Corporate governance

First Bancorp has emerged as one of the few consolidators in North Carolina at a time when many other banks in the state have opted to sell.

The $34 million acquisition is expected to strengthen Central Valley's banking operations in northern California.

Rusty Cloutier had been CEO of MidSouth Bancorp for 32 years. Energy-sector woes helped do him in.

The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues.

The credit union is the tenth largest in Pennsylvania, serving more than 80,000 members.

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Doug Bowers will serve as the permanent replacement for Steven Sugarman, who resigned in January.

All 93,000 members of the Delaware Electric Co-Op are now eligible to join Del-One FCU.

The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision.

MidSouth also removed Cloutier's son as part of what it called a "transition plan already under way to improve” performance.

The acquisition will provide South State with more than $3 billion in assets and a larger operation in North Carolina.

Kate Quinn, one of American Banker's 25 Women to Watch in 2016, was given expanded duties, and consumer banking chief Kent Stone will retire.

The credit union said the $600 million-asset milestone represents growth of more than 3 percent since the end of 2016.

Chaos broke out periodically as investors and activists spoke out against the board, at times yelling or choking back emotion.

Shareholders voted to re-elect 12 board members and elect three more nominated by the company, but the slim margins sent a clear message.

President and COO Ignacio Alvarez will replace Richard Carrion as CEO on July 1.

Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina.

The Cincinnati company’s 1Q profits were hurt as it scaled back in key consumer and commercial credits, paid higher severance and saw fee income fall.

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year.