Alan Kline

Making good on its promise to bulk up in asset management, City National Bank (CYN) in Los Angeles announced Wednesday that it is buying Rochdale Investment Management in New York and combining it with its asset management subsidiary.

Truman Bank of St. Louis has been undercapitalized since late last year and the Federal Reserve Board has issued a Prompt Corrective Action order saying said it has 90 days to either bolster its capital levels or find a buyer.

PNC Bank executive William S. Demchak has moved a step closer to the corner office now occupied by Chief Executive James E. Rohr.

Synovus Financial (SNV) is coming off its most profitable quarter in four years and now everyone wants to know when the Columbus, Ga., company plans to repay the Troubled Asset Relief Program.

The acquisition would add 15 branches and deepen penetration in key markets.

Roberto Herencia, chairman of First Bancorp in Puerto Rico and an ex-CEO of Banco Popular North America, is the investment group's leader.

Solid revenue growth and continued improvement in credit quality led Banner Corporation (BANR) in Walla Walla, Wash., to its most profitable quarter in at least five years.

Northwest Bancshares, of Warren, Pa., said Monday that earnings for the quarter that ended March 31 fell 12% from the same period last year, to $15.2 million, as low yields on loans suppressed interest income and losses on foreclosed property ate into noninterest income.

Shares of S&T Bancorp (STBA) fell sharply Monday after the Indiana, Pa., company reported first-quarter earnings that missed estimates by a wide margin.

Just days after telling investors and analysts that it is eyeing acquisitions of banks or asset management firms, City National Bank in Los Angeles has announced that it is buying...an equipment leasing company.

Bank of America's shares fell nearly 5% Friday after a prominent analyst put a sell rating on the stock and Bloomberg reported that B of A is one of nine banks being investigated by the new Consumer Financial Protection Bureau for possibly misleading customers on overdraft protection programs.

Park National (PRK) in Newark, Ohio, announced Friday that it will repay the $100 million it received from the government's Troubled Asset Relief Program by issuing new debt and reducing its short-term investments.

Glacier Bancorp (GBCI) in Kalispell, Mont., is off to a strong start in 2012 and its chief executive is optimistic that its performance will only improve as the company streamlines its operating structure and continues to shed problem assets.

City National (CYN) in Los Angeles is eyeing acquisitions of both banks and asset management firms and its chief executive has no preference for one over the other.

Associated Banc-Corp (ASBC) of Green Bay, Wis., is coming off its most profitable quarter since before the financial crisis.

TCF Financial (TCB) reported its first quarterly loss in 17 years Thursday after it restructured its balance sheet to eliminate high-cost debt.

The $4.7 billion-asset parent of Cole Taylor Bank swung to a $7.7 million profit in the first quarter from a $2 million loss in the same period last year, thanks largely to a surge in mortgage lending.

Fueled by acquisitions and strong organic loan growth, People's United Financial (PBCT) in Bridgeport, Conn., said Thursday that it earned $58.8 million in the first quarter, up 36% from the same quarter in 2011.

First Horizon National in Memphis said Thursday that its first-quarter profit fell l3% from the same period in 2011, to $30.5 million, as improvement in its banking and capital markets units could not offset steep losses in its defunct mortgage operations.

Astoria Financial (AF) in Lake Success, N.Y., said after markets closed Wednesday that its first-quarter earnings fell 64% from the same period a year earlier, to $10 million, due to higher deposit insurance premiums, an increase in its loan-loss provision, and $3.4 million in severance costs relating to recent staff cuts.