A federal appeals court voided a $5.2 million settlement intended to resolve allegations that Encore Capital Group Inc. used false affidavits and other illegal tactics to collect debts.

JPMorgan Chase on Tuesday convened its top executives to discuss its growth strategies. Expansion will be hard as it cuts 17,000 jobs over two years, wrestles with new regulations and rethinks branching.

Bond Street announced Tuesday it would acquire Atlantic Coast Financial for roughly $13 million in cash, but 40% of the consideration is being set aside to handle any potential shareholder suits.

Oriental Financial Group (OFG) in San Juan, Puerto Rico, hopes a new name will reflect a recent expansion.

First Scottsdale Bank in Arizona is buying a larger lender in Tucson, the Phoenix Business Journal reported Tuesday.

Standard Bancshares in Hickory Hills, Ill., has completed a capital raise from private-equity firms and named two directors.

JPMorgan Chase (JPM) is selling off a chunk of its mortgage servicing operation to a Dallas company that specializes in servicing distressed debt.

After a four-year hiatus from M&A, Glacier Bancorp has agreed to buy a Wyoming bank and wants to do several more deals.

Cost consciousness appears to have an echo in the way banks are configuring their branch networks: the typical office holds more deposits than it used to.

Bond Street Holdings has agreed to pay a premium of nearly 50% for the struggling Atlantic Coast, the companies announced Tuesday. Atlantic Coast announced it was exploring the possibility of a merger more than a year ago.

Glacier Bancorp (GBCI) in Kalispell, Mont., has reached an agreement to buy Wheatland Bankshares Wheatland, Wyo.

FirstMerit (FMER) in Akron, Ohio, has named a president of its Michigan operations as it prepares to enter the state.

Too-big-too-fail worries in the U.S. make the full sale of Royal Bank of Scotland's Citizens Financial Group in Providence, R.I., highly unlikely, despite speculation about potential buyers.

A breakdown of M&A announcements in the financial services industry for the week ended February 23.

Michael Crowley Jr., the chief executive at Bank Mutual in Brown Deer, Wis., is stepping down after 45 years with the company.

Royal Bank of Scotland Group will signal next week it plans to sell a 15% to 25% stake in Citizens Financial Group in Providence, R.I., according to a person familiar with the plan.

The recent boom in mergers and buyouts in technology, transportation, food service and other sectors is creating more demand for leveraged loans provided and syndicated by banks.

Ken Lehman is buying outsized stakes in community banks, using his personal funds and often introducing himself to CEOs with a direct phone call.

First South Bancorp in Washington, N.C., is purging a series of bad loans.

The acquisition by TSYS of prepaid card company NetSpend means the payment processor will manage a delicate balance between being a vendor to banks and being a consumer-facing company.