Mutuals also face a disadvantage with succession planning because they are unable to offer equity-based compensation. Instead, mutuals need to highlight cultural advantages that include a better quality of life and greater stability.

Coast Bancorp (CTBP) raised $6.8 million in capital through a private placement offering as it looks to grow after recently resolving a regulatory order.

The Delaware bank, which issues cards for a wide swath of the prepaid industry, will have to curtail its growth as part of an agreement with the FDIC.

Big and regional banks are embracing gay pride month, sponsoring festivals in New York, San Francisco and other major cities throughout June as well as sending employees and executives to participate in parades and promote an inclusive image to consumers.

The $7.4 billion-asset company announced this week that it is planning a branch in Greenville, S.C.

New York Attorney General Eric Schneiderman on Friday announced his support for a proposal in the state legislature to regulate prepaid debit cards used by employers to pay wages.

WASHINGTON — A bank subsidiary should be able to claim tax refunds resulting from the institution's losses even if its tax returns are filed by the holding company, the federal bank regulators said in guidance issued Friday.

The Justice Department has asked Citigroup for more than $10 billion to settle a probe into the lender's sale of mortgage-backed bonds in the run up to the 2008 financial crisis, according to a person familiar with the negotiations.

Citigroup (NYSE: C) is selling its consumer banking business in Greece as it part of its ongoing plan to scale back its operations in certain foreign markets.

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

The operators of a massive mobile cramming scheme will surrender more than $10 million in assets to settle Federal Trade Commission charges.

The Chicago Federal Home Loan Bank reaches agreement with Redwood Trust so member institutions can sell loans to the private-label issuer.

DBA International voiced support for the federal enforcement action against the owner of Florida-based debt buyer United Credit Recovery.

A home builder that offers home financing has settled FTC charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing critical information.

Green Dot (GDOT) said Thursday that it has hired a PayPal executive to become general manager of its mobile bank account, known as GoBank.

Luvleen Sidhu has been hired by her father -- Jay Sidhu, the head of Customers Bancorp -- to do something a lot of small banks would be afraid to tackle: develop Customers' own mobile banking software.

Since the recession, banks have gradually reinvested more and more of their liquidity in securities. A handful have taken this trend to the extreme, putting nearly all of their deposits into investments and lending almost nothing. While delivering consistent, low-risk profits, the model faces pressure from regulators and the economy.

Legislation aimed at allowing student loan borrowers to refinance their debt died in the Senate on Wednesday after it failed to get the required 60 votes needed to advance the bill.

The Ohio Supreme Court on Wednesday ruled that the state's payday lenders can keep making the short-term loans, reversing a judgment from the Ninth District (Ohio) Court of Appeals.

First National (FXNC) in Strasburg, Va., has formed a mortgage division.