Chris Cumming

Investment gains helped M&T Bank Corp. in Buffalo, N.Y., record a spike in quarterly profits.

Profit rose 37% at Pinnacle Financial Partners (PNFP) in Nashville, Tenn., on the strength of its lending and fee income.

Robert Wahlman will become CFO of the $3.8 billion-asset company and its bank on Aug. 13, Customers announced Tuesday.

Opus Bank in Irvine, Calif., has formed a commercial real estate banking division made up of Opus' income-property banking division and its newly formed structured finance unit.

Mitsubishi UFJ Financial Group has created a holding company to oversee the North and South American operations of its two subsidiaries: Bank of Tokyo-Mitsubishi UFJ, based in New York City, and Union Bank, based in San Francisco.

Lending surged at Customers Bancorp in Wyomissing, Pa., this spring, allowing the $3.8 billion-asset company to report profits of $8.2 million in the second quarter, up 26% from the same period in 2012.

Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.

Reliance Financial Corp. in Atlanta has agreed to buy the trust and asset management business of Grand Bank and Trust of Florida in West Palm Beach.

Comerica in Dallas reported flat quarterly earnings as cost cuts and improved credit quality offset a dip in lending revenue.

The $2.8 billion-asset Wilshire would pay about $105 million in cash and stock for the $542 million-asset Saehan, the companies announced Monday.

Axiom EPM, a maker of financial-planning software, has upgraded its performance-management system in a way that the company says will help banks make better decisions.

First PacTrust in Los Angeles plans to become to Banc of California, effective July 16.

First Bank in Hamilton, N.J., has agreed to buy Heritage Community Bank in Randolph.

MB Financial has agreed to buy Taylor Capital Group. The deal would create one of the largest banking companies in Chicago.

Great Southern Bancorp in Springfield, Mo., is closing 11 branches in a bid to cut costs.

Profits rose at Webster Financial in Waterbury, Conn., on strong fee income and cost controls.

Taylor Capital Group (TAYC) in Chicago plans to retire one-quarter of its Troubled Asset Relief Program stock that the Treasury Department auctioned to private investors last June.

Independent Bank (INDB) in Rockland, Mass., reported a jump in second-quarter profit as interest revenue and fee income rose.

The Federal Reserve Board has terminated a regulatory order with Waterstone Financial in Wauwatosa, Wis.

Rocky Wirtz's championship NHL team, the Chicago Blackhawks, gets more press than his community banks, but they make more money.