Americas

BankUnited Inc. said Wednesday that second quarter net income fell 14% compared with a year earlier partly because of lower payments coming from the Federal Deposit Insurance Corp. related to its loss-share agreement.

Cascade Bancorp in Bend, Ore., announced this week that President and Chief Executive Officer Patricia L. Moss has notified its board that she intends to retire in July of next year.

Aided by growth in its residential mortgage portfolio, Valley National Bancorp in Wayne, N.J., reported a profit of $36.9 million in the second quarter, up 12% from the same period last year.

The Federal Reserve on Thursday announced written agreements with four banks, including the $2 billion-asset Old Second Bancorp Inc. in Aurora, Ill.

United Community Banks Inc. is finally back in the black after it unloaded scores of problem assets and raised $380 million of fresh capital.

IberiaBank Corp.'s shares plunged Wednesday after a litany of charges cut into the banking company's second quarter earnings.

BankAtlantic Bancorp Inc. returned to profitability in the second quarter due largely to its 19-branch sale to PNC Financial Services Group Inc.

First PacTrust Bancorp Inc. in Chula Vista, Calif., said Wednesday that it raised an additional $542,500 from a common stock offering after its underwriters exercised a small portion of an overallotment option.

Don Adam’s American Momentum shifts from building to buying in Sunshine State.

United Federal Credit Union in St. Joseph, Mich., has agreed to buy Griffith Savings Bank.