Americas

Modest loan growth, lower expenses and a sharp decrease in problem loans powered United Community Banks in Blairsville, Ga., to a $16.4 million profit in the second quarter.

Columbia Banking System in Tacoma, Wash., has agreed to buy Intermountain Community Bancorp in Sandpoint, Idaho. The $7.2 billion-asset Columbia will pay $121.5 million, or $18.22 a share, in cash and stock for the $911 million-asset Intermountain.

WesBanco in Wheeling, W. Va., reported higher quarterly net income because of loan growth and a lower cost of funds.

Financial Institutions in Warsaw, N.Y., the parent company of Five Star Bank, reported higher earnings along with strong loan and deposit growth.

Umpqua Holdings' second-quarter profit surpassed Wall Street expectations, which exclude costs tied to the Portland, Ore., company’s purchase of Sterling Financial.

United Financial Bancorp in Glastonbury, Conn., reported a second-quarter loss largely tied to the costs of merging with Rockville Financial.

HomeStreet in Seattle has added more banking experience to its board. The $3 billion-asset company recruited Timothy Chrisman, a former chairman of the Banc of California, to serve as a director.

The chief executive of Univest Bank and Trust in Souderton, Pa., is retiring after 43 years with the company.

Citizens Financial Group in Providence, R.I., has expanded its health care practice banking group to three additional states.

Quarterly profits plunged at Hudson City Bancorp in Paramus, N.J., last quarter as it awaits regulatory approval to be sold to M&T Bank.