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Sun Bancorp in Mount Laurel, N.J., reported a quarterly loss as it continues to shrink its balance sheet.

DEPTFORD, N.J. — Benjamin Griffith, who has been president and CEO of South Jersey Federal Credit Union for 40 years, will retire in April.

North Dallas Bank & Trust is in wait-and-see mode after its largest shareholder's death.

Albuquerque, N.M. — New Mexico Educators Federal Credit Union on Friday paid more than $7 million to its qualifying member-owners.

The Illinois Department of Financial and Professional Regulation closed the $54.7 million-asset Highland Community Bank in Chicago on Friday.

Seaway Bank and Trust in Chicago has entered into a consent order with state and federal regulators.

Independent Bank Corp. of Ionia, Mich., is consolidating 14 of its 74 Michigan branches.

Prosperity Bancshares in Houston posted higher quarterly profit despite investor concern about the company's energy loans.

A small Georgia lender has reached a deal to avoid a threatened involuntary bankruptcy, though the resolution is likely to leave key legal questions on trust-preferred debt and bankruptcy unresolved.

OSHKOSH, Wis. — If three's a crowd, what's four? Even better, at CitizensFirst CU.

Huntingdon Valley Bank in Huntingdon Valley, Pa., and Victory Bank in Limerick, Pa., have called off a planned merger of equals.

First Horizon National in Memphis reported lower quarterly profits that were largely due to a dip in fee-based income.

First Citizens Banc Corp in Sandusky, Ohio, is changing its name.

ServisFirst Bancshares in Birmingham, Ala., which went public last spring, reported a 27% increase in earnings, to $15 million, in the fourth quarter. It also announced plans to expand into South Carolina.

Pinnacle Financial Partners posted strong fourth-quarter numbers thanks to loan growth centered around its Nashville and Knoxville markets in Tennessee.

Local bankers will try to pick up any business that could fall out as a result of the merger. And with one less bank to buy in Southern California, remaining franchises also may command scarcity value.

PacWest Bancorp in Los Angeles reported an increase in fourth-quarter profit, the second full quarter after its April acquisition of CapitalSource Bank, a commercial lender that targeted small and medium-sized businesses.

The $8 billion-asset company disclosed in a regulatory filing Thursday that David Hooston had returned to the company after a three-month leave to attend to personal family issues.

BankUnited in Miami Lakes, Fla., reported a drop in quarterly profits, as low yields weighed down the company's growing loan book and it faced some growth-related costs.

MADISON, Wis. — An aging credit union membership and the accompanying need to attract younger members is a message oft-heard by CUs in the United States, but the World Council of Credit Unions wants to solve the issue globally.