F.N.B. Corp. in Hermitage, Pa., promoted a company insider to president. Vincent Delie Jr. was also named the chief executive of First National Bank, the $9 billion-asset company said Thursday.

Members of Louisiana Corporate Credit Union would not be required to obtain new capital after their corporate institution is merged into Corporate America Credit Union, under preliminary plans announced by the two corporates.

Improved credit helped 1st Source Corp. in South Bend, Ind., more than double fourth-quarter earnings from a year earlier.

Tennessee Commerce Bancorp Inc. in Franklin said its fourth-quarter earnings fell 56% from a year earlier, to $553,000, as noninterest expenses increased.

Prosperity Bancshares Inc. in Houston earned $32.8 million in the fourth quarter, up 7.3% from a year earlier, as credit costs subsided significantly, it said Friday.

Codorus Valley Bancorp Inc. in York, Pa., reported a slight dip in fourth-quarter earnings compared to a year earlier.

SVB Financial Group in Santa Clara, Calif., said that Ken Wilcox will step down as its chief executive to focus more on the company's global expansion.

The latest nixed deal, between Florida Bank Group Inc. in Tampa and Anderen Financial Inc. in Palm Harbor, brought the issue to the fore when the companies said last week that regulators are hesitant to approve "expansionary" deals.

The $4.2 billion-asset company said that, after failing to comply with minimum market capitalization and stock price rules, its shares would no longer trade on the NYSE.

Less than two months after completing two small acquisitions, People's United in Bridgeport, Conn., has struck again with a $493 million deal for Danvers Bancorp.

SEATTLE – Puget Sound Cooperative CU plans to open a new branch in the former home of Books by the Way, a local bookstore.

METHUEN, Mass. – Methuen Municipal Employees FCU is moving from the Searles Building, the city hall, to a new location in Methuen’s historic district.

People's United CEO Jack Barnes said Danvers complements his company's footprint from central Massachusetts through Boston and into New Hampshire.

Fourth-quarter earnings at Republic Bancorp Inc. in Louisville, Ky., were up 15% from a year earlier, to $4.4 million as credit costs fell.

Virginia Commerce Bancorp Inc.'s fourth-quarter earnings rose, but fell short of analysts' expectations.

Three companies and their owner, who allegedly falsely claimed they could help consumers quickly eliminate their credit card debts and stop calls from debt collectors, have been banned from the debt relief business under a settlement with the Federal Trade Commission.

The Federal Reserve Board said Thursday it reached a written agreement with Intervest Bancshares Corp. of New York.

Several banks of varying sizes in California and Oregon released loan-loss reserves during the fourth quarter as chargeoffs finally began to exceed provisions.

Doubts that the carveout for small banks will shield their revenues abide, and one index signals little investor confidence in a relative advantage.