John Linfante is stepping down as the chairman of Atlantic Coast Financial (ACFC), the latest leader to leave the Florida bank since investors rejected its sale to Bond Street Holdings.

Sellers will say rising rates makes them more valuable. Buyers will say the same trend makes sellers less valuable. Add this impasse to the list of complications for bank M&A.

Banking has lost its recruiting luster at a critical time. To attract the best, the industry must regain people’s trust.

The $7.2 billion-asset company auctioned $34.6 million in senior notes, it announced Monday. The notes carry an interest rate of 6%.

The chief executive of First Community Bancshares (FCBC) in Bluefield, Va., plans to step down.

The Securities and Exchange Commission has closed an investigation of Suffolk Bancorp (SUBK) in Riverhead, N.Y.

The brouhaha over a court ruling that debit card fee caps be lowered overshadowed another problem for banks: the decision could also enable merchants to play card networks against one another on signature debit transactions.

The $345 million-asset Broadway lost $228,000 in the second quarter, it announced Monday. It earned $1.7 million in the second quarter of 2012, when it recorded a $2.5 million profit from the sale of its former headquarters.

The chief financial officer of Intrust Bank in Wichita, Kan., is stepping down.

Anchor BanCorp Wisconsin (ACBW) in Madison has filed for bankruptcy in a bid to restructure its debt and recapitalize its struggling bank.

The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) decreased to 0.57% in Q2 2013 from 0.63% in Q2 2012.

First Data Corp. released its SpendTrend analysis for July 2-30, compared with July 3-31, 2012. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

I applaud the government's efforts to weed out bad actors, but I'm deeply concerned about the unintended consequences this could have on much needed financial services for underbanked people.

Congressional Bancshares of Bethesda, Md., has promoted to chief executive the former president of its Congressional Bank subsidiary.

Eric Schneiderman, New York's top law enforcer, filed a suit Monday against three online lenders and their owners, alleging that they violated usury laws by making loans that carry annual interest rates of between 89% and 335%.

Matt Hildreth has been named Dallas chairman and chief executive for the $13 billion-asset Amegy Bank in Houston, Amegy said Monday.

The Spokane, Wash., bank could not rename its two retail operations in California "Sterling" because of legal matters, so executives turned to their French-English dictionary for a unique substitute: "Argent."

Determined to stay independent, Allegiance Bancshares is looking for more deals like its recent one with Independence Bank so it can get big enough to go public. Other Texas banks could be attracted by the chance to join a soon-to-be public company.

Unable to secure additional funding, PerkStreet Financial announced Monday that it is closing its operations on Sept. 26. The Boston startup has been offering people checking accounts that reward customers for their debit card swipes.

The cost of doing business with the Federal Housing Administration could skyrocket if the agency adopts a new method for calculating lenders' liability for poorly underwritten loans that default.