The Ohio company has been giving customers longer grace periods to address overdraft charges. While it has seen service charges decline, the company has been adding customers and checking accounts.

City National Bank in Los Angeles said Thursday that its second-quarter profit rose 5% from the same period last year, driven by heavier demand for commercial loans.

The Senate Appropriations Committee approved a bill designed to fund certain government agencies, but which also included a bill by Sen. Richard Shelby, R-Ala, to provide regulatory relief for community banks.

The $1.7 billion-asset First State expects its deal for $264 million-asset Central to close before the end of the year.

HCBF Holding Co. in Fort Pierce, Fla., has agreed to buy OGS Investments in Gainesville, Fla.

A fifth of the financial institutions that participated in the Small Business Lending Fund have fully left the program and an increasing number of banks are joining them before the dividend rate jumps to 9% next year.

HomeTrust Bancshares in Asheville, N.C., will close six branches in North Carolina and Tennessee.

New York Community Bancorp in Westbury reported a modest increase in quarterly profit that included asset sales.

HSBC is promoting Gregory Pierce to head of global banking and markets for North and South America. He starts Sept. 1 and will be based in New York.

Regulators gave conditional approval for CIT Group's deal to buy OneWest Bank, paving the way for an institution that would be deemed systemically important, with $70 billion in combined assets.

A spike in core deposits increased funding costs and contributed to margin compression at Synovus in the second quarter. But the company could benefit from locking in liquidity now, particularly when interest rates rise.

Fifth Third Bancorp in Cincinnati reported a decline in second-quarter profit, as the costs to close branches offset loan growth.

Zions Bancorp. in Salt Lake City reported a second-quarter loss after selling the remainder of its portfolio of collateralized debt obligations.

A breakdown of M&A announcements in the financial services industry for the week ended July 18.

American Riviera Bank in Santa Barbara, Calif., has agreed to buy Bank of Santa Barbara.

Wells Financial in Minnesota has completed its purchase of St. James Federal Savings & Loan Association, in a deal closely watched by members of the mutual bank community.

PeoplesSouth Bank in Colquitt, Ga., has agreed to buy Cadence Bancorp's Florida Panhandle branch network.

The New Jersey company's entrée into New York City had been expected for years. A week after opening an office on Madison Avenue, ConnectOne is eager to court small businesses and identify possible people to hire.

Morgan Stanley reported profit that beat analysts' estimates as a jump in trading and brokerage fees led to the biggest revenue increase among the six largest U.S. banks. The shares climbed in early trading.

Preferred Bank in Los Angeles has agreed to buy United International Bank in Flushing, N.Y.