Finance

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits.

The Minnesota bank was able to realize a large net tax benefit in the same quarter it took a big charge to exit auto lending, so in the end its profits doubled.

The Detroit company recorded an 11% increase in car loans and leases originated during the fourth quarter, as well as a jump in yields. Ally appears to be benefiting from Wells Fargo's substantial retrenchment in auto lending.

Louisiana credit union says secondary capital influx helped fuel earnings.

The results included a $222 million goodwill impairment charge and other one-time items.

The bank said it plans to use proceeds from the placement to expand its operations.

Dishonestly taking advantage of false membership in a group to score a discount sounds like something most people wouldn't dare do, but it's enough of a threat to retailers that investors see future returns in technologies that guard against it.

The credit union saw net income of nearly $3 million during Q4 and more than $11 million for the year.

The Texas company will gain four branches and $160 million in loans after the acquisition closes.

The private-equity firms, which invested in a predecessor to Union Bankshares in May 2010, sold their shares for a total of $301 million.

The Florida company reported increased net income even though its loan pipelines and production were hurt by last year's storms.

Ameris would gain 24 Atlanta-area branches in the $406 million deal.

The Louisiana company recorded charges tied to recently passed tax reform and the purchase of Sabadell United Bank.

Earnings at the Santa Clara, Calif., company were boosted by a 16% increase in lending and gains on the company's investments in Roku.

Despite the increase in loan demand, the New Jersey company swung to a loss in the quarter as it devalued its deferred tax asset.

Marathon International Bank would target the Ethiopian community with specific advertising and educational programs.

Bank of Montreal is open to more deals with cannabis companies, as long as those firms can get past "traps" in the lender's due diligence process, Chief Executive Officer Darryl White said.

The Texas bank also capitalized on rising rates and a positive adjustment to deferred taxes tied to tax reform in reporting a double-digit gain to profits in the fourth quarter.

The new tax law also resulted in more than $22 million of charges at the New Jersey-based bank.