Location Root Tag

Valley National Bancorp of Wayne, N.J., on Thursday reported first-quarter earnings fell to $27.4 million, from $37.4 million a year earlier.

Though smaller companies may still bid on individual failed banks, they may have to enlarge their bids — perhaps significantly — to compete with package buyers.

PremierWest Bancorp in Medford, Ore., narrowed losses and reduced chargeoffs in the first quarter, the company reported Thursday.

The South Financial Group in Greenville, S.C., reported Tuesday a large but narrowing first-quarter loss of $85.8 million. The $12.4 billion-asset company had lost $193.8 million a year earlier.

Sponsors of a Colorado Senate bill that would have barred the growing practice of merchants assessing surcharges on debit card transactions pulled the bill after it was amended to bar all automated teller machine surcharges.

After swinging to a first-quarter loss, PacWest Bancorp in San Diego — with a cleaned-up balance sheet — may be better poised to resume making winning bids for failed banks.

Community Capital Corp. in Greenwood, S.C., said its earnings jumped sharply in the first quarter as credit quality showed significant improvement.

Enterprise Financial Services Corp. of St. Louis said Tuesday that it narrowed its first-quarter loss to $3 million, from $51.8 million a year earlier, as credit costs declined but problem loans increased.

Seacoast Banking Corp. of Florida in Stuart has released to its investors $200 million in capital it was holding in escrow because it did not place the winning bid for Riverside National Bank in Fort Pierce, Fla.

While the company's purchase of the failed $237-million asset Butler Bank in Lowell, Mass., Friday wasn't the home run analysts had been anticipating, they expect more winning bids from the capital-rich People's as the Federal Deposit Insurance Corp. seeks institutions with experience in failed-bank deals.

Connecticut Attorney General Richard Blumenthal sued Westport National Bank and a Wilton, Conn., money manager on Monday for "effectively aiding and abetting" a fraud by the convicted Ponzi schemer Bernard Madoff.

Bank of Hawaii Corp. in Honolulu reported Monday that first-quarter earnings increased roughly 46%, to $52.7 million, compared with a year earlier. The rise was partly because of lower credit costs and higher net interest income.

The Office of the Comptroller of the Currency on Monday said that it reached a settlement with T Bank of Dallas that directs the bank to pay $5.1 million to more than 60,000 consumers adversely affected by its relationship with a third-party processor and several telemarketers. T Bank also agreed to pay a $100,000 civil money penalty to the Treasury Department.

Southwest Bancorp Inc. in Stillwater, Okla., said Monday that it had earned $3.3 million in the first quarter, more than 11 times its year-earlier profit.

CapitalSource Inc. in Chevy Chase, Md., announced Monday that it has acquired MainStreet Lender LLC, a Small Business Administration lender, for $100 million.

A Chicago start-up venture called GreenChoice Bank has entered into an agreement to acquire the undercapitalized Family Federal Savings of Illinois through a supervisory conversion.

After selling a large chunk of its nonperforming assets in the fourth quarter, State Bancorp Inc. in Jericho, N.Y., returned to profitability in the first quarter.

WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.

WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.

The $5.1 billion-asset company, with dual headquarters in Lansing, Mich., and Phoenix, announced Friday that it had entered into stock redemption agreements with the local owners of Fort Collins Commerce Bank, Larimer Bank of Commerce and Loveland Bank of Commerce.