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The $9.5 billion-asset company in Flint, Mich., announced after the market closed on Thursday that it earned $18.5 million in the second quarter, compared to a net loss of $44.7 million a year earlier and a loss of $74.3 million in the first quarter.

Fueled by strong loan growth and improved expense control, Investors Bancorp Inc. in Short Hills, N.J., reported a profit of $19.6 million in the second quarter, up 28% from the same period last year.

Porter Bancorp Inc. in Lousville, Ky., reported a loss of $39 million in the second quarter after it wrote off scores of problem loans and took a hefty impairment charge to reflect its declining market value.

Buoyed by improving asset quality, National Penn Bancshares reported earnings of $23.3 million in the second quarter, compared to a loss of $5.5 million in the same period last year.

BankUnited Inc. said Wednesday that second quarter net income fell 14% compared with a year earlier partly because of lower payments coming from the Federal Deposit Insurance Corp. related to its loss-share agreement.

Cascade Bancorp in Bend, Ore., announced this week that President and Chief Executive Officer Patricia L. Moss has notified its board that she intends to retire in July of next year.

Aided by growth in its residential mortgage portfolio, Valley National Bancorp in Wayne, N.J., reported a profit of $36.9 million in the second quarter, up 12% from the same period last year.

The Federal Reserve on Thursday announced written agreements with four banks, including the $2 billion-asset Old Second Bancorp Inc. in Aurora, Ill.

United Community Banks Inc. is finally back in the black after it unloaded scores of problem assets and raised $380 million of fresh capital.

IberiaBank Corp.'s shares plunged Wednesday after a litany of charges cut into the banking company's second quarter earnings.

BankAtlantic Bancorp Inc. returned to profitability in the second quarter due largely to its 19-branch sale to PNC Financial Services Group Inc.

First PacTrust Bancorp Inc. in Chula Vista, Calif., said Wednesday that it raised an additional $542,500 from a common stock offering after its underwriters exercised a small portion of an overallotment option.

Don Adam’s American Momentum shifts from building to buying in Sunshine State.

United Federal Credit Union in St. Joseph, Mich., has agreed to buy Griffith Savings Bank.

UMB Financial Corp. in Kansas City, Mo., reported earnings of $26.3 million, up 14.4%, as credit costs fell and noninterest income jumped.

FirstAtlantic Bank said Wednesday that it had agreed to buy CenterBank in a deal that will combine two Jacksonville, Fla., banks.

Security Savings Bank in Southport, N.C., said that it has hired an Atlanta firm to help it explore strategic option, including a possible sale.

Cullen/Frost Bankers Inc. in San Antonio reported that second-quarter earnings rose 5.3% from a year earlier, to $55.7 million, although the company struggled to capitalize on a windfall of excessive liquidity.

After striking two deals around Kansas City, Mo., last year, Laney, the Boston-based president and chief executive of NBH Holdings Corp., has moved on to Colorado, buying the $1 billion-asset Bank of Choice in Greeley on Friday in a deal with the Federal Deposit Insurance Corp.

Trustmark Corp. in Jackson, Miss., said Tuesday that its second-quarter earnings jumped 21% from the same period last year, to $31.6 million.