Utah

U.S. Bank has agreed to buy Ally Bank's document-custodian business.

Zions Bancorp. (ZIONS) in Salt Lake City has named Scott McLean as its new president.

Zions Bancorporation (ZION), the Utah lender that forecast last month the new Volcker Rule would wipe out its profit, said losses will be about half what it expected after regulators eased enforcement.

Zions Bancorp (ZION) in Salt Lake City has raised $162 million in an auction of subordinated debt.

Zions Bancorp. in Salt Lake City has raised $87.9 million in a sale of subordinated notes.

People's Utah Bancorp in American Fork is buying Lewiston Bancorp in Lewiston, Utah.

Third-quarter earnings at Taylor Capital Group (TAYC) more than doubled to $15 million from last year as mortgage banking revenue continued to soar.

The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.

In one of the first actions of its kind, the National Credit Union Administration has sued a real estate appraiser it says provided a faulty appraisal for a loan that left the now-defunct Utah Central Credit Union holding the bag for more than $400,000.

Members 1st Federal Credit Union in Mechanicsburg, Pa., fresh off a trademark infringement claim with a local bank, filed a new lawsuit Friday against Merrick Bank in South Jordan, Utah.

Beehive Credit Union in Salt Lake City, which once had assets of $200 million and unsuccessfully tried to convert to a mutual savings bank, was shut down Wednesday.

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

One Main Street LLC, an investment fund in New York City, has announced an agreement to buy the tiny Liberty Bank Inc. in Salt Lake City with a plan to expand it into a regional bank.

The government seized banks in three states late Friday, bringing the failure total in the new year to four.

Determining that Barnes Banking Co. of Kaysville, Utah, is "critically undercapitalized," the Federal Reserve Board said Monday that the company should issue new shares or sell itself to another depository institution by Friday.

A new group formed to buy failing banks plans to use its recent deal for tiny, well-capitalized Palisades National Bank as a springboard for further acquisitions.