Americas

City National Corporation (CYN) of Beverly Hills, Calif., posted net income of $55.1 million for the fourth quarter, up 17% from the same quarter a year earlier.

The $214 million-asset First Federal said in a press release Thursday that it will pay about $4.3 million in stock for the $73.7 million-asset Alpena. The deal is expected to close in the second or third quarter.

BancorpSouth (BXS) in Tupelo, Miss., reported a big jump in profit as credit quality continued to improve.

Farmers Capital Bank (FFKT) in Frankfort, Ky., is one step closer to being freed from a regulatory order.

Columbia Banking System (COLB) in Tacoma, Wash., reported higher quarterly earnings buoyed by last year's purchase of West Coast Bancorp in Lake Oswego, Ore.

National Penn Bancshares (NPBC) in Boyertown, Pa., will close nine branches as it looks to cut costs.

HomeTrust Bancshares (HTBI) in Asheville, N.C., has agreed to buy Jefferson Bancshares (JFBI) in Morristown, Tenn.

East West Bancorp (EWBC) in Pasadena, Calif., reported improved quarterly results after credit costs declined.

Bank deposit advances, which strongly resemble payday loans, have been facing extinction since coming into the crosshairs of federal banking regulators.

Texas Capital Bancshares (TCBI) is planning to sell 1.25 million shares of common stock in a public offering.