Ally Bank said Thursday that it plans to sell a portfolio of mortgage-servicing rights to Quicken Loans for approximately $280 million. The loans have an unpaid principal balance of $34 billion as of Jan. 31 and are expected to be refinanced after the sale.

Yadkin Valley Financial (YAVY) in Elkin, N.C., is selling a branch to Union Bank & Trust Company in Oxford, N.C.

Shareholders of ECB Bancorp (ECBE) have approved the Engelhard, N.C., company's sale to Crescent Financial (CRFN).

The current M&A cycle has its first cautionary tale in John Koelmel and his departure from First Niagara. The Buffalo bank expanded rapidly but erred in its deal for the HSBC branches.

Holding companies facing looming debt maturities are exposed to the risk of a forced sale or possible forfeiture of the stock of their bank subsidiaries.

The next CEO at First Niagara Financial Group (FNFG), whether it ends up being interim leader Gary Crosby or someone else, will have his or her hands full overseeing the Buffalo company's comeback.

Gary Crosby will receive $1 million once he finishes his stint at interim president and CEO of First Niagara in Buffalo, N.Y.

First Niagara (FNFG) Chief Executive John Koelmel, an aggressive bank buyer who described himself in basketball terms as a "shooter," fittingly lost his job on the eve of the March Madness tournament. Here's a look at his trajectory at the bank.

InvesTex Credit Union has agreed to acquire StarTrust Federal Credit Union, the troubled former Enron credit union, in a combination of Houston institutions.

VION Receivable Investments is offering for sale a $1.28 billion portfolio of charged-off loans - including $880 million in late-stage agency recall accounts.

Bank of Virginia (BOVA) in Midlothian is committing more than $80 million to two programs involving federally backed debt.

Citizens Financial Group in Providence, R.I., has formed a health care banking group for Massachusetts, Connecticut and Rhode Island, according to a news report.

HSBC Holdings Plc, Europe’s largest bank, plans to sell its Canadian store card unit to Toronto-Dominion Bank as it closes its consumer-finance business in the country.

First PacTrust Bancorp (BANC) in Irvine, Calif., is delaying the filing of its annual report after switching auditors and seeing several top executives leave in recent months.

LNB Bancorp in Lorain, Ohio, has retired a large chunk of its bailout money by offering its owners common stock.

Enterprise said Tuesday that its banking subsidiary has reached a deal to buy Gorman & Gorman Home Loans, a division of F&M Bank and Trust in Hannibal, Mo.

The Buffalo, N.Y. company has struggled to gain traction from last year's purchase of more than 100 HSBC branches.

First Niagara (FNFG) in Buffalo, N.Y. is looking for a permanent chief executive following the abrupt departure of John Koelmel.

Insurers, private-equity firms and others could swoop in and take underwriting and syndication business (and employees) from banks held back by new capital requirements.

First Financial Corp. (THFF) of Terre Haute, Ind., is buying seven branches and two drive-up locations in Illinois from Bank of America (BAC).