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Profits soared at First Republic Bank in San Francisco thanks to lending growth in several categories and its expansion in wealth management.

Wells Fargo, Wall Street's top oil and gas banker, said first-quarter profit fell 5.9 percent as the firm set aside more money for soured energy loans and expenses increased.

Bank of America, the second-biggest U.S. lender by assets, said profit declined 13% on a drop in trading and underwriting revenue and a 30% increase in provisions for credit losses, mostly tied to souring energy loans.

Weakness in the energy sector is weighing on PNC Financial Services Group's profits. The Pittsburgh company said early Thursday that it earned $943 million in the first quarter, a nearly 6% decline from the same period last year.

Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages.

To date, only a handful of banks have become benefit corporations, but experts believe the number could rise as regulators become more comfortable with the concept.

First-quarter profit improved at Commerce Bancshares in Kansas City, Mo., as commercial-and-industrial loans increased.

Financial Institutions in Warsaw, N.Y., has offered an olive branch to resolve a proxy battle with an activist investor.

Noah Bank in in Elkins Park, Pa., has sued NOA Bank in Duluth, Ga., in a dispute between two Korean-American banks over trademarks and competitive intelligence.

Profits soared at Bank of the Ozarks in Little Rock, Ark., thanks primarily to its expanding loan portfolio.

Mitsubishi UFJ Financial Group and its U.S. subsidiary, MUFG Union Bank, have named Ranjana Clark to the role of San Francisco Bay Area president.

Midland States Bancorp in Effingham, Ill., is planning to raise $120 million through an initial public offering. The $company said in a regulatory filing Monday that it has applied to list shares on the Nasdaq Global Select Market.

Green Dot has named three new directors, ignoring the slate of nominees recently proposed by activist investor Harvest Capital Strategies.

Commerce Union Bancshares in Brentwood, Tenn., plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill.

Louisiana Community Bancorp in Houma has agreed to buy Tri-Parish Bancshares in Eunice, La.

Marsha Williams' appointment at the $141 billion-asset company takes effect immediately. Williams has been on Fifth Third's board since 2008.

USAA has hired Jennifer Sepull, a former Kimberly-Clark executive, as its chief information officer.

First Business Financial Services in Madison, Wis., has appointed David Seiler as chief operating officer. The $1.8 billion-asset holding company said Seiler will start in the newly created role on April 18.

Citizens National Bank in Henderson, Texas, has agreed to buy Kilgore National Bank in Kilgore, Texas.

The findings from the California Department of Business Oversight, which also included data on interest rates and delinquencies, could be a precursor to new state regulations.