avoid the regulatory capture that's crippled other agencies, the Consumer Financial Protection Bureau is hiring outside the usual places and thinking outside the box.

The pressure to merge is strong. But plenty of small banks are still viable, and rushing to do a deal could be just as risky as waiting.

The Federal Deposit Insurance Corp. has terminated a consent order with Northwest Savings Bank that had required the Warren, Pa., bank to strengthen various parts of its consumer compliance management system.

Regulators became cautious about approving bank deals after the financial crisis, but now some buyers are getting approval to close their transactions more quickly.

PacWest Bancorp (PACW) in Los Angeles is experiencing life on the other side of the bargaining table after its bank agreed to sell 10 branches to Opus Bank.

Authorities are searching for Aubrey Lee Price, a former director of Montgomery Bank & Trust, on charges that he bilked investors out of $40 million since 2008.

The National Credit Union Administration announced Saturday morning the completion of its liquidation of WesCorp FCU, marking the end of the most costly failure in credit union history.

The Georgia Department of Banking and Finance closed Montgomery Bank & Trust in Ailey on Friday. Ameris Bank in Moultrie, Ga., agreed to assume all of the bank's $164.4 million in deposits.

Refinancing activity continued to climb over the last three months, as did the gap between consumer and secondary market prices. Expect banks to report another quarter of strong mortgage revenues in the coming weeks.

The acting chairman of the Federal Deposit Insurance Corp. said it is "difficult at this time to anticipate the consequences" of the possible expiration of the Transaction Account Guarantee program at the end of the year because of the uncertain economic climate.

Georgia regulators have ordered an Atlanta-area business to stop calling itself a credit union.

RBC Capital Markets recently added two bankers to its financial institutions practice.