Location Root Tag

Sanford Weill, the retired chairman and chief executive of Citigroup, and his wife, Joan, have pledged $185 million to the University of California at San Francisco to create a new research center.

Corporate governance experts normally recommend splitting the chairman and CEO roles at public companies, but Wells' shareholders let John Stumpf keep both jobs.

New York Community Bancorp in Westbury and Astoria Financial in Lake Success, N.Y., are one step closer to completing their merger.

Stonegate Bank in Pompano Beach, Fla., has agreed to buy Regent Bancorp in Davie, Fla.

Ally Financial reported strong loan and deposit growth in the first quarter, but a shift in the makeup of its automobile loan portfolio forced the Detroit company to nearly double its loan-loss provision from a year earlier.

Paragon Commercial Bank, Unity Bancorp and Nicolet Bankshares have found success by radically rethinking their strategies.

U.S. Century Bank in Miami has been freed from a regulatory consent order that had restricted its activities for nearly five years.

The $189 million-asset credit union has asked approval from state and federal regulators to convert to a state-chartered mutual savings bank.

Opus Bank in Irvine, Calif., reported a profit of $17.1 million in the first quarter, up 56% from a year earlier, as strong loan growth more than offset higher expenses and an uptick in problem loans. Its earnings per share climbed 50%, to 51 cents.

Bank of Hawaii in Honolulu said Monday that its first-quarter profit increased 18.3%, to $50.2 million, from a year earlier thanks to strong loan growth, improved credit quality and a hefty gain on sales of its Visa shares.

A decline in expenses and a modest rise in lending income boosted first-quarter profit at Popular in San Juan, Puerto Rico.

The Federal Reserve is giving the public more time to comment on Huntington Bancshares' agreement to buy FirstMerit in Akron, Ohio.

Simmons First National in Pine Bluff, Ark., plans to close 10 banks across four states by the end of the second quarter: three branches in Arkansas, four in the Missouri and Kansas region and three in Tennessee.

Bankers blamed regulators' new methodologies for rating certain energy loans – and a new two-stage shared national credit review process – for an increase in downgrades and loan-loss provisions. Regulators reportedly are reacting to an increase in second liens tied to exploration and production companies.

The biggest investor in Middleburg Financial plans to withhold support for the company's director nominees.

South State in Columbia, S.C., is planning to close 11 branches over the rest of this year.

Illinois, California and New York are all taking initial steps to try to crack down on borrower abuses in the fast-growing digital lending marketplace. The states are facing pressure to intervene because federal agencies have yet to take decisive action.

F.N.B.'s acquisition of Metro Bancorp bulked up the Pittsburgh company's loan book, but M&A costs ate into its first-quarter profit.

SunTrust Banks in Atlanta increased reserves for downgraded energy loans in the first quarter, but it was still able to produce solid revenue and earnings growth.

Associated Banc-Corp in Green Bay, Wis., reported first-quarter net income of $40 million Thursday, an 11% drop from the same period in 2015. In doing so the $28 billion-asset company joined the lengthening list of banks whose bottom lines fell victim to ongoing tumult in the energy market.