John Koelmel will receive a severance package from First Niagara Financial Group (FNFG) that is 38% smaller than previous reports had indicated.

The Office of the Comptroller of Currency has terminated a written agreement with Coastal Banking in Beaufort, S.C.

United Community Financial in Youngstown, Ohio, blamed its second-quarter loss on an accounting matter.

A steady stream of subpoenas, crackdowns and settlements involving big banks indicates that regulators are continuing to work through a big backlog of cases related to the housing downturn and financial crisis. Other investigations involve brand new issues, like payday lending and debt collection. One certainty: For banks litigation risk keeps on rising.

New York’s banking regulator issued subpoenoas to about two dozen companies associated with bitcoin as it looks into the virtual-currency industry, the Wall Street Journal reported, citing people familiar with the matter.

GLOVERSVILLE, N.Y. – Fulton County FCU will open a branch inside the new Walmart Supercenter Wednesday.

Bank of Wausau was shut down by Wisconsin regulators Friday.

Roma Financial (ROMA) in Robbinsville, N.J., swung to a loss in the second quarter thanks to a check-kiting scheme.

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

Deal activity was hottest in the Southeast and Midwest, Stifel and KBW moved up in the advisory rankings after combining forces and a BankThink point-counterpoint addresses the taboo subject of whether bank mergers are worth doing.

Jacksonville Bancorp (JAXB) in Florida recorded its second straight quarterly profit as it continues to clean up its loan portfolio.

Prosperity Bancshares is finding that its recent deals — which allowed the Houston company to expand in highly coveted businesses such as private banking and cards — are producing a nice boost to fee income.

The $902 million-asset company said Friday that it plans to shut down First Financial Diversified, which provides escrow services to First Financial and other customers.

Consolidation is needed to help the economy because there are too many banks, argues the author, a longtime bank investor. Many parties benefit from deals, and any return for the seller is better than producing poor results or being seized by regulators.

As the pace of the GSE reform efforts appears to be quickening, we offer the following frequently asked questions about what the Obama administration wants, widening Democratic support for a bill, and when GSE reform is likely to happen.

Bryn Mawr Bank (BMTC) in Pennsylvania and MidCoast Community Bancorp in Wilmington, Del., have terminated plans to merge.

Orient Bancorp in San Francisco named Richard Cupp, a well-known California banker and turnaround specialist, its permanent chief executive five weeks after he joined as interim CEO.

Customers Bancorp (CUBI) in Wyomissing, Pa., has opened a loan production office in North Philadelphia with the goal of providing affordable loans to lower-income minority communities.

Carver Bancorp (CARV) in New York reported its third consecutive quarter of profitability, reflecting lower expenses and higher income from asset sales.

Triumph Bancshares in Germantown, Tenn., has agreed to buy two mortgage businesses from Merchants & Planters Bancshares in Bolivar, Tenn.