Americas

Eastern Bank has hired the Massachusetts market president of Citizens Bank, Quincy Miller, to be its chief banking officer.

Horizon Bancorp in Michigan City, Ind., has exited the Small Business Lending Fund program.

Salisbury Bancorp in Lakeville, Conn., has named James Cotter the chief operating officer of Salisbury Bank & Trust.

First Choice Bank in Cerritos, Calif., has promoted Nicole Swain to the newly created position of chief banking officer.

Fourth-quarter profit tanked at CIT Group in New York, as the costs to dismiss former OneWest Bank executives, and losses tied to the sale of Brazilian businesses weighed on results.

Old National Bancorp's decision to repurchase branch offices that it had been leasing helped boost the Evansville, Ind., company's fourth-quarter profit.

PL Capital is raising money for a new fund that'll target banks with up to $75 billion of assets, after 20 years of sticking to just community banks with less than $3 billion of assets. In this Q&A, Richard Lashley explains why activist investors are eyeing bigger banks now and how banks can avoid his kind.

Fourth-quarter profit improved at Investors Bancorp, as the Short Hills, N.J., company originated more multifamily, business and commercial real estate loans

CoBiz Financial in Denver postponed a conference call to discuss its fourth-quarter earnings, after an $11.2 million loan was downgraded and placed into nonaccrual status.

TFS Financial in Cleveland reported higher fourth-quarter profit, citing a $1 million negative loan-loss provision.