Americas

WSFS Financial (WSFS) Chief Executive Mark Turner has been picked to lead a Delaware business group.

To prove the value of the merger of Provident New York Bancorp and Sterling Bancorp, executives have to increase revenues at a much faster pace than expenses over the long haul, CEO Jack Kopnisky says.

Court referee Nancy Perez recommended that the Florida Supreme Court revoke David J. Stern's law license and order him to pay roughly $50,000 to cover the Florida Bar's legal costs, according to a report filed Oct. 30.

Quarterly profit rose 36% at BofI Holdings (BOFI) in San Diego, as the online bank's loan growth led to higher interest income.

Huntington Bancshares (HBAN) in Columbus, Ohio, has committed $25 million to help launch a microlending program for small businesses in Michigan.

Independence Bank in Newport Beach, Calif., has agreed to buy Premier Service Bank (PSBK) in Riverside.

Home Bancorp (HBCP) in Lafayette, La., has agreed to pay $34.5 million in cash for Britton & Koontz Capital (BKBK) in Natchez, Miss.

The $1 billion-asset company is looking to sell its branch in Ponte Vedra Beach for $3.5 million, the Jacksonville Business Journal reported Monday.

The Treasury Department plans to auction seven more lenders' Troubled Asset Relief Program shares, with a total face value of about $90 million.

Banesco USA in Coral Gables, Fla., reportedly received a $10 million investment from its shareholders during the third quarter.