Suffolk Bancorp (SUBK) in Riverhead, N.Y., will record a pretax gain of nearly $4 million in the third quarter after selling shares in Visa.

Hanmi Financial (HAFC) in Los Angeles has hired Bonita Lee, a recently departed executive from BBCN Bancorp (BBCN), as its chief operating officer.

It’s not often that early warnings of future challenges are clear, but it seems that rising interest rates will soon stress a collections operation. Fortunately, with data analytics, firms can prepare and leverage recent gains in compliance and customer experience so that rising delinquencies don’t drive inefficiencies or unnecessary cost increases.

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Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., has agreed to repurchase the stock warrants it issued through the Troubled Asset Relief Program.

WASHINGTON — Regulators seized a $265 million-asset bank based in Fort Myers, Fla., late Friday and sold its operations in a deal protecting all of the failed bank's depositors.

Unlike their bigger competitors, smaller banks are resisting the temptation to pare staff or close mortgage production offices because they still see an opportunity to nibble away at large banks' market share.

The Treasury Department plans to sell shares in five community banks for a discount of approximately 60%.

A group of technology companies is working to build digital currencies into Web browsers, a move that could help payment methods such as Bitcoin thrive.

The $7.2 billion-asset company will auction between $15 million and $35 million of senior notes, it announced Friday.

KeyCorp (KEY) has sold its asset management and broker-dealer businesses for more than $50 million less than originally anticipated.

HSBC may say first-half profit rose 13% as bad loans in the U.S. shrank after Chief Executive Officer Stuart Gulliver sold assets to focus on more profitable markets.

Improved loan quality is allowing banks to reduce provisions, but industry experts believe that option may soon be tapped out.

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

The Federal Reserve Board has terminated an enforcement action against Eastern Virginia Bancshares in Tappahannock and has fined Blencoe State Bank in Iowa.

Pacific Trust Bank in Los Angeles has exercised its option to buy CS Financial in Beverly Hills, the bank said in a regulatory filing. Jeffrey Seabold, the managing director of Pacific Trust's residential lending division, is a majority owner of CS.

Bank of America said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings, signaling the firm faces another round of legal battles tied to home loans and underwriting.

This is a work of fiction. Any resemblance to real merchants, bankers, lobbyists, or politicians, living or dead, is purely coincidental.

A U.S. district court has halted a collection operation that allegedly extorted payments from consumers by using threats of lawsuits and calculated campaigns to embarrass consumers by unlawfully communicating with family members, friends and coworkers.

Carrollton Bancorp (CRRB) announced Thursday that its chief financial officer had resigned from the company roughly 75 days after it hired him.