Jack Barnes, the president and chief executive at People's United Bank in Bridgeport, Conn., said Thursday that $28 billion-asset has submitted an application to the OCC to switch from a federally chartered thrift to a national bank as part of a broader plan to bulk up in commercial lending.

Royal Bank of Canada will continue to leverage its domestic retail franchise to build its global wealth-management presence, CEO Gordon Nixon said Friday.

Glacier Bancorp Inc. in Kalispell, Mont., said late Thursday that it intends to take a goodwill impairment charge of between $30 million and $35 million in the third quarter to reflect the recent decline in its market value.

Memphis bank's Jordan discusses how he will balance the two roles starting Jan. 1, distinguishes First Horizon's new debit fees from Bank of America's and sets sights on possible deals.

Capital One Financial reported a small increase in third-quarter profit Thursday as the bank's loan writeoffs and delinquencies continued to fall.

Ahead of an expected wave of corporate asset sales and capital raises, Sandler O'Neill & Partners has hired a team of investment bankers adept at advising troubled companies.

The price First Financial paid to acquire Freestar is likely to encourage more prospective sellers.

First Niagara Financial Group Inc. on Thursday reported third-quarter earnings that were weighed down by more than $16 million in costs from closing former Harleysville National Corp. branches in Pennsylvania.

Iberiabank Corp. has agreed to pay $2.5 million to settle claims the Lafayette, La., company illegally charged customers excessive overdraft fees.

M&T and Comerica defended the deal-related charges that hurt their third-quarter earnings, saying future fees and new business will make the costs a distant memory. PNC says its deals will pay off quickly, too.

Bank of America Corp., once the nation's largest residential mortgage lender, has dropped to third place, defeating the original purpose of its ill-fated takeover of Countrywide Financial Corp.

Breakdown of M&A announcements for latest week

FNB United Corp.'s private-equity led buyout of a rival bank cleared another key hurdle after FNB's shareholders approved the acquisition of Bank of Granite Corp.

TD Retail Card Services in Mahwah, N.J., said on Wednesday that it will develop and administer a private-label credit card program for retailer Ashley Furniture Industries Inc.

M&T Bank Corp.'s third-quarter earnings fell 4.6% on merger-related charges as the regional bank continued to reduce the amount of loans written off.

PNC Financial Services Group Inc.'s third-quarter profit slipped 25% absent a big year-earlier acquisition gain, though revenue also dropped slightly as both noninterest and net interest income dipped from a year earlier.

Comerica Inc.'s third-quarter earnings rose 66% after an acquisition helped add $2 billion of loans to the financial-services company's portfolio.

The bank has little choice but to shrink itself through asset sales and layoffs, but the process is slow, demoralizing and no answer to future growth.