Location Root Tag

Recent steps by New York Community Bancorp to lower its borrowing costs paid off last quarter in higher net interest income and profits.

Huntington Bancshares in Columbus, Ohio, withstood issues in its energy portfolio to report higher quarterly profit.

Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.

Ally Financial has blasted a proxy advisory firm for its recommendation that shareholders vote against the re-election of four of the Detroit company's directors.

MB Financial in Chicago said its first-quarter profit rose 15.6% from a year earlier as fee income rose and expenses fell.

Profit declined at Fulton Financial in Lancaster, Pa., in the first quarter, as broad-based loan growth was offset by a drop in noninterest income.

Hancock Holding in Gulfport, Miss., reported a steep drop in quarterly earnings that reflected ongoing energy woes.

Sometimes boards have to police their own, as an insider-trading case involving a Pinnacle Financial director shows. The risks are especially high when banks enter confidential merger talks.

Community Bank in Pasadena, Calif., said Tuesday that it has named Lyle Knight, a former CEO of First Interstate BancSystem in Billings, Mont., to its board.

Middleburg Financial in Middleburg, Va., is facing pressure from its biggest shareholder to find a buyer.

Farmers Bank in Frankfort, Ind., has named a new chief executive, after its previous leader died of cancer.

Richard Krauland will retire later this year as chief executive of NexTier Bank in Butler, Pa., after leading the institution through two mergers and name changes.

Revenue at Webster Financial in Waterbury, Conn., hit a record $240.6 million in the first quarter, but expenses related to its expansion in Boston and an uptick in net chargeoffs kept profits flat.

Summit State Bank in Santa Rosa, Calif., has a new chief executive.

An improvement in fees collected for trust and investment services at Northern Trust contributed to an increase in first-quarter profit.

Wintrust Financial in Rosemont, Ill., in the first quarter reaped the benefits of several M&A deals that it completed last year.

Porter Bancorp in Louisville, Ky., used part of $5 million it raised in a private placement to become current on interest payments on some debt holdings.

William Penn Bancorp in Levittown, Pa., is facing pressure from an activist to conduct a mutual conversion.

M&T is squeezing savings out of its newly purchased Hudson City Bancorp after fighting long and hard for regulatory approval. But it's also taking steps to keep Hudson City's customers from leaving, like offering higher rates on CDs in the New Jersey area.

Bank Leumi USA has hired two bankers from Citigroup, Elsa Burton and Craig Warden, to help lead its operations in Los Angeles.