Americas

Chief Executive Richard Davis said Tuesday that he expects a “neutral outcome” in the second quarter, as low interest rates continue to weigh on income from loans.

Bank of the Ozarks in Little Rock, Ark., has launched a subordinated debt offering that was well telegraphed to the market but that is smaller than some had anticipated.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

Byline Bancorp in Chicago is expanding into Wisconsin with a deal to buy Ridgestone Financial Services in Brookfield, Wis., for $105 million in cash and stock.

Bank of New York Mellon will pay a $30 million penalty to the U.S. Securities and Exchange Commission in a settlement related to the bank's pricing of foreign-exchange transitions.

First NBC Bank Holding in New Orleans, which delayed the release of its 2015 annual report earlier this year, said it has submitted a plan to Nasdaq to get back on schedule with its filing of financial statements.

State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.

The latest shot was fired this week in the ongoing feud between an investor group and Seacoast Banking Corp. of Florida in Stuart.

The Delaware Credit Union League announced its member credit unions voted unanimously — by a tally of 28-0 — to merge the DCUL with the Cooperative Credit Union Association.

Umpqua Holdings in Portland, Ore., has found a bank partner to join in its bid to bring new banking technologies to market.