As part of its ongoing effort to bolster its capital base, embattled Capitol Bancorp Ltd. is selling its ownership stake in an Ohio bank it co-founded to a group of local investors.

MidSouth Bancorp Inc. said Tuesday it will buy First Louisiana National Bank for $11.5 million in cash and 725,000 shares of common stock.

Emdeon Inc. plans to secure a $1.2 billion covenant-lite term loan to help finance its $3 billion buyout by Blackstone Group.

The FDIC is objecting to Bank of America's proposed $8.5 billion mortgage-bond settlement with investors, joining investors and states that are challenging the agreement.

Private equity firms and hedge funds are forcing the banks they invest in to clean up problem loans, and it's starting to show in the data.

Comerica is eliminating roughly 300 jobs in Houston in connection with its July acquisition of Sterling Bancshares.

Bank of Commerce Holdings in Redding, Calif., has beefed up its payroll processing capabilities by acquiring a small payroll firm in its hometown.

Verizon Wireless, AT&T Inc. and T- Mobile USA plan to invest more than $100 million in their joint venture that lets consumers pay for goods with mobile phones, people with knowledge of the project said.

In a widely anticipated move, Bank of America Corp. announced Monday morning that it is selling half of its stake in China Construction Bank to a group of investors for $8.3 billion.

Bank of America Corp. agreed to sell about half its stake in China Construction Bank Corp. for cash proceeds of about $8.3 billion, a deal that further improves the bank's liquidity position and helps it meet regulatory standards.

Two of Greece's largest lenders, Alpha Bank SA and EFG Eurobank Ergasias SA, Monday announced plans for a merger that would create the country's largest bank, in a bid to address mounting problems in the Greek banking sector.

Remember that fuss about the dire danger of having an unknowable but evidently substantial number of banks that are Too Big to Fail? The message was: "Stop that!"

The Federal Reserve Board said Friday it will hold three public hearings on Capital One Financial Corp.'s proposed $9 billion purchase of online bank ING Direct USA.

Under orders from its regulators to boost a key capital ratio, Pacific Mercantile Bancorp in Costa Mesa, Calif., announced that it has already raised $11.2 million of fresh capital and has a deal in place to raise $27.3 million more.

Failure to review vendor contracts when acquiring another bank can lead to extra costs and prolonged conversions.

Old National Bancorp in Evansville, Ind., announced Friday that it is shuttering nine of the 52 branches it inherited when it took over the failed Integra Bank and will move the accounts to nearby offices.

Opportunistic community banks in south Florida have seen a dramatic increase in new customers because of a contraction of banks caused by failures and mergers.

Royal Bank of Canada posted a third-quarter loss on charges related to the sale of its U.S. retail bank, but earnings from continuing operations jumped 13%, reflecting solid volume growth against a backdrop of slowing economic growth.

If only Bank of America's cuts were the end of it.

Freddie Mac purchased $21.7 billion of mortgages from its seller/servicers in July, its worst acquisition month of the year and only about half of what it bought in January.