First California Bank in Westlake Village, Calif., and an affiliated prepaid card provider must pay fines of over $1.7 million for how they used a reloadable card product to deliver federal benefits payments, the FDIC said Friday.

Eagle Bancorp (EGBN) in Bethesda, Md., claims that proxy advisory firm ISS made mathematical errors when it urged investors to vote against compensation for CEO Ron Paul and other officers.

The Michigan company is set to raise up to $100 million if the right acquisition is available. Analysts say in an erratic M&A market, it is better to be ready to raise capital than to raise it and wait.

Benjamin K. Olson, who was deputy assistant director in the CFPB's office of regulations, has joined the Washington office of BuckleySandler LLP as counsel, the law firm said this week.

The pace of expansion decelerated in April as bankers complained about competition for commercial loans and a slackening of consumer loan demand.

Freddie says its new "low-activity" fee will offset the cost of monitoring the loans it buys, but avoiding it could be a challenge for lenders in rural markets.

The Federal Deposit Insurance Corp. has taken enforcement actions against eight banks and freed 12 others from prior orders, according to a series of orders released Friday.

Net interest margins are complex beasts. During the last Fed tightening cycle, the yield curve turned negative and margins narrowed.

The threat posed by Google's new Gmail money transmission feature will put the onus on banks to deliver the ultimate person-to-person payments experience, which only they can provide.

Oxford Bank in Michigan has terminated its planned sale to Level One Bancorp due to regulatory delays and an improvement in Oxford's financial condition.

Clarkston Financial in Michigan has implemented a 10-for-1 reverse stock split.

BNC Bancorp in High Point, N.C., has agreed to buy Randolph Bank & Trust in Asheboro, N.C.

The Consumer Financial Protection Bureau has managed to take one of the most controversial provisions of the Dodd-Frank Act — a rule that would effectively redefine the mortgage market — and craft it in a way to please both the banking industry and consumer groups.

For the second year in a row, Harvard Illinois Bancorp and its management have prevailed in a proxy battle with activist investor Joseph Stilwell.

The Treasury Department plans to auction its remaining stakes in 16 banks as it continues to unwind its holdings from the Troubled Asset Relief Program.

Credit unions added 800,000 new members in the first quarter of the year, the best quarter ever for membership growth, the National Credit Union Administration said on Thursday.

Ally Bank notched the highest number of best practices among the nation's largest banks in the areas of disclosure, overdrafts and dispute resolution, according to a report released Thursday by the Pew Charitable Trusts.

First it was Jamie Dimon's cufflinks. Now JPMorgan Chase is cementing its reputation as a fashion-forward bank, with a Marie Claire article about Chief Financial Officer Marianne Lake.

Nancy Graves, who until last week served as assistant director of New Jersey's Department of Banking and Insurance, has joined Pascack Bancorp (PSBR) in Waldwick as president and chief executive.

New York's Department of Financial Services has reached a deal with several small specialty insurance carriers, triggering a statewide ban on force-placed insurance payments to banks.