Paul Davis

The Treasury Department has held shares in the Black-run banking company for more than a decade.

The Pennsylvania company said the move is in response to margin pressure and customers' increased adoption of digital channels.

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.

Simmons First, which is based in Arkansas, plans to shutter 23 locations later this year, while Great Southern in Missouri has hired a firm to take a look at its network.

The Pennsylvania bank incurred $2.3 million in expenses in second quarter after winding down unit BMT Investment Advisers.

The California company said Russell Colombo "is committed to remaining in the job as long as needed."

The Mississippi company said it decided to take aggressive measures to reduce its exposure to energy firms.

Government stimulus efforts, including the Paycheck Protection Program, have fueled a deposit surge. The challenge for banks is figuring out how to put that new money to use.

The company said it recorded a large loan-loss provision in the second quarter to reflect Coex Coffee International's pending liquidation.

The Los Angeles company said Chang Liu, who runs its bank, will succeed Pin Tai, who is retiring.