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Brian Moynihan, Bank of America's chairman and CEO, told investors Thursday that revenue from fixed-income and equity markets should decline by 5% to 6% in the third quarter compared with a year ago. The Charlotte, N.C., bank will continue to have a higher efficiency ratio relative to its peers because of the high costs of paying financial advisers.

Codorus Valley Bancorp in York, Pa., has Brian Brunner to the board of its PeoplesBank. Brunner is the division president of account and item processing sales within Fiserv's global sales organization.

Promontory Financial Group has hired former Citigroup and Bank of America executive Eugene McQuade.

Prudential Bancorp in Philadelphia has named Anthony Migliorino to the newly created job of chief operating officer.

BankUnited in Miami Lakes, Fla., will book a $50 million income-tax benefit in the third quarter.

The $3.4 billion-asset company plans to use the proceeds for general corporate purposes, possible acquisitions and capital investments in Bridgehampton National Bank.

The $2 billion-asset company said in a press release Wednesday that Douglas Glenn resigned as president and chief executive. Glenn, who was 48 as of the company's April 27 proxy, also resigned as a director. He had been the chief executive since August 2011.

A Federal Reserve decision is expected soon on M&T's long-delayed application to buy Hudson City Bancorp. M&T would still get strategic benefits it sought, but Hudson City has shrunk and become less profitable since it agreed to sell three years ago, and the cost of the deal has risen.

CircleBack Lending, a Boca Raton, Fla., marketplace lender, has completed a $17.4 million round of equity financing.

Iberiabank in Lafayette, La., plans to close eight branches in Louisiana, Alabama and Florida.

Simmons First National in Pine Bluff, Ark., has agreed to an early termination of its federal loss-share agreements for its acquisition of four failed banks.

Alliance Data Systems has agreed to work with Toyota on a new line of private-label credit cards and to manage the Japanese automaker's existing co-branded card program.

Peoples Community Bank in Greenville, Mo., has agreed to buy Cabool State Bank, also in Missouri.

Baker Boyer National Bank in Walla Walla, Wash., has tapped president Mark Kajita as its new chief executive.

PSB Holdings in Putnam, Conn., plans to convert from mutual ownership to a stock-owned bank.

Central Federal Savings & Loan Association of Rolla in Missouri has filed plans to convert from a mutual to a fully stock-owned bank.

Citizens Financial Group in Providence, R.I., has named Christine Cumming, a former Federal Reserve Bank of New York executive, to its board.

Some of the world's biggest banks, including JPMorgan Chase and Barclays, are exploring the use of bitcoin's underlying technology to overhaul financial markets.

The California Department of Business Oversight, which regulates financial services and products, has promoted Debie Abella to head of bank regulation and supervision.

Umpqua Holdings in Portland, Ore., said Luanne Calvert, chief marketing officer at Virgin America, will join its board on Sept. 25.