Chris Cumming

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.

D.A. Davidson has agreed to buy the Los Angeles broker-dealer and money-management firm Crowell, Weedon & Co.

The investors would inject $50 million into the struggling lender, the bank said Monday. U.S. Century would also sell its nonperforming loans, which totaled $95 million at March 31, to "unrelated third parties" for an undisclosed price.

Opus Bank in Irvine, Calif., has agreed to buy four branches from Zions Bancorp.'s (ZION) California subsidiary.

First Busey Bancorp (BUSE) in Champaign, Ill., reported a dip in quarterly profit as lending revenue fell and expenses rose.

BOK Financial Corp. in Tulsa, Okla., reported a higher first-quarter profit due to loan recoveries and higher fee income.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a 34% decline in quarterly profit as it waits for regulators to approve its sale to M&T Bank (MTB).

Fifth Third Bancorp (FITB) has hired Citigroup (NYSE: C) executive Maria Veltre as its new chief marketing officer.

Investors Bancorp (ISBC) in Short Hills, N.J., reported as rise in quarterly profit as its loan portfolio grew.

Intuit Financial Services has released a tablet banking app for the Android operating system.

Heartland Financial USA (HTLF) in Dubuque, Iowa, reported lower quarterly earnings as compensation expenses rose.