Ally Financial is selling its Canadian auto finance operation to Royal Bank of Canada (RBC) for $4.1 billion.

Synovus Financial (SNV) in Columbus, Ga., reported a slight uptick in third-quarter income from a year earlier as its credit costs declined.

Wilbur Ross, the billionaire who's taken stakes in distressed U.S. and European lenders, said he's interested in Spanish banking assets as the country takes steps to resolve bad loans stemming from its real-estate bubble.

BBCN Bancorp in Los Angeles has agreed to buy Pacific International Bancorp in Seattle.

Royal Bank of Canada, the nation's largest lender, agreed to buy Ally Financial's Canadian auto-finance and deposit business in a cash deal providing $4.1 billion in proceeds to Ally.

Want to sell your bank for the best possible price? It will pay to ride the merger wave early, dealmakers say.

A deal by TD Bank to buy Target's consumer credit card portfolio, which follows TD's acquisition of MBNA Canada late last year, will "significantly" expand the bank's card presence in North America.

Chemical Financial (CHFC) in Midland, Mich., managed to boost quarterly earnings with higher interest income and lower credit costs.

F.N.B. Corp. (FNB) in Hermitage, Pa., said late Monday it had agreed to buy Annapolis Bancorp (ANNB), which owns the Bank of Annapolis, for $51 million in stock.

Grandbridge Real Estate Capital, a wholly owned subsidiary of BB&T (BBT), is buying Dwyer-Curlett & Co., a commercial real estate finance firm based in Los Angeles.

It's senseless for most bank sellers to hold out for much more than 200% of tangible book value in today's world. It's better to sell early for a realistic price, experts say.

The New York-area thrift is benefiting from an effort to make more multifamily and commercial real estate loans and has no immediate interest in selling itself, CEO Monte Redman says in a wide-ranging Q&A.

Two proxy advisory services have recommended against a proposal for Hampden Bancorp in Springfield, Mass., to explore a possible sale.

Sterling Financial in Spokane, Wash., is buying American Heritage Holdings, the holding company of Borrego Springs Bank in La Mesa, Calif., for $6.5 million in cash.

Three banks failed Friday – including two in Florida – and will cost the Federal Deposit Insurance Corp. an estimated $86 million. Regulators seized the $200 million-asset Excel Bank in Sedalia, Mo.; the $159 million-asset GulfSouth Private Bank in Destin, Fla.; and the $67 million-asset First East Side Savings Bank in Tamarac, Fla.

First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.

First Niagara, a Buffalo, N.Y., company, has grown significantly through recent acquisitions but now it wants to cut expenses. Management plans to then reinvest those funds in fee-generating businesses.

Regulators have announced the winning bidder for assets of failed Tennessee Commerce Bank.

The director selection model for too many U.S. banks does not reflect the industry's risk profile realities of 2012.

E-Trade Financial's (ETFC) shares plummeted Friday after the company reported a $28.6 million loss for the third quarter as its provision for loan loss rose and revenue declined.