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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.

Western Alliance (WAL) in Phoenix reported a drop in quarterly profits largely because of debt valuation adjustments.

The online lender Western Sky and the online loan servicer CashCall agreed to pay $1.5 million in penalties and stop collecting interest on outstanding loans to New York borrowers in a proposed settlement with New York Attorney General Eric Schneiderman.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., met quarterly estimates and announced a plan to invest heavily in technological improvements as it moves beyond its recent phase of rapid growth.

Texas Capital Bancshares (TCBI) in Dallas is planning to raise up to $102.4 million via a public offering of common stock. Texas Capital plans to sell 1.7 million shares at $60.25 per share.

City National Corporation (CYN) of Beverly Hills, Calif., posted net income of $55.1 million for the fourth quarter, up 17% from the same quarter a year earlier.

The $214 million-asset First Federal said in a press release Thursday that it will pay about $4.3 million in stock for the $73.7 million-asset Alpena. The deal is expected to close in the second or third quarter.

BancorpSouth (BXS) in Tupelo, Miss., reported a big jump in profit as credit quality continued to improve.

Farmers Capital Bank (FFKT) in Frankfort, Ky., is one step closer to being freed from a regulatory order.

Columbia Banking System (COLB) in Tacoma, Wash., reported higher quarterly earnings buoyed by last year's purchase of West Coast Bancorp in Lake Oswego, Ore.

National Penn Bancshares (NPBC) in Boyertown, Pa., will close nine branches as it looks to cut costs.

HomeTrust Bancshares (HTBI) in Asheville, N.C., has agreed to buy Jefferson Bancshares (JFBI) in Morristown, Tenn.