The parent company of the investment firm Sterne, Agee & Leach Inc. is planning to enter the banking business.

Coming off a weak first quarter, BancorpSouth Inc. in Tupelo, Miss., announced Tuesday that it would close or consolidate 23 underperforming branches this year.

Trustmark Corp. in Jackson, Miss., announced Tuesday that it has named board member Daniel Grafton as chairman of both the company and its main subsidiary, Trustmark Bank.

The FDIC may soon have another option for resolving failed banks whose assets include farm loans. Traditional banks are not welcoming the expected change.

The parent company of the investment firm Sterne, Agee & Leach Inc. is planning to enter the banking business.

Coming off a weak first quarter, BancorpSouth in Tupelo, Miss., announced Tuesday that it is planning to close or consolidate 23 underperforming branches later this year.

Integra Bank Corp. in Evansville, Ind., said that another large loss in the first quarter has left its bank critically undercapitalized.

The $2.4 billion-asset company said late Friday that it had filed a registration with the Securities and Exchange Commission seeking approval to start selling stock in July.

Premier American Bank has become the most aggressive failed-bank buyer in Florida, distinguishing itself from the state's other private investor-backed groups by sticking to deals close to home.

First PacTrust Bancorp Inc. in Chula Vista, Calif., has hired Marangal Domingo to serve as its chief financial officer.

NexBank in Dallas is expanding into correspondent lending for banks and mortgage brokers.

Illustrating the relative health of the nation's farm economy, small banks focused largely on agriculture lending continue to outperform more mainstream banks.

Looking to shore up its capital base, HomeStreet Inc. in Seattle is pursuing a public offering in which it hopes to raise up to $210 million.

SOUTH CHARLESTON, S.C. – South Carolina FCU, chartered as South Carolina National Guard FCU, has joined the Armed Forces Financial Network.

CORINTH, N.Y. – Hudson River Community CU plans to build a $2.8 million operations center that will employ 50 people at the former International Paper Co. site in Corinth.

WASHINGTON — Premier American Bank in Miami picked up another failed institution Friday, assuming the operations of Coastal Bank in Cocoa Beach, Fla.

WASHINGTON — Premier American Bank in Miami picked up another failed institution Friday, assuming the operations of Coastal Bank in Cocoa Beach, Fla.

It takes special circumstances for one bank to foreclose on another, but such an event took place this year, leading to last month's sale of Generations Bank to National Bancorp.

International Bancshares Corp. in Laredo, Texas, said Friday that first-quarter earnings rose 5% from a year earlier, in part because of lower credit costs.

A federal court agreed Thursday to let the National Credit Union Administration submit records under seal, bolstering its case for the April 15 conservatorship of Vensure Federal Credit Union.