Chris Cumming

Banks are preparing their bids for City National Bank of Florida and are expected to make offers in the next few days, according to a published report.

PNC Financial Services (PNC) plans to close 200 branches this year, or 6.5% of its domestic network, as part of a broad push to cut costs.

Westfield Financial has filed for regulatory approval to open a branch in Granby, Conn., which would be its first location outside of western Massachusetts.

Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell about one-fifth of the company's outstanding stock.

SunTrust Banks (STI) will close around 40 branches this quarter as it continues its efforts to rein in costs, its chief executive said Tuesday.

The Department of Housing and Urban Development will offer two batches of residential loans with a total balance of almost $3 billion later this month.

Mortgage software manufacturer MortgageFlex has announced a partnership with Global DMS, a provider of valuation software.

Atlantic Coast Financial trimmed its losses last quarter as it readies for possible challenges to its deal with Bond Street Holdings.

The chief financial officer of Hampton Roads Bancshares (HMPR) in Virginia Beach, Va., is leaving for a job in commercial real estate finance.

Pacific Premier (PPBI) in Irvine, Calif., has named new chief lending and operating officers among several executive moves.

Community & Southern Bank in Atlanta has hired its new president away from a larger Alabama lender.

Tampa-based Gries Investment Funds has moved a step closer to completing its first bank acquisition.

1st Capital Bank (FISB) in Monterey, Calif., has erased the "interim" from its chief executive's title.

Fifth Third Bancorp (FITB) is expanding its capacity to take on debt and has wrapped up a $100 million stock buyback.

The Federal Deposit Insurance Corp. has freed the Bank of Granite in Granite Falls, N.C., from an enforcement action.

NewDominion Bank in Charlotte, N.C., believes it is close to raising enough capital to shed a consent order.

Iberiabank (IBKC) in Lafayette, La., has uncovered an accounting error that forced it to restate nearly three years of financial data.

Rhoda Altom and Deborah Gavin will join the boards of Washington Banking and its $1.7 billion-asset Whidbey Island Bank in Coupeville, Wash., the company said Thursday.

Union First Market Bancshares (UBSH) in Richmond, Va., is set to begin a share repurchase program.

United Financial Bancorp in West Springfield, Mass., is closing a pair of Connecticut branches just months after buying them.