Chris Cumming

Unity Bancorp in Clifton, N.J., is set to redeem half of the preferred shares it issued through the Troubled Asset Relief Program.

First Citizens Bancshares (FCNCA) in Raleigh, N.C., reported a large increase in its quarterly earnings after the sale of a large portion of its processing-servicing business.

Quarterly profit rose at NASB Financial (NASB) in Grandview, Mo., on stronger credit quality and noninterest income.

A new study from Maritz Loyalty Marketing in Toronto found that a main driver of customer satisfaction with financial-services firms' loyalty programs is how easy they are to use, rather than the financial incentives they offer.

BancorpSouth in Tupelo, Miss., is offering early retirement to about 10% of its workforce in an attempt to cut costs.

National Bank Holdings in Greenwood Village, Colo., has created a specialty finance business to focus on middle-market companies.

Fifth Third Bancorp in Cincinnati is selling a $225 million stake in Vantiv (VNTV), its former subsidiary.

Banking technology firm SunGard has rolled out an ATM and card reconciliation system.

Monarch Community Bancorp in Coldwater, Mich., plans to raise $16.5 million through a private placement.

Firstbank in Alma, Mich., plans to redeem its remaining Troubled Asset Relief Program shares for $17 million.

Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.

Mauch Chunk Trust Company in Jim Thorpe, Pa., has renewed its contract with First Data.

Citizens Community Bank in South Hill, Va., has hired a new chief financial officer.

First National Bank Alaska in Anchorage has picked a 39-year veteran of the bank as its new president.

FNB Bancorp in South San Francisco, Calif., has partially repaid the funds it received under the Treasury Department's Small Business Lending Fund.

Shareholders of First Citizens Bancshares (FCNCA) rejected a proposal that would have limited the control of the family that has run the Raleigh, N.C., company for generations.

Bank of America (BAC) has agreed to pay the bond insurer MBIA $1.6 billion to settle a five-year-old dispute over losses related to soured mortgage-backed securities, according to news reports.

The Independent BankersBank in Dallas has hired a correspondent-relations officer to serve community banks in Michigan and Indiana.

Astoria Federal Savings in Lake Success, N.Y., has hired an HSBC executive to lead its retail division.

HomeTrust Bancshares in Asheville, N.C., has agreed to buy BankGreenville Financial in South Carolina.