Americas

Bank of New York Mellon and Northern Trust are charging money market investors more fees after previously cutting them major breaks in the low-rate environment.

BBVA Compass reported strong loan growth in the first quarter, but its net income fell sharply from the same period last year as weak energy prices forced the company to substantially boost its loan-loss reserves.

Royal Credit Union in Eau Claire, Wis., has agreed to buy Capital Bank in St. Paul, Minn., from First Sleepy Eye Bancorp in Sioux Falls, S.D.

Penn Community Bank didn’t have a CFO until it hired Stephanie Austin, who won praise for building a solid finance department at her previous job.

Umpqua Holdings in Oregon has promoted a business-banking executive to president of its bank unit.

First-quarter net income at the $22 billion-asset company fell 6.4% to $69 million year over year and earnings per share fell 6.7% to 98 cents.

First Mid-Illinois Bancshares in Mattoon has agreed to buy First Clover Leaf Financial in Edwardsville, Ill.

United Community Banks reported strong revenue and earnings gains in the first quarter thanks largely to a pair of recent acquisitions.

A $15 million gain from securities transactions and modest loan growth weren't enough to offset the impact of delinquent energy loans on Cullen/Frost Bankers' first-quarter profit.

Citizens National Bancshares of Bossier in Bossier City, La., has named Jason Smith, an executive vice president at subsidiary Citizens National Bank since 2008, as its president and chief executive.