Americas

Commerce National Bank in Newport Beach Calif., on Monday posted a first-quarter profit that it credited largely to balance sheet growth.

Chemical Financial Corp. in Midland, Mich., said an acquisition helped its first-quarter earnings were more than triple from a year earlier.

Community National Bank in Great Neck, N.Y., said improved net interest income was instrumental in its posting a first-quarter profit of $623,000, compared with a $134,000 profit a year earlier.

Bank of Hawaii Corp. in Honolulu said Monday that its first-quarter earnings rose 4.4% from a year earlier, to $42.4 million.

The concept of bankruptcy as a surefire step toward recapitalization isn't always so surefire. Take the case of Nexity Bank.

Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.

Vensure Federal Credit Union in Mesa, Ariz., was taken under conservatorship Friday by the National Credit Union Administration.

Bank Mutual Corp. in Milwaukee returned to the black with first-quarter earnings of $1 million, after it reported a $76.4 million loss in the fourth quarter tied to a balance sheet restructuring.

Pacific Commerce Bank in Los Angeles said Friday that its chief executive has resigned to return to practicing law.

Webster Financial Corp. in Waterbury, Conn., on Friday reported a $33.5 million first-quarter profit, compared with a $6 million loss a year earlier, as credit costs subsided.