Americas

Hudson City Bancorp in Paramus, N.J., reported lower quarterly profits as its loan book keeps shrinking.

Doral Financial in San Juan, Puerto Rico, said that the FDIC has placed its bank under a prompt corrective action directive, an enforcement order that is often considered one of the last public warnings before regulators move to place the bank into conservatorship.

Cullen/Frost Bankers in San Antonio has a new president.

MADISON, Wis. — As part of its restructuring efforts with state leagues, CUNA plans to survey credit union CEOs as early as next week.

MADISON, Wis. — When it comes to private student loans, the growing success of Internet-driven lending models that can offer lower rates has caught the attention of some credit unions executives.

Alexandria, Va. — Pentagon Federal Credit Union (PenFed), the $18.6-billion institution based in Alexandria, Va. has introduced a new financial product for its membership: the "Access America" checking account.

United Community Banks in Blairsville, Ga., has agreed to buy MoneyTree Corp. in Lenoir City, Tenn.

Farmers National Banc Corp. in Canfield, Ohio, has agreed to buy National Bancshares in Orrville, Ohio.

FirstMerit in Akron, Ohio, reported higher quarterly earnings as cost controls compensated for a decline in interest income.

Carroll Bancorp in Sykesville, Md., has raised $5.1 million through a private placement of its common stock.