Location Root Tag

First Interstate BancSystem (FIBK) in Billings, Mont., has agreed to buy Mountain West Financial (MTWF) in Helena, Mont.

The $176 billion-asset company will close the center in the summer of 2015, the Roanoke Times reported, citing a BB&T spokesman.

Florida Bank in Tampa has been freed from a memorandum of understanding issued by state regulators, according to a report.

Gerald Reaux, 53, "succumbed to an illness he had been battling for a while," KATC.com reported on Monday.

Bankruptcy used to be uncharted water in banking, but the drastic measure is starting to look like the only way for some institutions to reach dry land.

Horizon Bancorp (HBNC) in Michigan City, Ind., has agreed to buy the assets of 1st Mortgage of Indiana in Indianapolis.

Allan Hosack joined the $1.9 billion-asset Waterstone after a decade at BMO Financial Group (BMO) and predecessor, Marshall & Ilsley.

The company wants to supplement the loss of revenue from mortgage banking with a potentially large acquisition. CEO Gary Douglass says he is interested in banks with $400 million to $1 billion in assets.

CommunityOne Bancorp (COB) in Asheboro, N.C., reported its second consecutive quarterly profit.

Clifton Savings Bancorp (CSBK) in Clifton, N.J., has received approval from the Federal Reserve Board to start a second-step conversion.

Citigroup (NYSE: C) and insurance company Assurant (AZ) have agreed to pay $110 million to settle charges that it forced thousands of homeowners to purchase expensive property insurance in order to profit from kickbacks and commissions.

Central Pacific Financial (CPF) in Honolulu has revised its fourth-quarter earnings and now says it earned $10.3 million, or 24 cents per share, for the three months that ended Dec. 31, compared to the $9 million, or 21 cents per share, it had previously reported.

BBVA Compass reported a 28% drop in profits in the fourth quarter from the same period in 2012, to $68.8 million, as revenue, interest income and noninterest income all declined.

PrivateBancorp (PVTB) in Chicago has continued its trend of hiring former employees of LaSalle Bank, this time hiring a group who will lead the company in advising other banks.

JPMorgan Chase & Co. (JPM) will pay $614 million to settle claims it improperly approved Federal Housing Administration and Veterans Affairs loans that weren't eligible for insurance from those agencies because they didn't meet underwriting requirements.

Anchor Bancorp (ANCB) in Lacey, Wash., is facing pressure from an activist investor to sell itself.

Central Valley Community Bancorp (CVCY) in Fresno, Calif., has named James Ford president of its bank.

Colonial Financial Services (COBK) in Vineland, N.J., has revised its third-quarter financial statements to reflect non-compliance with regulatory capital ratios.

Old National Bancorp (ONB) in Evansville, Ind., benefited from lower expenses in the fourth quarter.

The Idaho Department of Finance closed the $153.4 million-asset Syringa Bank in Boise on Friday. It was the first bank closed in the state in nearly five years.