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Central Pacific Financial (CPF) in Honolulu reported a big decline in fourth-quarter earnings as income from sales of residential mortgage loans and sales of foreclosed assets plunged.

First Interstate BancSystem (FIBK) in Billings, Mont., turned credit-quality improvements into a big increase in earnings last quarter.

Prosperity Bancshares (PB) in Houston is rearranging a number of its management posts.

CenterState Banks (CSFL) in Davenport, Fla., has agreed to buy First Southern Bancorp (FSOF) in Boca Raton, Fla.

Astorial Financial (AF) in Lake Success, N.Y., reported higher quarterly profits because of improved credit quality.

Sunrise Bank in Cocoa Beach, Fla., has been freed from an enforcement order from the Federal Reserve Board.

UMB Financial (UMBF) in Kansas City, Mo., reported a big jump in profits as the company benefited from loan growth and a rise in fee income.

Lynn Harton, formerly president of The South Financial Group before it was sold several years ago, was promoted to president of United Community Bank in Georgia this week.

TCF Financial (TCB) in Wayzata, Minn., was buoyed by improved credit quality in the fourth quarter.

National Penn Bancshares (NPBC) in Boyertown, Pa., has bought back about $75.4 million of shares from the private-equity firm Warburg Pincus.

Ameriana Bancorp (ASBI) in New Castle, Ind., has announced several executive changes prompted by the pending retirement of Chief Risk Officer Timothy Clark.

First Merchants Corporation (FRME) in Muncie, Ind., reported net income Tuesday of $11.4 million for the fourth quarter of 2013, a 10.7% increase from same period in 2012.

Jeanne Hulit, the acting head of the Small Business Administration, is leaving Washington behind to join Northeast Bank in Lewiston, Maine, as the president of its Northeast community banking division.

First Financial Holdings (SCBT) of Columbia, S.C., reported net income Tuesday of $13.2 million for the fourth quarter of 2013, a 44.7% increase from the same quarter in 2012.

Bank of Hawaii (BOH) reported fourth-quarter earnings of $39.1 million, down 3% from a year earlier.

CFBank in Fairlawn, Ohio, has been released from a cease-and-desist order issued by the Office of the Comptroller of the Currency.

Chemical Financial (CHFC) in Midland, Mich., reported net income Monday of $14.4 million for the fourth quarter, 14.3% better than a year earlier.

The $300 million-asset bank said in a press release Friday that Theodore Biagini, 73, had been chairman since its January 2007 opening.

Cathay General Bancorp (CATY) of Los Angeles reported earnings of $31.9 million for the fourth quarter of 2013, an increase of 12.7% from the same quarter a year prior.

KeyCorp may ultimately need to buy some niche business lines, or sell its operations in some fringe markets, to cure its efficiency woes.