Location Root Tag

Profits at U.S. Bancorp held steady in the third quarter as the Minneapolis company on Wednesday reported a mix of both higher fees and salary-related costs.

In a world that is moving faster than ever before, consumers complete transactions at the register with a simple tap of a phone and transfer money across accounts in seconds.

Its loan-loss provision increased largely due to energy-related loans, but Hancock Holding in Gulfport, Miss., still reported higher third-quarter profits. Lower expenses and an increase in lending for healthcare, equipment finance and mortgages were the main reasons.

First Tennessee Bank in Memphis has recruited a quartet of executives for its expanding specialty banking lines that serve the franchising, healthcare, music, and transportation industries.

Profits at Fulton Financial in Lancaster, Pa., surged 21% in the third quarter compared with a year earlier thanks largely to robust fee income growth and tight expense control.

CenterState Banks in Davenport, Fla., has agreed to buy Platinum Bank Holding Company in Brandon, Fla., in a $83.9 million cash-and-stock deal.

PacWest Bancorp in Los Angeles reported higher third-quarter profits thanks to higher net interest income, increased commissions and fees and the elimination of its loss-sharing agreements.

Rhode Island, while geographically small, represents strong business prospects for London-based WorldRemit.

Ameris Bancorp in Moultrie, Ga., reported a double-digit increase in profits thanks to an acquisition, organic loan growth and other factors.

Wintrust Financial in Rosemont, Ill., rode strong gains in both interest and fee income to a record profit in the third quarter.

Oconee Financial in Watkinsville, Ga., has named a former Atlanta-area banker its new chief executive.

Strong growth in deposits and mobile users at Bank of America, together with questions tied to the phony account scandal at Wells Fargo, had B of A executives addressing whether their bank and others would be better off than ever by scaling back branches.

Bank of America's chief financial officer on Tuesday downplayed the odds of a Wells-Fargo-style phony-account scandal at B of A, contending that it does not use hard-charging sales tactics.

Australia's banks have submitted a formal statement to the Australian Competition and Consumer Commission slamming Apple.

Opus Bank in Irvine, Calif., said Monday that it expects to report a third-quarter loss of 5 cents a share, reflecting $38.8 million in chargeoffs tied to eight loans in its technology, commercial and specialty lending divisions.

Northwest Bancshares in Warren, Pa., has agreed to buy Winans Insurance & Employee Benefits in Warren.

WSFS Financial in Wilmington, Del., has bought the assets of West Capital Management in Philadelphia.

Profit at Farmers & Merchants Bank of Long Beach in California improved in the third quarter, due to loan growth and increased securities income.

BancorpSouth has extended the deadline to complete two acquisitions until the end of 2017 as it seeks to resolve a recent CRA downgrade.

First Bancshares in Hattiesburg, Miss., has agreed to buy two banks in Alabama and Florida and it announced plans for a capital-raise to fund the deals.