Hanmi Financial (HAFC) has hired an investment bank to help it explore options that could include the sale of the Korean-American bank.

Hanmi Financial Corp. (HAFC), the second-largest U.S. bank catering to Korean-Americans, is looking for a buyer and hired DelMorgan & Co. to advise on a sale, said three people with knowledge of the matter.

Intermountain Community Bancorp (IMCB) of Sandpoint, Idaho, is now trading on Nasdaq.

Accounting-related gains are dwindling for many acquirers of failed or troubled banks. Their alternatives include cutting costs — or buying again.

Center Bancorp hopes it can get business referrals from the partnership, providing more evidence that banks are getting creative to generate revenue.

PNC said in a SEC filing Wednesday that it will record nearly $500 million in charges in the fourth quarter, more than half of which are related to its repurchase of troubled mortgage loans it had previously sold to Fannie Mae and Freddie Mac.

A neighborhood association wants regulators to stop the company and CEO John Kanas from expanding in New York.

Giving regulators more levers to pull and buttons to push with respect to the financial system only creates a false sense of security. The new regulatory powers come with few meaningful accountability checks.

FirstMerit (FMER) of Akron, Ohio, has chosen a veteran banker in the upper Midwest to manage its newly acquired business in Michigan.

ERIE, Penn. – Erie FCU won the bidding today to acquire Glenwood Elementary School, shuttered by city officials in a cost-cutting move last year, for a potential new headquarters and branch.

Banks with Alabama ties capitalize on the home team's national championship in college football — fast.

Bank of America's need to downsize continues to benefit small banks, as Old National acquires branches with $780 million of deposits in two states.

Blackstone Group LP, the largest U.S. private real estate owner, accelerated purchases of single-family homes as prices jumped faster than it anticipated.

Morgan Stanley (MS), the sixth-largest U.S. bank by assets, plans to cut about 1,600 jobs from its investment bank in coming weeks, a person familiar with the matter said.

William B. Harrison Jr., who helped create JPMorgan Chase, on Tuesday offered a resounding defense of megabanks and the good he said they do for customers and investors.

TAMPA, Fla. – Grow Financial FCU, fresh off a new branch opening in downtown Tampa, announced plans this morning to open three additional branches this year.

Alvin Kang, the CEO of BBCN, has created the nation’s biggest Korean-American bank. Here are five noteworthy examples of banks where minorities own more than 51% of outstanding shares.

The $13.2 billion-asset company said Tuesday it has joined with prepaid card manager TransCard to offer a MasterCard prepaid debit card as an alternative to traditional checking accounts.

JPMorgan Chase (JPM) Chief Executive Jamie Dimon has left the board of the Federal Reserve Bank of New York, more than six months after lawmakers called for his resignation because of JPMorgan's multibillion-dollar trading scandal.

CORNING, N.Y. – Corning CU has purchased the former Tower Bank branch in Chambersburg and will convert it into one of its own service facilities.