LegacyTexas Bank is majority-owned by the family of Carroll Shelby, who famously partnered with Ford Motor Co. to produce the Shelby Mustang muscle car. LegacyTexas has agreed to merge with another bank, but the family will remain involved.

American Banker's digital news coverage took top honors at the 2013 Eddie & Ozzie Awards Thursday.

As consumer groups turn their attention to smaller institutions, they bring lending disparities to regulators’ attention. The regulators seem to take these issues more seriously than during bank megamergers’ heyday.

Toronto-Dominion Bank (TD), Canada's second-largest lender, said fiscal fourth-quarter profit rose 1.3 percent as domestic retail banking and wealth-management earnings increased.

Royal Bank of Canada said Chief Executive Officer Gordon Nixon will retire next year as the nation's largest lender reported fiscal fourth-quarter profit that beat analysts' estimates on gains in investment banking and consumer lending.

The Internal Revenue Service needs to do more to expand use of the Internet by taxpayers to arrange Online Payment Agreements with the agency, according to a new report from the Treasury Inspector General for Tax Administration.

General Motors is planning to sell a 9.9 percent stake in Ally Financial Inc., the auto lender majority owned by U.S. taxpayers, according to a person with knowledge of the transaction.

Banco Sabadell in Spain has agreed to buy JGB Bank in Miami.

Patriot Financial Partners, a Philadelphia PE firm that specializes in community banks, has agreed to buy more than 1.5 million shares of Banc of California for $13.25 each, a price 6% higher than the company's Tuesday closing price of $12.46 a share.

The Treasury Department estimates that it made more than $13.1 million from the sale of warrants in Cathay General Bancorp (CATY).

ViewPoint Financial Group is acquiring LegacyTexas in hopes of creating a large community bank solely focused on the greater Dallas-Fort Worth metropolitan area, bucking a 2013 trend in Texas and across the country of using M&A to enter complementary markets.

The Treasury Department was set Tuesday to sell the warrants it held in Cathay General Bancorp (CATY) in Los Angeles.

Industry observers note how quickly Thoma Bravo LLC made a profit on a company it just acquired in August, and call the purchase a coup for NCR that could help it satisfy a technical need among banks: better consistency among channels.

American Momentum Bank in Tampa, Fla., is seeking regulatory approval to move its headquarters to College Station, Texas.

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

Heartland Financial USA's unusual acquisition of Freedom Bank in Sterling, Ill., seems to be more about collecting on a debt than strategic M&A. Such moves are uncommon but have happened in the last few years — and they can work.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

BALTIMORE — Advance Bank shareholders have approved the proposed sale of the institution to Municipal Employees CU of Baltimore, and the credit union will take control of the bank Dec. 12.

The $126 billion-asset company plans to redeem the notes, and pay about $10.3 million in unpaid dividends, on Dec. 30, it announced last week.