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Provident Financial Services (PFS) in Iselin, N.J., reported a dip in quarterly profits because of lower fee income and higher operating costs.

First Financial Holdings (SCBT) in Columbia, S.C., reported a big leap in first-quarter profits thanks largely to double-digit growth in its loan portfolio.

TowneBank (TOWN) in Suffolk, Va., said that improved credit quality helped boost its first-quarter earnings 6.3% from a year earlier, to $11.1 million.

COVINA, Calif. — Performance objectives for the executive team can't be too general that they prevent a leader from directly influencing the objective, advises Executive Compensation Solutions.

ALEXANDRIA, Va. — In casting the lone vote Thursday against passing the final rule on capital planning and stress testing, NCUA Board Member Michael Fryzel held some of the same concerns voiced by credit unions and the CU trade associations about the proposal.

WEST JORDAN, Utah — New hires at Cyprus FCU now pull out their smartphones and tablets during 90 minutes of training on all of the credit union's electronic services.

SAN ANTONIO — With increased branch staff reductions and adjusting bottom lines, more credit unions are looking to streamline operations. To this end, many are turning to technologies that support employee forecasting and scheduling capabilities.

Memo to credit unions that thought they were safe from the Heartbleed vulnerability because they don't use OpenSSL: Think again, say experts.

PETERBOROUGH, N.H. — Bank credit card growth last year outpaced credit union card growth for the first time since 2007, a figure cards experts say indicates much tougher competition is ahead for CUs, especially around rewards.

Howard Bancorp in Ellicott City, Md., has agreed to buy a branch from Rising Sun Bancorp in Rising Sun, Md.

MEMPHIS — The last few years have been rough for Agility Financial Credit Union.

HONOLULU — Three staff members of OTS Employees FCU, including the former manager, were charged Wednesday with embezzling nearly $490,000 from the credit union.

Bryn Mawr Bank (BMTC) in Pennsylvania will have a new chief executive at the end of this year.

Midland, Texas, is the latest in a growing number of cities proposing an ordinance that affects payday lenders, or credit access businesses.

Seacoast Banking Corp. of Florida (SBCF) in Stuart has agreed to buy The Bankshares in Winter Park, Fla.

Three of Certus' ousted executives depict a behind-the-scenes struggle at the Greenville, S.C., bank as management, directors and investors were often working at cross purposes. The lawsuit also discusses a possible merger with an unnamed bank that never took place.

Improved credit quality and income from venture capital and private equity investments helped SVB Financial (SIVB) in Santa Clara, Calif., more than double its first-quarter profits.

TFS Financial (TFSL) in Cleveland boosted first-quarter profits by 28% as improved credit quality allowed it to chop its loan-loss provision in half.

Aided by strong growth in loans and income from trust services, City National (CYN) in Los Angeles reported net income $54.5 million the first quarter, up 6% from the same period last year.

Harvard Illinois Bancorp wants to name the son of a retiring director to replace him. It says the son is qualified for the job, but investor Joseph Stilwell -- who is backing another nominee to the board -- disagrees.