Colin Wilhelm

Industry veteran David Applegate will serve as CEO of Common Securitization Solutions LLC, the new firm co-owned by Fannie Mae and Freddie Mac to develop a common securitization platform for the mortgage secondary market.

Columbia Banking System in Tacoma, Wash., and First Business Financial Services in Madison, Wis., were among a sizable group of banking companies that completed acquisitions in recent days.

AnchorBank in Madison, Wis., has agreed to sell its Richland Center retail branch to The Peoples Community Bank.

Ingo Money, which specializes in digitizing check payments, has entered an agreement to buy Salt Lake City-based Fuze Network, which handles cash loads for credit, debit and prepaid accounts.

MB Financial in Chicago saw its earnings dip thanks mainly to costs associated with its acquisition of Taylor Capital Group.

Profits at United Bankshares soared in the third quarter thanks largely to a recent acquisition, but credit quality weakened slightly as several commercial borrowers struggled to repay their loans.

While banks almost universally offer mobile services, such as smartphone apps or mobile-friendly websites, their customers have been slow to use them, according to an American Banker/SourceMedia Research white paper.

Park National in Newark, Ohio, reported lower quarterly earnings due to higher operation expenses and credit costs.

South State Corp. in Columbia, S.C., struggled to increase earnings but held expenses in check after a major acquisition.

First Guaranty Bancshares in Hammond, La., has filed for a $75 million initial public offering.

Profits rose at Bridge Bancorp in Bridgehampton, N.Y., on strong loan growth. The $2.2 billion-asset reported net income of $4.9 million in the third quarter, up 56% from a year earlier.

Lakeland Financial in Warsaw, Ind., rode double-digit loan growth and credit-quality improvements to an 18% increase in profits.

Square 1 Financial in Durham, N.C., followed a simple formula in the third quarter: loan growth equals higher profits.

FCB Financial Holdings, in Weston, Florida, reported a $3.4 million loss in the third quarter that relected costs tied to its initial public offering.

City Holding in Charleston, W.Va., reported lower quarterly earnings.

Metro Bank of Harrisburg, Pa., which is facing a challenge from an activist investor, posted higher quarterly earnings.

United Community Banks in Blairsville, Ga., reported higher quarterly profit that benefited from loan growth and a stable net interest margin.

Columbia Banking System in Tacoma, Wash., reported higher quarterly profits that featured lower costs.

Flagstar Bank lost $27.6 million in the third quarter, driven by a Consumer Financial Protection Bureau penalty of $37.5 million, the Troy, Mich., lender said Wednesday.

Some customers have reported double charging, others that their bank isn’t supported as promised. But some glitches are inevitable with a new service and processors say on the whole, the rollout has been relatively smooth.