State Bancorp Inc. in Jericho, N.Y., said Wednesday that it redeemed $36.8 million of preferred stock issued to the Treasury Department as part of the Troubled Asset Relief Program.

Sturgis Bancorp Inc. in Michigan is suspending dividend payments to shareholders because management believes its strategy for propping up capital ratios by shrinking assets is no longer viable.

The community banking sector is starving for capital, and yet debate is dominated by complaints about regulatory burden. Instead, banks need to push regulators to let private equity investors assist small institutions.

Just when you thought all-stock deals were kaput, three recent deals proved otherwise. But they won't work for everybody in today's volatile markets.

RedRidge Finance Group said Wednesday that its RFG Fund I LLC acquired a majority interest in Excel Finance Holding Co., a consumer and auto loan provider.

Two independent advisory firms are recommending that shareholders at Brooklyn Federal Bancorp Inc. in New York vote in favor of the thrift company's plan to merge with Investors Bancorp Inc. of Short Hills, N.J.

Auto-loan delinquencies will remain at record lows next year, spurring more competition among lenders looking to expand their business, credit bureau TransUnion predicts.

WASHINGTON – The FDIC said today it approved the acquisition of Griffith (Indiana) Savings Bank by United FCU of St. Joseph, Mich., the first bank to be acquired by a credit union.

Despite recent sweet talk about building better relationships and regaining trust, few banks are taking meaningful steps to do either. It will take more than sympathetic ads, friendlier tellers or bonus credit card miles. This may require some time in therapy.

Shareholders for Herald National Bank of New York have until Dec. 21 to decide how they want to get paid in the proposed merger with BankUnited Inc. of Miami Lakes, Fla.

Activist investor John W. Palmer appears to have won his bid for a seat on the board of the $1.2 billion-asset HF Financial Corp.

U.S. Bancorp in Minneapolis has added two high-profile business leaders to its board of directors.

The FDIC has served as the receiver on 90 banks so far this year, well below analysts' expectations. Still, observers say another 200 banks are at risk of failure over the next two years.

Bucking an industry trend, Umpqua Holdings Corp. in Portland, Ore., is ramping up its commercial real estate lending to fill what it sees as a void in its markets.

FNB United Corp. in Asheboro, N.C., has met the requirements for continued listing on the Nasdaq after completing a one-for-100 reverse common stock split.

Hometown Bancorp in Kent, Ohio, has changed the name of its banking unit to Hometown Bank from Home Savings Bank.

The Federal Reserve on Tuesday announced written agreements with two banking companies.

Analysts weigh in on the prospects for FDIC-assisted bank deals in 2012.

On the verge of retirement, CEO Gary Base strikes his first-ever deal - and finds his replacement.

The outpouring of consumer anger that found an outlet in Bank Transfer Day could actually improve some banks' relationships with their customers.