The deal announced Tuesday follows the collapse of the bank's planned merger with C1 Bank.

Citigroup Inc (C). Chief Financial Officer John Gerspach said the lender's securities unit did well in January and that activity in trading and banking businesses looks similar to how last year began.

Ocwen Financial (OCN) is selling off parts of a company it recently purchased and another it expects to buy soon.

ConnectOne had a strong IPO on Tuesday, giving it more funding for loans and acquisitions.

The Freedom Bank of Virginia is planning to cash in on the anticipated consolidation of government contractors.

Interest-only home loans are viewed as somewhat risky by the Consumer Financial Protection Bureau, but that is unlikely to stop the San Francisco bank from making them, its CEO says.

Quick decision-making, cash on hand and dedicated employees are musts for successful buyers of loan pools, experts said in analyzing CIT's recent purchase of $1.2 billion of loans.

HopFed Bancorp in Hopkinsville, Ky., is bolstering its presence in neighboring Tennessee with a deal to buy Sumner Bank & Trust in Gallatin.

BNY Mellon is facing a $900 million tax bill after a U.S. judge rejected its attempt to claim hundreds of millions of dollars in foreign tax credits.

A breakdown of M&A announcements in the financial services industry for the week ended February 9.

CEO Hugh Potts says the Mississippi company's sale to Renasant will help investors recoup 75% of 2006 value.

The value of leveraged loans that changed hands fell last year, but a close look shows other measures of liquidity improved.

Asta Funding Inc. on Monday reported net income for the first quarter fell from the year-ago period while total revenue increased.

The Nevada Financial Institutions Division has awarded NCS Plus Inc., doing business as RecoverHoaDues.com, a license to act as a collection agency for homeowners associations in Las Vegas.

Fourth-quarter interest income and margins rose at Park Sterling (PSTB) in Charlotte, N.C., after an acquisition that doubled its assets.

The company has removed 'North Jersey' from its name and is seeking capital for possible acquisitions. Analysts meanwhile believe New York makes sense for expansion.

Robin McGraw, chief executive of Renasant in Tupelo, Miss., celebrated his deal for First M&F and the University of Mississippi football team's recruiting coup.

Renasant's willingness to pay a premium for First M&F, a small bank in the Deep South, indicates just how hungry banks are to put capital to use.

Breaking up the biggest banks would be futile, onetime Citigroup (NYSE:C) eminence and former Treasury Secretary Robert Rubin said on Thursday.

Darrell Fletcher is leader of the Columbus, Ohio, company's new commodities hedging service and its third specialty hire from another bank in recent months.