The lawsuit claims that Benjamin Weinger of 3-Sigma Value conspired with certain directors to defame the executives before the board fired them earlier this month.

The first-quarter profit at Cardinal Financial Corp. (CFNL) in Tysons Corner, Va., fell 42% from a year earlier, largely due to merger-related expenses.

How Popular's decision to sell operations in California, Illinois and central Florida fit into the plans of three community banks looking to grow.

PacWest Bancorp (PACW) in Los Angeles reported a surge in quarterly profits as the company produced more loan revenue.

Cullen/Frost Bankers (CFR) in San Antonio reported a profit of $59.2 million in the first quarter on strong asset and deposit growth.

Jefferson Bancshares' efforts to sell itself were marked by several fits and starts over three years, highlighting the fickle nature of consolidation since the financial crisis.

Flagstar Bancorp (FBC) in Troy, Mich., reported a significant first-quarter loss as its loan-loss provision more than quintupled.

Profits at Prosperity Bancshares (PB) in Houston grew by more than a third thanks to recent acquisitions as well as organic loan growth.

Popular (BPOP) in San Juan, Puerto Rico, has found buyers for its regional operations in Illinois, California and central Florida.

Community Bank System (CBU) in Syracuse, N.Y., reported higher profits on payback from a branch acquisition and stronger credit quality.

The Buffalo, N.Y., bank's chief operating officer and chief financial officer discuss how M&T is spending tens of millions of dollars toward upgrading compliance with the Bank Secrecy Act and high-tech retail services. Its deal to buy Hudson City hangs in the balance.

Union First Market Bankshares (UBSH) in Richmond, Va., reported in a dip in quarterly profit because of costs tied to its purchase of StellarOne in Charlottesville, Va.

Synovus Financial (SNV) tripled profits thanks partly to broad loan growth and recent branch sales. The Columbus, Ga., company reported earnings of $45.9 million in the first quarter, up from $14.8 million.

UMB Financial (UMBF) in Kansas City, Mo., reported lower quarterly results that largely reflected merger-related expenses.

BancorpSouth (BXS) in Tupelo, Miss., reported higher quarterly profit fueled by acquisitions and improved operating performance.

Heritage Financial (HBOS) in Albany, Ga., has agreed to buy Alarion Financial Services in Ocala, Fla.

Community Bank Shares of Indiana (CBIN) in New Albany has agreed to buy First Financial Service (FFKY) in Elizabethtown, Ky.

Peoples Bancorp (PEBO) in Marietta, Ohio, has agreed to buy North Akron Savings Bank in Ohio. Peoples said in a press release Monday that it will pay about $20.1 million in cash and stock for the $147 million-asset North Akron Savings.

Umpqua Holdings (UMPQ) in Portland, Ore., reported a steep dip in quarterly profits because of merger-related expenses and lower mortgage banking revenue.

First Defiance Financial (FDEF) in Defiance, Ohio, isn't going to buy First Community Bank in Columbus, Ohio, after all.