Americas

Liberty Bank & Trust in New Orleans has received regulatory approval to buy First Tuskegee Bank in Alabama, more than a year after the deal was first announced.

South State in Columbia, S.C., reported higher quarterly profits thanks to lower costs and higher fee-based income.

RICHARDSON, Texas — Texans Credit Union, which has been under NCUA conservatorship since April 2011, on Tuesday said it had net income of $21.7 million in 2014.

Homeowners associations seeking unpaid dues are seizing on a court decision allowing them to foreclose on properties ahead of banks, and the FHFA is litigating to defend Fannie and Freddie mortgages. Private lenders, meanwhile, are trying to keep the problem from spreading to more states.

RALEIGH, N.C. — Coastal Federal Credit Union said it has paid out in excess of $2.1 million in special dividends, earned by members through its VIP Program, making it the largest such payout in the four-year history of the program.

Old National Bancorp in Evansville, Ind., has agreed to buy Mutual Underwriters Insurance in Louisville, Ky.

Peer-to-peer and institution-to-small business loan marketplace Funding Circle launched a new fractional loan marketplace today, the San Francisco company announced.

Synovus Financial in Columbus, Ga., reported a sharp rise in fourth-quarter profit on loan growth, lower expenses, improved credit quality and other factors.

TYLER, Texas — For the second consecutive year, Cooperative Teachers Credit Union paid a year-end bonus dividend of $90,000 to its members.

Commerce Bancshares in Kansas City reported lower quarterly profit on higher expenses.