Location Root Tag

Jacksonville Bancorp (JAXB) in Florida recorded its second straight quarterly profit as it continues to clean up its loan portfolio.

Prosperity Bancshares is finding that its recent deals — which allowed the Houston company to expand in highly coveted businesses such as private banking and cards — are producing a nice boost to fee income.

The $902 million-asset company said Friday that it plans to shut down First Financial Diversified, which provides escrow services to First Financial and other customers.

Bryn Mawr Bank (BMTC) in Pennsylvania and MidCoast Community Bancorp in Wilmington, Del., have terminated plans to merge.

Orient Bancorp in San Francisco named Richard Cupp, a well-known California banker and turnaround specialist, its permanent chief executive five weeks after he joined as interim CEO.

Customers Bancorp (CUBI) in Wyomissing, Pa., has opened a loan production office in North Philadelphia with the goal of providing affordable loans to lower-income minority communities.

Carver Bancorp (CARV) in New York reported its third consecutive quarter of profitability, reflecting lower expenses and higher income from asset sales.

Triumph Bancshares in Germantown, Tenn., has agreed to buy two mortgage businesses from Merchants & Planters Bancshares in Bolivar, Tenn.

As a good bank in a hard-hit state, Gulfstream Bancshares in Stuart, Fla., focused on getting in the best shape to be above reproach to potential buyers. The strategy worked, and its agreement to sell itself to CenterState could embolden others.

The Federal Reserve Board has taken action against ABCT Holdings in Waco, Tex. and terminated regulatory orders with two Minnesota lenders.

Fox Chase Bancorp (FXCB) in Hatboro, Pa., wants to discard its federal thrift charter.

BlackRock, DoubleLine and Pimco filed a lawsuit Wednesday to try to stop the city of Richmond from buying and restructuring underwater mortgages through the use of eminent domain.

Quarry City Savings & Loan Association, a mutual thrift in Warrensburg, Mo., has applied to convert to a stock charter and sell shares to the public.

Carolina Alliance Bank (CRLN) in Spartanburg, S.C., has agreed to buy Forest Commercial Bank in Asheville, N.C.

Banc of California (BANC) in Irvine has hired a group of bankers to lead its new correspondent lending group.

First Citizens Bancshares (FCNCA) turned stronger credit quality, higher mortgage income and lower foreclosure costs into a 17% gain in profits last quarter.

First M&F (FMFC) in Kosciusko, Miss., revised its second-quarter results, turning previously reported earnings into a loss.

Kentucky First Federal Bancorp (KFFB) in Hazard has received regulatory approval to pay a 10-cent dividend to its public shareholders.

BofI Holding (BOFI) in San Diego reported its sixth consecutive quarter of record profits as an expansion of its balance sheet led to higher lending income.

Sterling Bank in Spokane, Wash. will allow customers to transfer money to and from accounts at other financial institutions for free.