Debt buyer Asset Acceptance Capital Corp. on Monday reported cash collections of $103.8 million, up 2.6% compared to the year-ago period.

Heartland Financial USA (HTLF) in Dubuque, Iowa, reported lower quarterly earnings as compensation expenses rose.

A breakdown of M&A announcements in the financial services industry for the week ended April 27.

Business Bancshares in St. Louis has exited the Troubled Asset Relief Program.

Higher interest income and wider margins lifted BNC Bancorp (BNCN) in the first quarter.

Two executives of the former Southern Community Financial in North Carolina claim that they were "unceremoniously fired" because they refused to surrender their severance deals before Capital Bank bought their company.

Capital problems at smaller banks are likely to push more of them to sell, and many of them should put their holding company through bankruptcy to facilitate deals, says Evan Tomaskovic, a partner at Carl Marks Advisory Group.

With a federal moratorium on commercial ownership of industrial loan companies coming to an end, the question of whether retailers and other nonfinancial firms should own banks has been turned on its head in the wake of the crisis and Dodd-Frank.

Frank Bisignano explains why he left his role as co-COO at JPMorgan Chase to become CEO of First Data, and what his plans are for the payments processor.

An increase in interest income and drop in expenses lifted Old National Bancorp (ONB) in Evansville, Ind., last quarter.

Former managers of Southern Community Financial have filed a lawsuit against Capital Bank Financial in Coral Gables, Fla., claiming that the companies' merger agreement violated their employment contracts.

JPMorgan Chase loses another top exec as co-chief operating officer Frank Bisignano leaves to run payment processor First Data. The move further consolidates power with Matt Zames, whose rapid ascent will in leave him as the sole COO.

Regulators shut down Douglas County Bank in Douglasville, Ga., and Parkway Bank in Lenoir, N.C. Between them they had assets of $425 million and will cost the Deposit Insurance Fund an estimated $105 million.

BNC Bancorp (BNCN) in Thomasville, N.C., plans to buy back its Troubled Asset Relief Program shares from investors who bought them in a Treasury Department auction last summer.

Patience is wearing thin among investors with banks' lack of prospects for producing returns, as a hedge fund official's call for the sale of American River in California shows.

HCBF will merge BSA Financial's $168 million-asset Bank of St. Augustine into Harbor Community Bank when the deal closes, the companies said Friday.

Hancock Holding in Gulfport, Miss., has raised the ire of analysts and investors in an unusual way — by unveiling a plan to cut costs over the next two years.

Iberiabank (IBKC) in Lafayette, La., eked out a profit in the first quarter despite a series of large charges. The $12.9 billion-asset company earned $697,000, compared with $19.4 million a year earlier.

Rising revenue propelled first-quarter results at Sterling Bancorp (STL) in New York. Earnings at the $2.8 billion-asset company rose 13% from a year earlier, to $5.3 million, or 17 cents a share.

Canadian Imperial Bank of Commerce's last two U.S. wealth-management acquisitions offer a "good range" of the size of the lender's appetite for future deals, CEO Gerald McCaughey said.