The Senate's latest proposal to break up the big banks faces an uphill battle, but FDIC Vice Chairman Thomas Hoenig still says it could have a major impact on the movement to separate big banks' commercial and investment activities.

John Koelmel recently became the president of HarborCenter Development, a Buffalo, N.Y., real estate company with ties to a professional hockey team.

Second-quarter profits at Tompkins Financial Corp. in Ithaca, N.Y., rose on increased loan revenue and fees, but fell short of analysts' estimates.

The Buffalo, N.Y., company is bolstering its commercial lending and auto finance businesses while it looks to replace ousted CEO John Koelmel.

First Horizon National Corp. in Memphis missed second-quarter profit estimates as its lending and fee income slid.

The Georgia company is finally ready to exit the Troubled Asset Relief Program, allowing executives to set their sights on increasing revenue.

Ellen Futter and David Cote, two of the three JPMorgan Chase board members who became lightning rods for governance criticism this spring, have left the bank.

Shares of City National Corp. in Los Angeles rose Friday after it beat its earnings estimates on strong wealth management income.

The DBA International Board of Directors is accepting applications from representatives of third-party collection agencies who wish to be considered for a position on the Debt Buyer Certification Council.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., met quarterly earnings estimates as its lending income ticked up and margins widened.

Washington Federal (WAFD) in Seattle has agreed to buy 51 branches from Bank of America (BAC).

Independent Bank Group has agreed to buy Collin Bank, the first acquisition for Independent since it raised $87 million in an April initial public offering.

Synovus Financial (SNV) said Thursday it plans to use a combination of new capital and cash on hand to repurchase preferred stock from the Troubled Asset Relief Program.

Sidelined by the Fed this year, BB&T wants to get back to buying banks in 2014 provided the Fed accepts its updated capital plan. Its peers are more cautious.

Steven Eckhaus, a prominent compensation adviser to senior bankers, has found a new home at the law firm Cadwalader, Wickersham & Taft.

Capital One Financial Corp., the lender that gets more than half its revenue from credit cards, posted a second-quarter profit that beat analysts' estimates as a boost in U.S. consumer confidence helped fuel spending.

It might take "another year from now" to finish Dodd-Frank rules that seek to end "too big to fail," Federal Reserve Chairman Ben Bernanke said. That was a slower timetable than that given by Treasury Secretary Jacob Lew.

Fifth Third, Huntington and KeyCorp all meet or beat earnings estimates, but in conference calls with analysts Thursday their executives were cautious about their growth prospects for the second half of the year.

U.S. Bancorp CEO Richard Davis' lack of interest in bank deals, and enthusiasm for M&A opportunities in the payments business, are signs of the times.

First Republic Bank's shares surged Thursday after the San Francisco lender reported a 16% rise in quarterly profit, driven by investment-advisor revenue.