Location Root Tag

WASHINGTON — On the heaviest night of bank closures this year, regulators across four states shuttered a total of five institutions, bringing the year’s failure total to 22 and costing the Federal Deposit Insurance Corp. more than $270 million.

WSFS Financial (WSFS) in Wilmington, Del., has been using its excess capital to open new branches, hire lenders and beef up its wealth management operations, but Chief Executive Mark Turner assured investors and analysts Friday that repaying the $53 million it received from the Troubled Asset Relief Program remains a priority.

The Houston bank's four deals since September would not slow it down if it sees another good M&A opportunity, David Zalman says. Proxy filing details how it courted American State Financial.

First Financial Bancorp (FFBC) in Cincinnati is planning to close 10 of its branches in a move it says will reduce its annual overhead by about $2.3 million.

Prosperity Bancshares in Houston reported first quarter earnings of $36.5 million, up 7.7% from a year earlier as net interest income increased and already low credit costs fell further.

Investors Bancorp (ISBC) in Short Hills, N.J., reported a profit of $18.9 million in the quarter that ended March 31, up about 4% from the same period last year, as an acquisition and continued organic growth helped boost earning assets.

Citizens Republic Bancorp (CRBC) in Flint, Mich., reported its fourth-straight quarterly Thursday profit as loan quality continued to improve and a surge of new deposits helped generate fresh income from investment securities.

Texas Capital Bancshares' (TCBI) stock zoomed to an all-time high Thursday after the Dallas company handily beat first-quarter earnings projections and the investment firm Sterne Agee & Leach upgraded its shares from neutral to buy.

The Federal Reserve Board has terminated a written agreement with North Valley Bancorp (NOVB) in response to the Redding, Calif., company's improved financial condition.

Bar Harbor Bankshares (BHB) in Maine is getting some love from analysts following its record earnings performance in the first quarter.

United Community Banks (UCBI) in Blairsville, Ga., reported a profit of $8.5 million in the first quarter as lower expenses and 31% jump in fee-based revenues from the prior year more than offset slightly weakening asset quality.

Central Pacific Financial (CPF) said Thursday that first-quarter earnings rose 191% from a year earlier, to $13.5 million, as it reduced nonperforming assets and decreased the amount of chargeoffs.

Sterling Financial (STSA) said after markets closed Wednesday that its first-quarter net income rose 146% from the same period last year, to $13.3 million, due primarily to a growth in loan balances, lower funding costs and improved asset quality.

Buoyed by stronger credit quality and higher mortgage banking income, Lakeland Financial (LKFN) of Warsaw, Ind., reported record first-quarter income of $8.6 million, up 45% from a year earlier.

A surge in mortgage lending combined with improved asset quality and expense control led the embattled First Mariner Bancorp in Baltimore to its first profitable quarter in more than five years for the quarter that ended March 31.

Cullen/Frost Bankers (CFR) in San Antonio posted record profits in the first quarter as strong deposit growth and sharply improved asset quality more than offset a declining net interest margin and a dip in fee income.

Shares of Sun Bancorp (SNBC) plunged early Wednesday after the Vineland, N.J., company reported a wider-than-expected loss in the first quarter due to ongoing weakness in its loan portfolio.

EverBank Financial finally set a price for a planned $225 million capital raise after sitting on its initial public offering for half a year.

PremierWest Bancorp's losses widened in the first quarter as problem loans continued to drag down results as the Medford, Ore., company.

BancorpSouth (BXS) of Tupelo, Miss., is coming off its strongest quarter in two years as improved asset quality and modest growth in fee income more than offset declining loan revenue.