Americas

Pacific Premier Bancorp in Irvine, Calif., has agreed to buy Independence Bank in Newport Beach, Calif.

U.S. Bancorp reported a steady quarterly profit that matched analysts' estimates as the company made more loans to businesses.

First Horizon National in Memphis, Tenn., has agreed to buy TrustAtlantic Financial in Raleigh, N.C.

LOS ANGELES — Credit unions may have found a powerful new ally in their long-running battle to increase their recognition by the general public.

Cece Stewart, a 35-year banking veteran who retired from Citigroup in April, has joined the board of First Horizon National Corp. in Memphis, Tenn.

Subprime auto lender Exeter Finance will have a new chief executive in two weeks.

TrustCo Bank in Glenville, N.Y., reported higher quarterly earnings driven by increased lending. The $4.6 billion-asset company's third-quarter earnings rose 5% from a year earlier, to $10.7 million.

Empire Bancorp in Islandia, N.Y., posted stronger quarterly earnings after working to make loans a higher percentage of total assets.

Regions Financial in Birmingham, Ala., will stop using high-to-low reordering of checks and debits next year, resulting in a revenue loss of between $10 million and $15 million per quarter.

The Mortgage Bankers Association is honoring Pentagon Federal Credit Union in Alexandria, Va., for providing affordable housing and post-deployment assistance to military families and war veterans.