Asset Acceptance Capital Corp., a Warren, Mich.-based debt buyer, reported Friday cash collections for the second quarter ended June 30 increased 5.9% compared to the year-ago period to $89.2 million.

Toronto-Dominion Bank, which doubled its branch count over the past six years through a U.S. expansion, plans to cut expense growth by as much as half to offset a slowdown in its home market.

Integra Bank in Evansville, Ind., was closed by the Office of the Comptroller of the Currency, after fighting to survive for nearly two years.

After ripping off 11 straight quarters of losses, the Blairsville, Ga., company reported a second-period profit last week. That turned heads.

SCBT Financial Corp. in Columbia, S.C., which bought a failed bank and raised capital in February, on Friday posted its best quarterly results in two years.

Integration of rare find in Texas could be done by yearend, and Comerica will be "regimented" about future expansion, Babb says.

Market evolution in recent decades has made it harder and harder for smaller institutions to access capital. Meanwhile, regulatory restrictions impede alternatives that could fill the void.

The pressure is on Comerica CEO Ralph Babb to prove the deal, which closed Thursday, was worth it. American Banker offers him some free talking points.

Bolstered by its acquisitions of two failed banks, Columbia Banking System Inc. in Tacoma, Wash., said Thursday that it earned $8.6 million in the second-quarter, an increase of 119% from the same period last year.

Tennessee Commerce Bancorp has come up with a novel solution for settling a past-due loan made to another bank holding company: forgive the loan and take control of the borrower's two subsidiary banks.

Eagle Bancorp Inc. in Bethesda, Md., has agreed to acquire Alliance Bankshares Corp. in Chantilly, Va.

Don Adam’s American Momentum shifts from building to buying in Sunshine State.

PNC's purchase of two dozen Flagstar branches in Atlanta illustrates how the market for asset divestitures may be thawing as whole-bank transactions remain frozen.

United Federal Credit Union in St. Joseph, Mich., has agreed to buy Griffith Savings Bank.

UMB Financial Corp. in Kansas City, Mo., reported earnings of $26.3 million, up 14.4%, as credit costs fell and noninterest income jumped.

FirstAtlantic Bank said Wednesday that it had agreed to buy CenterBank in a deal that will combine two Jacksonville, Fla., banks.

Security Savings Bank in Southport, N.C., said that it has hired an Atlanta firm to help it explore strategic option, including a possible sale.

Jim Grant discusses public policy and industry consolidation.

Credit Suisse is expected to cut between 1,500 and 2,000 jobs, a Swiss paper reported, without naming sources. The official announcement is expected yet this week, when Credit Suisse posts its next quarterly results, according to The Neue Zuercher Zeitung (NZZ).

Royal Bank of Canada may spend as much as C$1 billion ($1.06 billion) to buy asset managers outside Canada as the country’s largest lender seeks to triple profit from wealth management in the next four years.