Location Root Tag

Independent Bank in Ionia, Mich., reported lower quarterly earnings due to margin pressure and a significantly higher tax expense.

Opus Bank in Irvine, Calif., missed third-quarter earnings estimates, largely due to a steep increase in its loan loss provision.

Lakeland Financial in Warsaw, Ind., rode double-digit loan growth and credit-quality improvements to an 18% increase in profits.

Triumph Bancorp in Dallas is looking to raise $123 million through an initial public offering.

Hudson Valley Holding Corp. (HVB), a New York City-area lender with about $3.2 billion in assets, is exploring a sale, people with knowledge of the matter said.

Iberiabank in Lafayette, La., has agreed to acquire Old Florida Bancshares in Orlando.

Citizens Financial Group, releasing results for the first time since its initial public offering, said third-quarter profit rose 31% as the bank set aside less money for bad loans. The firm declared a 10-cent quarterly dividend.

Regulators on Friday closed The National Republic Bank of Chicago, the 16th institution to fail this year.

The company's $800 million goodwill impairment charge may reflect macroeconomic factors, but also likely resulted from a purchase of HSBC branches two years ago. Other banks are unlikely to face the exact same issues, observers said.

PlainsCapital Bank in Dallas said on Friday that it plans to close 11 branches in the Rio Grande Valley.

A Minnesota community bank has made an offer to buy American Bank of St. Paul in what would be the first time a bank was forced into a sale over unpaid trust-preferred debt.

KANSAS CITY, Mo. and SAN FRANCISCO — As the World Series plays on, CEOs at credit unions in the home cities of the Royals and Giants have a friendly wager on the outcome.

The $2.4 billion-asset company's earnings tripled from a year earlier, to $2.5 million in the third quarter. Earnings were up 14.4% from the second quarter.

Tompkins Financial in Ithaca, N.Y., reported slightly lower quarterly earnings due to higher costs and lower fee-based revenue.

HUNSTVILLE, Ala. — In an effort to increase its checking account activity, Redstone Federal Credit Union here developed a comprehensive solution, including a new debit-engaging app.

MOUNTAIN VIEW, Calif. — While cutting-edge banking transactions make life easier for members, the rub for IT departments is trying to marry multiple innovative solutions onto one platform.

PROVIDENCE, R.I. — In the credit/debit card arena, Oct. 15, 2015, is D-Day. That's when card issuers will be held responsible for fraud-related charges for cards issued without an EMV chip.

Enterprise Financial Services in St. Louis reported lower quarterly earnings on a narrower net interest margin.

First Waterloo Bancshares in Waterloo, Ill., has agreed to buy Prairie Financial Bancorp in Stewardson, Ill.

WASHINGTON — If people of different backgrounds and beliefs can come together to serve effectively on the board of a credit union, then members of both parties in Congress should be able to do the same.