Americas

Iberiabank in Lafayette, La., has agreed to acquire Old Florida Bancshares in Orlando.

Citizens Financial Group, releasing results for the first time since its initial public offering, said third-quarter profit rose 31% as the bank set aside less money for bad loans. The firm declared a 10-cent quarterly dividend.

Regulators on Friday closed The National Republic Bank of Chicago, the 16th institution to fail this year.

The company's $800 million goodwill impairment charge may reflect macroeconomic factors, but also likely resulted from a purchase of HSBC branches two years ago. Other banks are unlikely to face the exact same issues, observers said.

PlainsCapital Bank in Dallas said on Friday that it plans to close 11 branches in the Rio Grande Valley.

A Minnesota community bank has made an offer to buy American Bank of St. Paul in what would be the first time a bank was forced into a sale over unpaid trust-preferred debt.

KANSAS CITY, Mo. and SAN FRANCISCO — As the World Series plays on, CEOs at credit unions in the home cities of the Royals and Giants have a friendly wager on the outcome.

The $2.4 billion-asset company's earnings tripled from a year earlier, to $2.5 million in the third quarter. Earnings were up 14.4% from the second quarter.

Tompkins Financial in Ithaca, N.Y., reported slightly lower quarterly earnings due to higher costs and lower fee-based revenue.

HUNSTVILLE, Ala. — In an effort to increase its checking account activity, Redstone Federal Credit Union here developed a comprehensive solution, including a new debit-engaging app.