Chris Cumming

Bank of the Ozarks (OZRK) in Little Rock, Ark., reported higher quarterly earnings because of higher mortgage income.

Flagstar Bancorp in Troy, Mich., has added two key executives: Hugh Boyle, a former chief risk officer at Washington Mutual, will have the same job at Flagstar; and Michael Flynn was hired as the company's general counsel.

M&T Bank's purchase of Hudson City Bancorp faces a lengthy delay after regulators raised concerns about M&T's compliance with anti-money-laundering rules.

The Securities and Exchange Commission is pressing large banks like Citi, B of A and JPMorgan to provide investors with more accurate information about structured notes, complex securities that are often sold to wealthy individuals.

Polaris Financial Technology has opened a financial-technology design center in Chennai, India.

In an eventful earnings announcement, the company also reported a big jump in profits and disclosed more details about a fraud scheme perpetrated by a warehouse-lending partner.

Commerce Bancshares in Kansas City, Mo., reported lower quarter earnings because of lower interest rates.

Companies that trade the digital currency Bitcoin for dollars have suffered from disruptions and lags as the exchange rate has whipsawed.

CrossFirst Holdings in Leawood, Kan., has wrapped up a $22 million private placement.

A new report recommends that banks should add prepaid cards to their products if they want to attract younger customers.

The South African banking-security firm Entersekt has joined a group of companies seeking to develop alternative methods of online authentication.

Astoria Financial (AF) in Lake Success, N.Y., is planning to redeem $125 million in debt.

Century Bancorp (CNBKA) in Medford, Mass., reported higher first-quarter results from lower credit costs and securities gains.

Fiserv (FISV) has upgraded its asset-management system, making improvements to its trading capabilities, user interface and model-data reporting.

A securities law firm has filed a class-action suit to halt Renasant's acquisition of First M&F Corp.

Wells Fargo's (WFC) home-loan unit has sold a portfolio of reverse-mortgage servicing rights to Walter Investment Management (WAC).

Wolters Kluwer Financial Services (WKL) has released a subscription-based version of its system for originating and managing Small Business Administration loans.

David Rom, who helped found the $156 million-asset bank in 2006, stepped down as CEO on April 1, according to a report published Tuesday in the Minneapolis / St. Paul Business Journal. He was replaced by Tom Jacobson, who was the bank's chief operating officer.

Uwharrie Capital Corp. (UWHR) in Albemarle, N.C., has repaid more than three-fourths of the money it took through the Troubled Asset Relief Program.

Midwest BankCentre in Lemay, Mo., has warned its customers of a security breach, possibly involving its third-party vendors.