Annapolis Bancorp (ANNB) in Maryland has repaid its Troubled Asset Relief Program funds in preparation for its sale to F.N.B. Corp (FNB).

BankUnited looked like a seller last year, but a secondary offering of nearly 20 million shares will let PE profit and should arm BankUnited with a more valuable currency for buying banks.

The U.S. District Court for the District of Columbia has sided with regulators in the decision to shutter United Western in 2011.

The Memphis, Tenn., company has been quietly hiring business lenders in key cities in North Carolina and Virginia and would consider selective acquisitions, CEO Bryan Jordan says.

Banks are preparing their bids for City National Bank of Florida and are expected to make offers in the next few days, according to a published report.

PNC Financial Services (PNC) plans to close 200 branches this year, or 6.5% of its domestic network, as part of a broad push to cut costs.

American International Group is building a unit to buy individual home loans amid a rebound in the housing market.

Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell about one-fifth of the company's outstanding stock.

Pacific Premier in Irvine, Calif., is buying San Diego Trust Bank for $30.6 million.

Debt buyer Encore Capital Group Inc. (NASDAQ: ECPG) announced it is acquiring debt buyer Asset Acceptance Capital Corp. (NASDAQ: AACC) in a deal valued at $200 million.

Private-equity firm Fortress Investment Group began to fulfill a long-range ambition when two of its affiliates – including Springleaf – agreed to pay HSBC $3.2 billion for a portfolio consumer loans.

The $1 billion-asset Pacific Mercantile said Tuesday that it would sell $2.2 million shares of common stock to private equity firm Carpenter Funds for roughly $14.8 million.

SI Financial Group (SIFF) in Willimantic, Conn., will buy Newport Bancorp (NFSB) in Rhode Island for roughly $61.3 million.

CEO Michael Corbat said Tuesday that the company's future lies in certain key emerging markets, but he also suggested that Citi could pull out of other countries that are dragging down its profits.

There's still a wide disparity between what buyers are willing to pay and what sellers are willing to accept, and the U.S. Bancorp CEO does not see that gap closing any time soon.

A Pennsylvania transportation agency has added new accusations to the securities lawsuit it filed against the $1.2 billion-asset Orrstown Financial Services (ORRF).

It could take another two years for Renasant to get close to its investor returns from before the crisis, and that's OK, CEO Robin McGraw says.

HSBC Holdings Plc plans to sell two portfolios of consumer loans in the U.S. for $3.2 billion in cash as part of a strategy to trim its U.S. operations.

Ray Grace, the acting banking commissioner of North Carolina, used humor to deflect some tough questions aimed at regulators about limits on bank startups.

HSBC agreed to sell a portfolio of U.S. consumer loans for $3.2 billion as it scales back its operations in the country.