Bexil American Mortgage said Thursday it has completed its purchase of Castle Mortgage Corp. in Vestavia Hills, Ala.

Citigroup head Michael Corbat reorganized the bank's top ranks this week, after taking over in October. Here are 13 of the other executives affected.

Hanmi Financial (HAFC) has hired an investment bank to help it explore options that could include the sale of the Korean-American bank.

Hanmi Financial Corp. (HAFC), the second-largest U.S. bank catering to Korean-Americans, is looking for a buyer and hired DelMorgan & Co. to advise on a sale, said three people with knowledge of the matter.

Intermountain Community Bancorp (IMCB) of Sandpoint, Idaho, is now trading on Nasdaq.

Accounting-related gains are dwindling for many acquirers of failed or troubled banks. Their alternatives include cutting costs — or buying again.

A neighborhood association wants regulators to stop the company and CEO John Kanas from expanding in New York.

FirstMerit (FMER) of Akron, Ohio, has chosen a veteran banker in the upper Midwest to manage its newly acquired business in Michigan.

Bank of America's need to downsize continues to benefit small banks, as Old National acquires branches with $780 million of deposits in two states.

Morgan Stanley (MS), the sixth-largest U.S. bank by assets, plans to cut about 1,600 jobs from its investment bank in coming weeks, a person familiar with the matter said.

William B. Harrison Jr., who helped create JPMorgan Chase, on Tuesday offered a resounding defense of megabanks and the good he said they do for customers and investors.

Regional banks and other new investors helped quadruple CLO issuances to $55.2 billion last year. The boom is expected to continue in 2013.

The $2.5 billion-asset bank, which already makes home loans in Minnesota, said Tuesday that it is bulking up in the state by acquiring The Business Bank in Minneapolis and its mortgage subsidiary, Prime Mortgage.

Shelter Insurance joins the growing list of insurers that are unwinding their banks amid mounting costs related to Dodd-Frank.

Consolidation among bank dealmakers continues as Houlihan Lokey acquires Milestone Advisors. The combined firm has 28 bank M&A advisors and will try to hire more amid upheaval in investment banking.

The Charlotte bank says Monday's settlement is a significant step toward resolving its crisis-era woes, but other legal risks — particularly in connection with private-label mortgages — remain.

Union Bank will close 15 branches in central and southern California, including some locations recently acquired from Pacific Capital Bancorp.

A breakdown of M&A announcements in the financial services industry for the week ended January 5.

Shelter Insurance joins the growing list of insurance companies to unwind its bank after it faced having more than $1 million in annual costs tied to Dodd-Frank.

The acquisition of nearly $800 in commercial loans provides a productive use for the spare cash on CIT's balance sheet, analysts say.