New York

Signature Bank in New York more than tripled its loan-loss reserves for taxi medallion and other loans in the second quarter yet still managed a double-digit increase in profits primarily on loan growth.

M&T Bank's second-quarter profit improved thanks to a lower loan-loss provision and other factors.

The three custody banks had been projected to post weak second-quarter results because of a lull in foreign exchange trading. Then Brexit happened, and everything changed.

Carver Bancorp in New York will likely report a loss for fiscal-year 2015 after restating its results. The company disclosed in a regulatory filing that the error is tied to the accrual of expenses related to invoices paid to its core system service provider.

A couple of years ago, the activist investor Joseph Stilwell said Anchor Bancorp in Lacey, Wash., deserved more time to try to right itself. Apparently he thinks that time is up.

The $5.2 billion-asset mutual said in a press release Thursday that Leonard Stekol had become its president. Stekol was also elected a trustee; he will remain chief operating officer.

As banks develop their customer digital banking channels it's increasingly clear mobile devices are the glue that will bring different experiences together. But there's one problem: mobile banking hasn't even really taken off yet.

Flushing Financial in Uniondale, N.Y., has raised $21 million in capital after selling an office building.

Medallion Bank in New York has sold nearly $100 million in prime-credit consumer loans, largely consisted of home improvement and recreational vehicle installment loans, to an unnamed buyer.

MVB Financial in Fairmont, W.Va., has sold most of its insurance business to USI Insurance Services in Valhalla, N.Y.