Location Root Tag

The Office of the Comptroller of the Currency closed First National Bank of Crestview in Florida on Friday, marking this year's first bank failure.

Associated Banc-Corp in Green Bay, Wis., has agreed to buy Ahmann & Martin, a benefits consulting firm in Edina, Minn.

CMS Bancorp in White Plains, N.Y., is working through a material weakness unearthed by a recent audit.

Add hiring a new chief financial officer to Doral Financial's growing list of headaches. The $8 billion-asset San Juan, Puerto Rico, company disclosed in a regulatory filing Friday that Nancy Reinhard will resign as acting CFO and principal accounting officer.

Sunflower Financial in Salina, Kan., has canceled its planned purchase of First Western Financial in Denver. The $1.7 billion-asset Sunflower had agreed in September to buy the $688 million-asset First Financial.

Ten financial institutions, including four banks, will accept the new IDNYC card as a primary form of identification for new accounts. Community advocates hope the move will help more immigrants and unbanked individuals use banking products.

Franklin Financial Network in Franklin, Tenn., has filed for a $50 million initial public offering.

Republic Bancorp in Louisville, Ky., reported a quadrupling in profit due to higher interest income and lower expenses during the fourth quarter of 2014.

The $269 million-asset bank has named Russ Weyers as its president and chief executive, according to the Milwaukee Business Journal.

PrivateBancorp in Chicago reported higher quarterly profit as strong loan growth offset lower yields.

Bank of the Ozarks in Little Rock, Ark., reported a higher profit in the fourth quarter behind record net interest income.

PNC Financial Services Group in Pittsburgh reported flat earnings from a year earlier due to a slight drop in revenue and marginally higher costs.

Doral Financial in San Juan, Puerto Rico, disclosed in a regulatory filing Thursday that it sold about $181 million of loans to WOMF REV at a slight premium.

First Sound Bank in Seattle has agreed to buy Eastside Commercial Bank in Bellevue, Wash.

SVB Financial in Santa Clara, Calif., has agreed to sell a specialty finance business in India at a net loss.

SunTrust Banks in Atlanta reported lower fourth-quarter profits as legal costs related to mortgages offset an increase in loans and deposits.

Home BancShares in Conway, Ark., swallowed $1.7 million of merger-integration costs in the fourth quarter, capping a year of investment in its expansion.

Profits at People's United Financial in Bridgeport, Conn., edged up in the fourth quarter thanks to fee income and loan growth.

The president's job at Northwest Indiana Bancorp of Munster, Ind., has been passed on to a fourth generation of Bochnowski. The company said Benjamin Bochnowski, who remains the company's chief operating officer, will have the same posts at its bank.

Wintrust Financial in Rosemont, Ill., reported higher quarterly earnings on increased revenue, with fourth-quarter profit rose 8% from a year earlier, to $38.13 million.