Tanaya Macheel

Flagstar Bancorp in Troy, Mich., said its fourth-quarter profit rose 20% to $33 million from a year earlier as its lending rose by nearly half and its expenses fell.

Prepaid Financial Services, a provider of e-money and banking solutions, is rolling out a government-sponsored prepaid card program for refugees and asylum seekers in Europe.

Customers Bancorp in Wyomissing, Pa., plans to raise $24 million in an offering of its preferred stock on the New York Stock Exchange.

Zions Bancorp. in Salt Lake City posted a big increase in quarterly earnings despite increasing its loan-loss provision to account for energy-related exposure.

PNC Financial Services Group in Pittsburgh has tapped Karen Larrimer to lead its retail banking division.

Visa has nabbed an executive from media company Time Inc. to be its chief marketing and communications officer.

Visa has nabbed an executive from the media company Time Inc. to be its chief marketing and communications officer.

Profits at SVB Financial Group in Santa Clara, Calif., soared in the fourth quarter on strong loan growth.

Independent Bank Group in McKinney, Texas, has exited the Small Business Lending Fund program.

PacWest Bancorp in Los Angeles said its October acquisition of the tech-focused lender Square 1 helped its fourth-quarter profit rise 1.2% from a year earlier to $71.8 million.