J. Michael Cline will retire from his position as president and CEO role at the end of 2013, the $265 million-asset company announced Monday.

First Citizens Banc Corp (FCZA) in Sandusky, Ohio, plans to raise up to $25 million to redeem shares it originally issued as part of the Troubled Asset Relief Program.

The Federal Deposit Insurance Corp. has filed more lawsuits against the directors and officers of failed financial institutions in 2013 than in any year since the recession, according to a Cornerstone Research report released Monday.

Many regulators and pundits overlook the distinct difference between responsible lenders who offer a safe, reliable loan product, and unscrupulous lenders who commit fraudulent acts and scam consumers.

The financial lure of credit cards has become increasingly hard to resist for regional banks that exited the business several years ago.

King Bancshares in in Kingman, Kan., has merged its consumer finance unit, Western Credit, into its Citizens Bank of Kansas.

American Express, Wells Fargo and Citigroup are continuing to sell controversial credit card payment protection and monitoring services, even as the industry braces for a second round of regulatory crackdowns.

OnDeck, a New York-based online lender that makes small-business loans, announced Monday that it has raised $130 million in new debt funding.

Banc of California (BANC) in Irvine has acquired the investment advisory firm Palisades.

James Rohr plans to leave the board of directors of PNC Financial Services (PNC) in April, one year after stepping down as chief executive.

Hampden Bancorp sent a letter to shareholders urging them to reject as board members two candidates proposed by Clover Group, a Dallas hedge fund that controls about 6.8% of Hampden's voting rights.

NewDominion Bank in Charlotte, N.C., has promised to decide on applications for certain commercial loans within three days, or pay $3,000 toward closing, in hopes of speeding its own recovery.

PORTSMOUTH, N.H. – Service CU announced it has opened a branch inside the Walmart Supercenter in Hinsdale.

The Office of the Comptroller of the Currency shuttered the $3.1 billion-asset First National Bank in Edinburg, Texas, and it was sold by the Federal Deposit Insurance Corp. in a deal estimated to cost $637 million to the Deposit Insurance Fund.

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Provident New York Bancorp (PBNY) and Sterling Bancorp (STL) have reached a settlement with shareholders who alleged that Sterling's board violated its fiduciary duty and failed to disclose crucial information about the two companies' pending merger.

The Consumer Financial Protection Bureau made additional changes to its mortgage rules on Friday in an ongoing effort to respond to lender concerns, but refused to yield to pleas that it delay the January implementation date.

Keene Turner will succeed Frank Sanfilippo, who will become the $3 billion-asset company's chief operating officer, according to a Friday press release.

GE's consumer finance business has benefited from its parent firm's funding cost advantages and deep ties to U.S. retailers.

The vast majority of Americans believe that government policies favor big banks over the poor and middle class, according to a new survey from the Pew Research Center.