Location Root Tag

A failed Kansas bank is suing state regulators alleging that they had insufficient grounds to close it.

Simsbury Bank (SBTB) in Connecticut named a new retail management officer to succeed Howard Zern who is retiring at the end of this month.

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.

Fulton Financial (FULT) in Lancaster, Pa., reported higher quarterly profit that benefited from a cost-cutting initiative.

Trustmark (TRMK) in Jackson, Miss., reported earnings of $29 million in the first quarter, up 13% from the same period last year.

BALTIMORE — Securityplus FCU said it is now certified as a Community Development Financial Institution by the U.S. Treasury, making it one of just 177 CDFI-certified credit unions in the nation.

Aided by strong loan growth and improved asset quality, Hanmi Financial (HAFC) in Los Angeles said Tuesday that its first-quarter profits increased 10% from the same time last year, to $11 million.

Republic First Bancorp (FRBK) in Philadelphia has raised $45 million through a private placement.

First Commonwealth Financial (FCF) in Indiana, Pa., reported higher quarterly profit because of reduced loan-loss provisions and lower operating costs.

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.

Citigroup Inc. (C) is seeking bidders for about 50 branches holding $3 billion in California as the third-largest U.S. lender pares brick-and-mortar outlets, said three people involved in the process.

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

ARLINGTON, Va. — With NCUA expected to impose a final rule on stress testing at Thursday's board meeting, NAFCU, once again, is telling the agency its proposal should be reconsidered.

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.

NewBridge Bancorp (NBBC) in Greensboro, N.C., is planning to retool its retail banking operations in a move that will eliminate 5% of its work force.

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