Alan Kline

Continuing its aggressive expansion in the Southeast, Renasant Corp. in Tupelo, Miss., has set up shop Tuscaloosa, Ala., and brought in two former BB&T Corp. to build up its customer base there.

TD Bank has hired 15 new employees at its Lexington, S,C., operations center and intends to add 20 more to support its growth along the East Coast.

Community groups in California are protesting Capital One Financial Corp.'s planned acquisition of ING Direct, saying the banks have done little to help low-income communities in a state that has accounted for a large chunk of their profits.

Community groups in California are protesting Capital One Financial Corp.'s planned acquisition of ING Direct, saying the banks have done little to help low-income communities in a state that has accounted for a large chunk of their profits.

American Express Co. has launched a new business credit card that places further emphasis on ad spending. The new card builds on Amex's recent efforts to attract small-business owners through their online advertising.

Rockland Trust Co. in Massachusetts has hired a team of asset-based lenders away from Webster Bank of Waterbury, Conn.

WSFS Financial Corp. in Wilmington, Del., has named a former executive at rival Wilmington Trust Corp. to a key management position.

A small mutual thrift in Maryland has won approval from state and federal regulators to convert to a publicly traded company.

Dearborn Bancorp in Michigan may need to restate its earnings for the quarter that ended June 30 pending the results of its latest examination by the Federal Deposit Insurance Corp.

Royal Bank of Canada in Toronto said Friday that it expects to take a $1.6 billion loss in the third quarter relating to the pending sale of its U.S. banking operations.

Investors may disagree, but BB&T Corp. Chairman and Chief Executive Kelly King believes that a slowing economy is not necessarily a bad thing for U.S. banks.

Great Southern Bancorp Inc. of Springfield, Mo., has received $57.9 million from the Treasury Department's Small Business Lending Fund and will use the proceeds to exit the Troubled Asset Relief Program.

Meridian Bank is finally making money again after three years of heavy losses.

Hampton Roads Bankshares Inc. in Norfolk, Va., announced Thursday that its president and chief executive officer, John A.B. "Andy" Davies has resigned to return to his management consulting practice.

Under pressure from its largest shareholder to beef up its capital base, Polonia Bancorp in Huntingdon Valley, Pa., has announced that it is planning to become a 100% stock-owned company.

Former top executives at LaSalle Bank are looking to start a bank that would acquire the assets and deposits of failed banks in and around Chicago.

Profits at State Bank Financial in Atlanta said its second-quarter profit fell 10% from the same period last year as gains in interest income were offset by higher expenses and an increase in its loan-loss provision.

Saehan Bancorp in Los Angeles has reported a profit in two straight quarters after losing more than $75 million in 2009 and 2010.

The investment firm Keefe, Bruyette & Woods Inc. is advising investors to stop dumping their shares in Westamerica Bancorporation.

Suffolk Bancorp in Riverhead, N.Y., is planning to restate its earnings for third and fourth quarters of 2010, as well as for the full year, after its audit committee determined that portions of the loan-loss provision it took in this year's first quarter should be applied to prior quarters.