Chris Cumming

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.

CoBank in Denver reported a decrease in quarterly profit as loan yields fell and provision for loan losses increased.

The Texas Bankers Association has selected Ignacio Urrabazo, the chief executive of Commerce Bank in Laredo, to become its new chairman.

BB&T (BBT) in Winston-Salem, N.C., will eliminate 14 regional presidents as it consolidates regional markets.

Flagstar Bancorp (FBC) in Troy, Mich., will pay $110 million to settle allegations that it misrepresented the quality of more than $1 billion of private label mortgage-backed securities it sold to investors.

The $1.6 billion-asset company said Thursday that Vincent Tozzi will also resign on May 31 as treasurer to pursue another opportunity.

Peapack-Gladstone Financial Corp. (PGC) in Bedminster, N.J., has hired a Morgan Stanley executive as its new risk head.

The Federal Reserve Board has hit a Wisconsin bank with an enforcement action, while lifting actions against two others.

Royal Bancshares of Pennsylvania (RBPAA) in Narbeth has ended a string of 18 straight quarterly losses.

ATM operator Cardtronics USA has purchased the assets of Aptus Financial, an ATM servicer based in Portland, Ore.

Sterling Financial in Spokane, Wash., has agreed to buy Commerce National Bank in Newport Beach, Calif.