Stephen Steinour, chief executive of Huntington Bancshares in Columbus, Ohio, has pursued a risky strategy of taking losses in exchange for adding new customers, the Cleveland Plain Dealer reported.

Heartland Financial USA in Dubuque, Iowa, has completed its acquisition of CIC Bancshares in Denver and made related executive moves.

Sunshine Financial in Tallahassee, Fla., has agreed to name a new board member in exchange for a truce with an activist investor.

Pioneer Bank in Dripping Springs, Texas, has promoted Elizabeth Blose to chief financial officer as it works to finalize a merger deal and relocate its headquarters.

Bankers need to let investors know in advance what types of deals they are willing to pursue, along with the financial parameters. Doing so is a critical step in managing shareholder expectations at a time when consolidation is heating up.

CenterState Banks in Davenport, Fla., will record a first-quarter $17.5 million net loss on the early termination of its loss-share agreements associated with seven failed banks.

Horizon Bancorp in Michigan City, Ind., has agreed to buy Kosciusko Financial in Mentone, Ind.

Commercial BancGroup in Harrogate, Tenn., has agreed to buy NBN Corp. in Newport, Tenn., outbidding a rival in a bankruptcy court auction.

TCF Financial in Wayzata, Minn., will close 33 branches inside Jewel-Osco stores in the Chicago area.

First Resource Bank in Exton, Pa., has received federal regulatory approval to exit the Small Business Lending Fund program.

A former BBCN Bancorp director said that four of the Los Angeles company’s 13 directors did not vote for its purchase of Wilshire Bancorp.

A pair of directors at Malvern Bancorp in Paoli, Pa., have resigned just days after a large investor refused to support their re-election.

Atlantic Capital Bancshares in Atlanta has formed a lending division to focus on the emerging film and entertainment industry in Georgia.

The industry's rapid change is shining a spotlight on middle and senior managers who inherit positions and often have to fix the messes — while maintaining the successes — of their predecessors.

A pair of former BBCN directors said they resigned due to issues with the company's corporate governance and the leadership of Chairman and CEO Kevin Kim. BBCN claims the directors, who voted against its planned acquisition of Wilshire Bancorp, resigned after they were informed of plans to remove them from the board.

Allegiance Bancshares in Houston has sold two branches to Incommons Bank in Mexia, Texas.

Horizon Bancorp in Michigan City, Ind., has exited the Small Business Lending Fund program.

CEO Jeffrey Brown spent much of the firm's quarterly earnings call Tuesday responding to the demands of shareholders who are unhappy with Ally's weak stock price.

The near future may find more banks ceasing to originate residential mortgages in an effort to stop the slide in stock prices.

The central bank should not delay putting in place a long-term plan that diminishes its outsized influence and allows the financial markets to work without interference.