Location Root Tag

Commerce Bancshares (CBSH) in Kansas City, Mo., has agreed to sell three branches in rural southeastern Missouri to New Era Bank in Fredericktown, Mo.

INDIANAPOLIS — Eli Lilly FCU will take a $26 million loss on default-prone loans to students enrolled at ITT Technical Institute, owned by ITT Educational Services, a for-profit college chain sued in February by the Consumer Financial Protection Bureau for alleged predatory lending practices.

Washington Federal (WAFD) in Seattle negotiated a discount on its recent purchase of Bank of America (BAC) branches after deposits levels at those locations fell.

Colorado lawmakers on Wednesday passed a bill to establish a financial services co-operative to serve licensed marijuana dispensaries in the state.

Eagle Bancorp Montana (EBMT) in Helena has applied for a state charter for its American Federal Savings Bank.

Valley National Bancorp (VLY) in Wayne, N.J., has agreed to buy 1st United Bancorp (FUBC) in Boca Raton, Fla.

Bank of America CEO Brian Moynihan and Chairman Charles Holliday pledged to hold the right people responsible for the $4 billion accounting error in its capital plan that hurt shareholders — but only after they carefully study what went wrong.

Xenith Bankshares (XBKS) in Richmond, Va., has named Thomas Snead Jr. chairman.

HUNTINGTON, W.Va. — A man waking up from a drug-induced high found himself locked inside a credit union.

Simmons First National (SFNC) in Pine Bluff, Ark., has agreed to buy Community First Bancshares in Union City, Tenn.

Kinderhook Bank in New York has raised $7.4 million after selling preferred stock.

A Michigan state court judge has reportedly postponed a trial in which former customers of Lotus Bancorp in Novi, Mich., had filed a lawsuit against the bank's executives for sending racist emails.

CertusBank in Greenville, S.C., has hired a new internal auditor and promoted eight other executives as it reorganizes management weeks after the ouster of its top executives.

Midstate Bancorp in Baltimore has filed paperwork to sell up to $34.4 million in stock as part of a planned conversion to a stock company. Sandler O'Neill is assisting with the offering.

Wayne Griest, Continental's chief executive, once worked with Bryn Mawr's CEO at another institution. That familiarity came in handy as the two banks began discussing the potential of a merger.

The New York company has emerged from a regulatory order with a stated goal of branching out from a longtime focus on commercial real estate by adding specialty-lending lines. Now management is looking to leverage a huge cash buffer and strong deposit base.

Thanks to redevelopment efforts in the once-neglected downtown areas of Buffalo, Detroit and other cities, banks are seeing improvements to their bottom lines. Banks and developers credit a federal historic tax credit program for the results.

Organic loan growth propelled the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended March 31.

WASHINGTON — The Senate Banking Committee continued negotiations over the weekend on landmark legislation to overhaul the mortgage finance system, but it remains unclear when, or if, panel leaders will reschedule a key vote on the bill.

UMB Financial (UMBF) in Kansas City, Mo., has agreed to buy the corporate trust business of RCB Bank in Claremore, Okla.