New York

The company received bad news about the commercial loan after it reported a narrow profit in mid-February.

Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.

Sterling would gain $458 million in loans and an origination platform by acquiring Advantage Funding Management.

The company will still use the building for its main office, but it will move its administrative staff to another building.

The company, which has been actively curbing growth to avoid becoming a systemically important financial institution, reported lower loan balances and reduced fee income after exiting the residential wholesale mortgage business.

The results included a $222 million goodwill impairment charge and other one-time items.

Meta Financial expects to originate $500 million to $1 billion in personal loans as part of a three-year partnership with Liberty Lending in New York.

The New York company recorded more than $130 million of expenses tied to its October purchase of Astoria Financial.

The New York multifamily lender is making steady progress in a multiyear effort to reduce its dependency on commercial real estate.

BNY Mellon plowed some of its tax law savings into restructuring efforts.