Chris Cumming

Bank of America (BAC) has promoted a veteran executive to lead its commercial banking business as part of its latest shuffle of senior managers.

Fulton Financial (FULT) in Lancaster, Pa., reported a bump up in profit in the fourth quarter despite declines in interest income.

The holding company for the $226 million-asset GulfShore Bank has so far pulled in $1.6 million from local investors in an offering that began on Dec. 31.

The full story on JPMorgan Chase's London Whale fiasco may soon be coming to light.

Commerce Bancshares (CBSH) in Kansas City, Mo., posted stronger quarterly results because of higher card fees and loan volume.

Mercantile Bank (MBWM) in Grand Rapids, Mich., posted another profitable quarter despite renewed efforts to purge bad assets.

The $627 million-asset bank said Monday that it had named Kay Whitaker as its chief financial officer. She will succeed Laurinda Swank, who is shifting to the newly created post of chief accounting officer, a company spokeswoman said.

Rob McMillan, a wine industry expert at Silicon Valley Bank who moonlights in a rock band, dances to a different banking drummer.

Regions Financial (RF) in Birmingham has chosen Prudential Financial (PRU) to be the service provider for its wealth management group divisions that handle institutional and private clients.

The president and six former officers of a failed Savannah, Ga., bank were indicted on Jan. 11 on charges of fraud and conspiracy related to failed commercial loans.

The chief executive officer of First Data Corp. (FDC) is resigning, the company said Friday.

The Independent Community Bankers of America (ICBA) is toasting the Government Accountability Office (GAO) for agreeing to examine the economic benefit that megabanks derive from their too-big-to-fail status.

Profits rose 43% at DSA Financial (DSFN) of Lawrenceburg, Ind., on its sales of loans and investments last quarter.

Heartland Financial USA (HTLF), a multibank holding company in Dubuque, Iowa, has swapped executives with one of its subsidiaries through a pair of promotions.

First Keystone in Berwick, Pa., has convinced its retired chief executive to serve as its vice chairman.

Old Dominion National Bank of North Garden, Va., has struck a deal to raise funds from an investor, contingent on the success of a private placement.

Southern Bancorp in Arkadelphia, Ark., has hired a sitting state legislator to become its chief executive.

PNC Bank and Charter One Bank have each named new regional presidents for Illinois.

Enterprise Financial in St. Louis, Mo., has fully exited the Troubled Asset Relief Program.

Severn Bank & Trust in Annapolis, Md., has turned to a 35-year banking veteran to be its chief lending officer.