Americas

Porter Bancorp in Louisville, Ky., has agreed to pay $1.1 million to settle a lawsuit alleging mismanagement of a former client's employee stock ownership plan.

Regions Financial in Birmingham, Ala., reported higher quarterly profit on stronger fee income.

Signature Bank in New York reported higher second-quarter profit due to a rise in interest-earning assets.

The Federal Reserve Board issued an enforcement action against one of the biggest banks in China on Tuesday, ordering its New York branch to undergo broad restructuring of its anti-money-laundering compliance program.

Fifth Third Bancorp in Cincinnati reported a decline in second-quarter profit, as the costs to close branches offset loan growth.

Citizens Financial Group in Providence, R.I., showed strong consumer loan growth in the second quarter but fell slightly short of analysts' quarterly estimates as its margins declined.

CenterState Banks in Davenport, Fla., has a new president and chief executive.

Synovus Financial in Columbus, Ga., reported higher second-quarter income tied to a lower loan-loss provision.

FirstBank Holding in Lakewood, Colo., reported higher profit through the first half of this year, as both loans and deposits grew.

BancorpSouth in Tupelo, Miss., reported higher second-quarter profit, as an increase in loan volume offset lower yields on loans and leases.