Corporate Insight's yearly awards for banks' online services show that financial institutions may have decided to throw all their eggs into the mobile basket to the detriment of their websites -something the firm warns is a mistake.

Bank Mutual Corp. is planning to close seven branches in Wisconsin.

The online loan marketplace Lending Club has formed a partnership with a nationwide network of community bankers.

Wilshire Bancorp in Los Angeles has agreed to buy Manhattan Bancorp's mortgage lending division.

The Puerto Rican bank faces a deadline to raise capital or sell itself. With recapitalization a challenging prospect, here's a look at how other scenarios could play out.

The Pennsylvania Department of Banking and Securities has freed Orrstown Bank in Shippensburg from all enforcement actions related to its recent credit troubles.

It's a mortgage on top of a mortgage, and at least one lender is making these loans again through brokers.

Orange County Business Bank in Irvine, Calif., is facing a proxy battle from a Dallas investment firm.

The $94 billion-asset company said in a press release Monday that it had hired Terry Jenkins as president of Key Private Bank. He is succeeding Tim Swanson, who will remain KeyCorp's chief investment officer.

Fee income and payment of a Home Loan bank advance helped Eagle Financial Services in Berryville, Va., boost its bottom line last quarter.

Ohio Valley Financial Group in Henderson, Ky., has merged with BankTrust Financial in Henderson.

Grand River Commerce in Grandville, Mich., has raised $10.7 million through a private placement.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Delanco Bancorp in New Jersey began trading on Friday on the OTC Markets Group platform.

Community Financial Corp. in Waldorf, Md., raised $23 million from a debt offering.

A long decline in loan-loss reserves hit a wall in the fourth quarter, as loan growth forced companies to set more cash aside than in recent quarters. An end to reserve releases, combined with higher costs and lower margins, are putting pressure on bankers to boost revenue.

Beneficial Bancorp in Philadelphia reported higher quarterly profit due to improving asset quality.

Sunshine Bancorp in Plant City, Fla., has agreed to buy Community Southern Holdings in Lakeland, Fla.

Banks stayed away from construction lending for years after it collapsed and contributed to the financial crisis. But low interest rates and other factors have gotten some developments off the ground, leading to construction lending's comeback.

The Massachusetts senator wants to induce more competition and diversity in the banking industry and improve the economic prospects of a majority of Americans. Both changes would benefit the financial services sector as a whole.