Chris Cumming

Fifth Third (FITB) in Cincinnati is selling $85 million worth of shares of Vantiv, its former subsidiary.

Patapsco Bancorp (PATD) in Baltimore has appointed Phil Phillips its new chief executive after recording a quarterly loss.

Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., has agreed to repurchase the stock warrants it issued through the Troubled Asset Relief Program.

The Treasury Department plans to sell shares in five community banks for a discount of approximately 60%.

The $7.2 billion-asset company will auction between $15 million and $35 million of senior notes, it announced Friday.

KeyCorp (KEY) has sold its asset management and broker-dealer businesses for more than $50 million less than originally anticipated.

The Federal Reserve Board has terminated an enforcement action against Eastern Virginia Bancshares in Tappahannock and has fined Blencoe State Bank in Iowa.

Pacific Trust Bank in Los Angeles has exercised its option to buy CS Financial in Beverly Hills, the bank said in a regulatory filing. Jeffrey Seabold, the managing director of Pacific Trust's residential lending division, is a majority owner of CS.

Mortgage-technology company Ellie Mae's quarterly profit fell 26%, as higher costs offset rising revenue.

First Horizon National (FHN) in Memphis and Sovereign Bank in Boston have joined many of their competitors in making it easier for customers to understand the fees on their accounts.

Tompkins Financial in Ithaca, N.Y., said Thomas Rochon will become chairman after the retirement next May of James Byrnes, the $4.9 billion-asset company's founding chairman.

Shares of First NBC Bank Holdings (NBCB) in New Orleans dipped after it reported a decline in quarterly income in its first earnings report since going public in May.

Bank of the Ozarks (OZRK), HomeTrust Bancshares (HTBI), Glacier Bancorp (GCBI) and Central Valley Community Bancorp (CVCY) all announced deal completions Wednesday.

Avidbank Holdings in Palo Alto, Calif., has completed the redemption of its Troubled Asset Relief Program stock.

Center Bancorp (CNBC) in Union, N.J., has named a new chairman for its bank. The $1.6 billion-asset company also announced Wednesday that it had made its interim chief financial officer permanent.

More banks are planning to sell or spin off businesses because of Basel III, shareholder pressure and other forces, according to the Institute of International Finance and EY.

The rapidly growing Opus Bank in Irvine, Calif., has split its commercial and retail banking operations.

Texas Capital Bancshares (TCBI) in Dallas announced several executive moves in advance of its new chief executive taking office.

WSFS Financial in Wilmington, Del., is expanding its consumer lending business to include private student loans.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a second-quarter profit of $48.7 million, down from $72.3 million in the second quarter of 2012. Earnings per share were 10 cents, in line with the average estimate of analysts polled by Bloomberg.