Americas

The deal between Sterling Financial and First Independent, both of Washington state, relies on a complex carve-out from a bank holding company. Creative maneuvers are needed these days, but this model isn't for everyone.

OmniAmerican Bancorp Inc. in Fort Worth, Texas, reported a five-fold increase in third-quarter earnings from a year earlier, to $1 million, due primarily to improved asset quality.

Nara Bancorp Inc. and Center Financial Corp. said on Monday that they had cleared their last regulatory hurdle for their planned merger after they received approval from the Federal Deposit Insurance Corp.

The Spokane, Wash., bank added a chapter to its comeback story Monday in agreeing to buy the banking operations of an instate rival.

BB&T Corp., the ninth-largest U.S. bank by deposits, may consider acquisitions in Maryland and Texas to reach at least a No. 5 market share in those states, chief executive officer Kelly King said.

Community Bancorp LLC in Houston said Wednesday that it will change its name to Cadence Bancorp LLC next week.

With its future in doubt, the company hires investment banks to help it explore its options.

Royal Bancshares of Pennsylvania Inc. reported a third-quarter loss of $1.9 million and an impairment charge overshadowed improved credit trends.

The Illinois Department of Financial Institutions closed the $37.8 million-asset All American Bank in Des Plaines on Friday.

First Business Financial Services Inc. in Madison, Wis., reported third-quarter earnings of $2.2 million, more than double its profit from a year ago, thanks to strong revenue and margin growth.