Location Root Tag

MERIDEN, Conn.—Small credit unions in Connecticut are set to receive marketing assistance for the rest of 2015 thanks to a partnership between the Connecticut CU League and a marketing firm specializing in credit union promotions.

Higher-than-expected revenue growth and improved asset quality propelled Northern Trust Corp. to strong profit gains in the quarter that ended March 31.

The first quarter was another banner one for Signature Bank in New York, which reported record net income of $83.4 million, topping its 2014 first-quarter results by 26%.

Rabobank in Roseville, Calif., has agreed to sell a branch in California to Plumas Bancorp in Quincy, Calif.

TCF Financial in Wayzata, Minn., reported lower profits because of a decline in fee income and flat performance in its loan book.

Fifth Third Bancorp in Cincinnati reported higher first-quarter profit as higher fee income and lower expenses offset a decline in net interest income.

Synovus Financial in Columbus, Ga., posted higher quarterly earnings as its loan-loss provision continued to decline.

Chemical Financial has retooled its organizational structure as part of the Midland, Mich., company's succession planning.

CenterState Banks in Davenport, Fla., has agreed to buy a branch from the parent of SouthBank in Palm Beach Gardens, Fla.

M&T Bank in Buffalo, N.Y., reported an increase in its first-quarter profit on the strength of higher mortgage banking revenue, but its results fell well short of analysts’ estimates as loan growth failed to meet expectations.

SunTrust Banks in Atlanta reported higher first-quarter profit as stronger fee income and lower expenses helped offset a drop in income from lending.

OFG Bancorp in San Juan, Puerto Rico, said it will record a $24 million provision tied to a loan participation it placed on nonaccrual status.

Coastal Financial and Prime Pacific Financial Services, each based in Snohomish County, Wash., have agreed to merge.

LATHAN, N.Y. — Community Resource Federal Credit Union's board of directors has named Terry Langlois as the new president and CEO, effective May 1.

First Horizon National in Memphis, Tenn., swung to a first-quarter loss after it paid $212.5 million to settle an investigation into its pre-crisis mortgage dealings.

It took Hudson City Bancorp in Paramus, N.J., less than two weeks to decide that it is still committed to selling itself to M&T Bank in Buffalo.

Home Bancshares in Conway, Ark., has bids out to buy three banks that, if successful, would add $2 billion in assets.

People's United Financial in Bridgeport, Conn., reported higher first-quarter profit on higher lending fees and gains on the sale of loans.

Sandy Spring Bancorp, in Olney, Md., reported an increase in quarterly profit because of an increase in mortgage revenue.

Hampton Roads Bankshares in Virginia Beach, Va., plans to merge its banks and change its name to Shore Financial.