The Fed's approval marks the first time a prepaid card company has been allowed to buy a bank. Fed Gov. Duke objected, warning that the deal was too risky.

Bank of the Carolinas Corp. in Mocksville, N.C., said that its chief financial officer, Eric E. Rhodes, has resigned from the company.

Waccamaw Bankshares Inc.'s stock was delisted from the Nasdaq after the company said it could not complete its delinquent financial statements.

BNC Bancorp in Thomasville, N.C., announced Wednesday that it would close four of the 10 branches it inherited last month when it acquired the failed Blue Ridge Savings Bank of Asheville, N.C.

Mission Community Bank in San Luis Obispo, Calif., has named Tom L. Dobyns, a longtime California community banker, as its new chief executive.

Mary Lynn Lenz will lose her job as CEO of Professional Business Bank after it merges with another California bank. In the bank M&A world, that's a compliment. More opportunities await turnaround artists like her in deals-rich California.

Big banks can win on price, but small banks say commercial lending is too attractive to give up on. Some community bankers are hunting for customers that bigger banks might discount and for loan officers displaced by M&A.

As Dodd-Frank regulations come into focus, critics say they're complex to the point of being unworkable. Here's a simple solution.

WASHINGTON — A Tennessee bank owner must get prior Federal Reserve approval to pay dividends or increase debt.

First Midwest Bancorp Inc. in Itasca, Ill., has completed the sale of $115 million in senior notes and will use the proceeds to exit the Troubled Asset Relief Program.

Two Los Angeles community banks largely owned by the same investment group are planning to merge - the latest in a string of deals between California banks.

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Bridge Bancorp Inc. in Bridgehampton, N.Y., said late Monday that it will raise up to $10 million by selling common stock.

Heightened regulation is forcing more bank buyers to overhaul their entire computer platform as regulators zero in on a greater need for compliance.

Webster Financial Corp. in Waterbury, Conn., received court approval to settle longstanding litigation over a condominium project in Columbus, Ohio, that had previously resulted in an almost $19 million verdict.

In the last three months of 2010, banks, credit unions and other lenders made $12 billion of Small Business Administration-backed loans, the most in any quarter in the SBA's history and more than double the volume in any quarter over the last four years.

First Northern Community Bancorp in Dixon, Calif., said Monday that it had exited the Troubled Asset Relief Program after repurchasing a stock warrant from the Treasury Department.

Shares of Anchor BanCorp Wisconsin Inc. have been removed from the Nasdaq exchange and are now trading over the counter.

Cathay General Bancorp in Los Angeles has added a former KPMG consultant to its board.