Americas

Santander Consumer USA Holdings on Wednesday reported a sharp drop in profits, due to losses tied to its exit from personal lending.

UMB Financial in Kansas City, Mo., reported higher fourth-quarter profit, thanks to loan growth tied to a recent acquisition.

The $649 million-asset holding company for Malvern Federal Savings Bank promoted Karen Walter to chief operating officer.

The Mississippi bank hopes its settlement talks with the CFPB and Justice Department ultimately clear the way for it to complete acquisitions in Texas and Louisiana, but time is running short.

JPMorgan Chase agreed to pay $995 million to resolve claims by Ambac Financial Group that it was duped into insuring mortgage bonds backed by shoddy loans, paving the way for approval of a much larger settlement between the bank and institutional investors stemming from the global financial crisis.

Trustmark in Jackson, Miss., reported lower quarterly profit after a decline in deposit service charges and mortgage banking offset loan growth and reduced expenses.

Popular Inc. in San Juan, Puerto Rico, reported a triple-digit increase in fourth-quarter profit on higher fee and interest income.

Flagstar Bancorp in Troy, Mich., said its fourth-quarter profit rose 20% to $33 million from a year earlier as its lending rose by nearly half and its expenses fell.

Customers Bancorp in Wyomissing, Pa., plans to raise $24 million in an offering of its preferred stock on the New York Stock Exchange.

ServisFirst Bancshares in Birmingham, Ala., has entered the Florida’s Tampa Bay area after hiring the former chief executive of Bay Cities Bank.