Americas

Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.

MoneyGram International Inc. said Thursday that its first-quarter net income rose 30% year over year, to $14 million.

Citizens Republic Bancorp Inc. in Flint, Mich., reported a loss of $68.7 million in the first quarter, a marked improvement over the $106 million it lost in the last quarter of 2010.

The personal financial management provider Geezeo Inc. said that it had entered an agreement to provide services to McCoy Myers & Associates Inc. of Amarillo, Texas, a division of Computer Services Inc.

United Community Bancshares Inc. in Blairsville, Ga., has not reported a profitable quarter since mid-2008, but its chief executive said Thursday that he expects that to change starting this quarter.

Things might be improving for Flagstar Bancorp Inc. in Troy, Mich., despite recording its eleventh straight quarterly loss on Wednesday.

Amalgamated Bank in New York has named Edward Grebow, a former private-equity firm executive, as its president and chief executive.

Abington Bancorp Inc. in Jenkintown, Pa., has settled a shareholder lawsuit alleging that officers and directors had breached their fiduciary duty when they agreed to sell the company to Susquehanna Bancshares Inc. for $273 million in stock.

Iberiabank Corp. in Lafayette, La., reported Tuesday that first-quarter earnings rose 12.6% from a year earlier, to $14.6 million, despite $1 million in acquisition costs.

Cullen/Frost Bankers Inc. in San Antonio said Wednesday that first-quarter earnings rose 8.6% from a year earlier, to $52 million.