Bank profits reached a six-year high in the third quarter — and the increase in the bottom line wasn't just coming from declining provisions for loan losses.

Put aside the "doom and gloom" about the fiscal cliff and focus on the things banks having going for them in the long run, BB&T CEO Kelly King urges.

The Treasury Department raised more than $7 million from the sale of nearly 5.8 million warrants to purchase common stock in Zions Bancorp. (ZION).

Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., will raise roughly $30 million through a public offering of common stock.

BB&T in North Carolina and EverBank in Florida plan to focus primarily on integrating what they have already bought and organic growth, their CEOs said Wednesday.

New York's top financial services regulator is requiring the mortgage servicer to install a monitor for two years to oversee the company's practices, the state's Department of Financial Services announced Wednesday.

Solera National Bank in Lakewood, Colo., has recruited a team of 40 residential mortgage lenders as it starts to fulfill promises of growth after a regulatory setback.

New CEO Michael Corbat will cut 11,000 jobs, largely in Citi's global consumer banking division. The plan suggests Citi is hedging its strategy of being an omnipresent, upper-tier player in emerging markets.

A breakdown of M&A announcements in the financial services industry for the week ended Dec. 1.

The Stamford, Conn. financial services consultancy said it is acquiring Javelin for its work in mobile and multichannel banking, payments, security and fraud, among other expertise.

U.S. Bancorp will raise reserves for bad mortgages in response to a directive from Freddie Mac, CEO Richard Davis said. He also foresees a "difficult" next year in banking, and is cautious on M&A.

Alliance Bankshares' sale to WashingtonFirst Bankshares has been approved by regulators and endorsed by proxy advisory firms, but now comes the hard part: reaching its far-flung investor base.

Wells Fargo is still evaluating potential acquisitions, but the opportunities presented by the Euro crisis may no longer be available, according to the company's CEO.

The $630 million-asset company has agreed to buy Potomac Mortgage Group in northern Virginia for $19 million in cash and stock.

Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., has appointed a longtime financial manager as its chief financial officer.

The city of Cheyenne, Wyo. is considering writing off nearly one-quarter of a million dollars in uncollected accounts, some of it dating to the 1990s.

The $6 billion-asset company based in Indiana, Pa., said Monday it has appointed Jon Gorney as a director.

Bankers had long paid Equifax and the credit-services unit of Computer Sciences for the same credit reports. Now that they are poised to merge, banks could push for lower fees, experts say.

An online-bank board's appointment of John Keach Jr., a community banker who had to sell his bank this year, provides a ray of hope for industry veterans.