Ally Bank said Thursday that it plans to sell a portfolio of mortgage-servicing rights to Quicken Loans for approximately $280 million. The loans have an unpaid principal balance of $34 billion as of Jan. 31 and are expected to be refinanced after the sale.

Yadkin Valley Financial (YAVY) in Elkin, N.C., is selling a branch to Union Bank & Trust Company in Oxford, N.C.

Banks often disclose the nature of their largest lending relationships in regulatory filings, and the level of detail is interesting. Here are some notable examples.

Quiet financial markets permit greater leverage and risk taking, helping lower volatility further — until a large shock arrives. Then, hold on to your hats… Plus: Fed raises bar on stress tests; why the exercise is an opportunity for banks.

PNC Financial Services Group (PNC) has named the next chief executive for its mortgage lending unit.

A push is on in Congress to reinstate a program that allowed small businesses to refinance commercial mortgages using government-backed funds.

Reps. Maxine Waters, Carolyn Maloney and 44 other lawmakers introduced a bill Wednesday to address numerous concerns about overdraft fees.

Cathay General Bancorp (CATY) in Los Angeles has repaid half the money it received through the Troubled Asset Relief Program.

Shareholders of ECB Bancorp (ECBE) have approved the Engelhard, N.C., company's sale to Crescent Financial (CRFN).

The current M&A cycle has its first cautionary tale in John Koelmel and his departure from First Niagara. The Buffalo bank expanded rapidly but erred in its deal for the HSBC branches.

Members of the House Financial Services Committee raised concerns Wednesday about the current business environment for small banks, pressing regulators about the lack of bank charters in recent years and the effect of new rules on the industry.

Holding companies facing looming debt maturities are exposed to the risk of a forced sale or possible forfeiture of the stock of their bank subsidiaries.

The next CEO at First Niagara Financial Group (FNFG), whether it ends up being interim leader Gary Crosby or someone else, will have his or her hands full overseeing the Buffalo company's comeback.

FDIC Vice Chairman Thomas Hoenig reiterated his hope Wednesday for a big-bank breakup, and said ending the Transaction Account Guarantee program did not result in significant deposit transfers.

LANSING, Mich. – Lake Trust CU, the state’s fourth-largest credit union, announced plans today to move out of the downtown and build a 100,000-square-foot headquarters in the nearby suburb of Brighton.

A former host of a Los Angeles-area radio show has been sentenced to 10 years in federal prison for running a scheme to defraud investors of millions dollars — including false statements to banks that received federal bailout funds.

Gary Crosby will receive $1 million once he finishes his stint at interim president and CEO of First Niagara in Buffalo, N.Y.

JPMorgan Chase plans to make changes to its automatic withdrawal policies to better protect its customers from aggressive payday lenders.

Director Richard Cordray recently suggested that the actions of debt collectors, credit reporting agencies and mortgage servicers — and banks' ties to them — merit extra regulatory scrutiny because consumers are at their mercy.

Lending to small and mid-sized enterprises and fee businesses like wealth management are the key to Zions Bancorp.'s growth plans, says its CEO Harris Simmons.