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Eagle Bancorp Inc. in Bethesda, Md., said last week that it has received a $56.6 million investment from Treasury and that it will use about $23.2 million of that to repay the remaining balance on a loan it received from the Troubled Asset Relief Program.

Driven by improved asset quality and a widening net interest margin, PacWest Bancorp in Los Angeles reported a profit of $12.8 million in the second quarter, nearly five times what it earned in the same period last year.

Arrow Financial Corp. reported second-quarter profit of $5.8 million, a 2.4% increase over the same period last year.

Citing improved asset quality and a widening net interest margin, Webster Financial Corp. in Waterbury, Conn., reported a $33.4 million profit in the second quarter, an increase of more than 162% from the same period in 2011.

Aiming to increase its trust assets under management, WSFS Financial Corp. in Wilmington, Del., has formed a seven-member advisory board to help it better serve existing clients and identify new ones.

Shares of Orrstown Financial Inc. fell sharply Friday after the Shippensburg, Pa., company warned that it expects to take a larger-than-expected provision for loan losses in the second quarter.

ECB Bancorp in Englehard, N.C., announced after the market closed Thursday that it is buying seven branches and $195 million of deposits in North Carolina from Hampton Roads Bancshares Inc. of Norfolk, Va.

DCB Financial Corp. in Lewis Center, Ohio, is closing a quarter of its branches and cutting 18% of its workforce in the next 90 days, according to a news report.

Shares of Lakeland Bancorp Inc. fell nearly 8% Thursday after the Oak Ridge, N.J., company reported second-quarter earnings that missed analysts' expectations.

NorthEast Community Bancorp Inc. is ready to make a gutsy move — an aggressive push into Boston that also involves originating its first single-family mortgages in roughly two decades.

Two New England thrifts have beefed up their commercial-lending operations by hiring teams of bankers from recently acquired banks.

First Place Financial Corp. said this week that it has launched an audit of its 2009 results and that it now operating under a cease-and-desist order from the Office of Thrift Supervision.

Driven by improved credit quality and double-digit increases in bank card and trust fees, Commerce Bancshares in Kansas City, Mo., reported a profit of $69 million in the second quarter, up 16% from the same period a year earlier.

Bank of Ozarks Inc. in Little Rock posted record earnings in the second quarter after acquisitions of two failed banks helped boost net income by more than 360%.

NBT Bancorp Inc. of Norwich, N.Y., is expanding into western Massachusetts with a deal to purchase four branches from Legacy Bancorp of Pittsfield, Mass.

Improved asset quality, lower credit costs and gains on investment securities powered Washington Federal Inc. in Seattle to a $30.1 million profit in the quarter that ended June 30, an increase of 138% over the same period in 2010.

VSB Bancorp Inc. said Wednesday that second-quarter earnings fell 7.5% largely because of lower yields on securities and loans during the period.

The Bank of South Carolina Corp. is on pace to beat its profit target for the full year thanks to strong second-quarter results, its president said Wednesday.

The $14 billion-asset Wintrust struck a deal with the Federal Deposit Insurance Corp. on Friday for the assets and deposits of First Chicago Bank and Trust, its third FDIC transaction this year.

Bank of America Corp. said Tuesday that it has hired 75 small-business bankers in Texas and that it intends to add roughly 25 more in the state by the end of the first quarter.