Alan Kline

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.

A surge in mortgage lending powered Cardinal Financial (CFNL) in McLean, Va., to a $7.7 million profit in the first quarter, an increase of nearly 47% from the same period in 2011.

Two years after regaining its independence, First Republic Bank (FRC) in San Francisco is about to start a paying a dividend again.

The pace of bank failures will slow considerably this year as the industry continues to recover from the real estate bust, according to the acting head of the Federal Deposit Insurance Corp.

Fulton Financial (FULT) in Lancaster, Pa., said Tuesday that its first-quarter earnings climbed nearly 13% from the same period last year, to $38.1 million, as strong refinancing activity, improved asset quality and sharply lower funding costs more than offset sluggish commercial loan growth.

Pioneer Bank in Dripping Springs, Texas, has struck its first-ever acquisition, announcing Tuesday that it is buying the $28 million-asset Colorado Valley Bank in LaGrange.

Westamerica Bancorporation (WABC) in San Rafael, Calif., said Tuesday that its first-quarter earnings fell 6.2%, to $21.8 million, from the same period in 2011 as the company intentionally curtailed its lending in response to persistently low interest rates and fierce competition for quality loans.

Bank of America (BAC) is looking to sell its wealth management divisions outside of the U.S., Reuters reported Tuesday.

United Community Banks (UCBI) in Blairsville, Ga., has registered the preferred shares it issued to the Treasury Department as part of the Troubled Asset Relief Program for potential resale, a key step for banks that want to be included in any upcoming auctions of Tarp shares.

Northern Trust said Tuesday that its first-quarter profit climbed 7% over the same period in 2011 due largely to strong growth in custody and fees and improved asset quality, while rival custody bank State Street said its net income fell 10.5% as restructuring costs, litigation expenses and higher operating costs ate into profits.

WSFS Financial (WSFS) in Wilmington, Del., says that a discounted loan program it established late last year to help spur small-business expansion has been so well-received that the company is extending it through the end of June.