Americas

Banc of California (BANC) in Irvine has hired a group of bankers to lead its new correspondent lending group.

First Citizens Bancshares (FCNCA) turned stronger credit quality, higher mortgage income and lower foreclosure costs into a 17% gain in profits last quarter.

First M&F (FMFC) in Kosciusko, Miss., revised its second-quarter results, turning previously reported earnings into a loss.

Kentucky First Federal Bancorp (KFFB) in Hazard has received regulatory approval to pay a 10-cent dividend to its public shareholders.

BofI Holding (BOFI) in San Diego reported its sixth consecutive quarter of record profits as an expansion of its balance sheet led to higher lending income.

Sterling Bank in Spokane, Wash. will allow customers to transfer money to and from accounts at other financial institutions for free.

Sussex Bancorp (SSBX) in Franklin, N.J., has completed a $7.2 million capital raise.

Carlile Bancshares plans to merge and rename its two Colorado banking units.

A former chairman of the failed Premier Bank in Wilmette, Ill., has been charged with fraud in what prosecutors say is the first criminal case tied to the Troubled Asset Relief Program.

The Federal Reserve Board has terminated an enforcement action against Belt Valley Bank in Belt, Mont.