Chris Cumming

The Dallas bank added Charles Hyle as a director and audit panel member because of his background in risk management and credit oversight at KeyCorp and Barclays.

Virginia Commerce Bancshares (VCBI) in Arlington recorded a slight dip in quarterly profit as it waited for final approval of its merger with United Bancshares (UBSI).

United Community Banks (UCBI) in Blairsville, Ga., beat its third-quarter earnings estimates as costs from bad loans fell.

The Federal Deposit Insurance Corp. has agreed to cooperate with China's central bank to address potential cross-border issues in resolving failing institutions.

Heritage Financial (HFWA) in Olympia, Wash., has agreed to buy Washington Banking (WBCO) in Oak Harbor. Heritage will pay about $265 million in cash and stock for Washington Banking, the companies said Wednesday.

The $5.2 billion-asset company reported a profit of $9.4 million in the third quarter, down 18% from the same period a year earlier, it announced Wednesday.

Higher interest income boosted quarterly earnings at Texas Capital Bancshares (TCBI) in Dallas, which also had to pay a special deposit-insurance assessment.

New York State has slapped Prospect Mortgage with a $3 million fine for misleading homeowners on their interest rates, and has cited the mortgage lender for several other violations of state law.

Hayward Bancshares in Eau Claire, Wis., is merging its two bank charters in a bid to cut regulatory costs.

First Midwest Bancorp (FMBI) offset insurance costs and the impact of shrinking margins with the sale of its stake in a software firm.

Members of the American Bankers Association have elected a new leadership team and voted in 10 new board members.

City Holding Co. (CHCO) in Charleston, W.Va., reported a 32% increase in quarterly profit as acquisitions helped boost its interest income.

Tech firms SAP and SAS have announced their collaboration on a data analysis platform.

Prosperity Bancshares (PB) in Houston reported a 20% boost in profit after announcing two deals in the third quarter.

Flagstar Bancorp (FBC) in Troy, Mich., recorded its fifth consecutive quarter of profitability and met Wall Street's earnings forecasts despite a drop in income from the sales of loans.

A Treasury Department fund meant to boost loans to small businesses has spurred more than $10 billion in additional lending, the agency said Tuesday.

National Bank Holdings (NBHC) in Greenwood Village, Colo., has formed a division to specialize in government and nonprofit clients.

Severn Bancorp (SVBI) in Annapolis, Md., swung to large quarterly loss as it worked to restructure its balance sheet by selling off bad loans.

The Federal Reserve released Bank of New York Mellon (BK) from a regulatory action requiring it to tighten up its internal controls.

Improved asset quality helped BancorpSouth (BXS) boost its quarterly profit.