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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.

East West Bancorp (EWBC) in Pasadena, Calif., reported improved quarterly results after credit costs declined.

Bank deposit advances, which strongly resemble payday loans, have been facing extinction since coming into the crosshairs of federal banking regulators.

Texas Capital Bancshares (TCBI) is planning to sell 1.25 million shares of common stock in a public offering.

Fulton Financial (FULT) in Lancaster, Pa., has added its name to the growing list of banks closing branches to cut costs.

The Federal Deposit Insurance Corp. filed a lawsuit Friday in U.S. District Court in Colorado against nine former executives and directors at United Western Bank, which failed in 2011.

The $5.6 billion-asset company’s fourth-quarter earnings rose 29% from a year earlier, to $15.3 million.

Renasant (RNST) in Tupelo, Miss., posted a big increase in quarterly profit following its recent purchase of First M&F.

TriCo Bancshares (TCBK) in Chico, Calif., has agreed to buy North Valley Bancorp (NOVB) in Redding, Calif.

Zions Bancorporation (ZION), the Utah lender that forecast last month the new Volcker Rule would wipe out its profit, said losses will be about half what it expected after regulators eased enforcement.