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.

First Niagara (FNFG) Chief Executive John Koelmel, an aggressive bank buyer who described himself in basketball terms as a "shooter," fittingly lost his job on the eve of the March Madness tournament. Here's a look at his trajectory at the bank.

Western Alliance Bancorporation in Phoenix is looking for a new chief operating officer. Kenneth Vecchione will resign on April 5 to become the chief executive at another publicly traded financial services company, Western Alliance said Wednesday.

InvesTex Credit Union has agreed to acquire StarTrust Federal Credit Union, the troubled former Enron credit union, in a combination of Houston institutions.

William Houlihan, a former CFO for Hudson United Bank in Mahwah, N.J., will become the top financial officer at the $3.7 billion-asset Amalgamated, the company said Wednesday.

Capital One, Nationstar and Flagstar Bancorp are among 10 banks and servicers that have been slow to process payouts of insurance claims to homeowners hit by Hurricane Sandy, New York Governor Andrew Cuomo charged.

Fentura Financial (FETM) in Fenton, Mich., has turned a profit thanks to an improvement in its loan portfolio.

Bank of Virginia (BOVA) in Midlothian is committing more than $80 million to two programs involving federally backed debt.

Citizens Financial Group in Providence, R.I., has formed a health care banking group for Massachusetts, Connecticut and Rhode Island, according to a news report.

American Banker has opened the application period for a new program that will identify, recognize and honor the best places of employment in the banking industry.

Abolish the public/private hybrid model of Fannie and Freddie, sell or liquidate their businesses, and privatize the mortgage market. This can be done in an orderly way in a few easy steps.