Americas

Seacoast Banking Corp. of Florida (SBCF) in Stuart has agreed to buy The Bankshares in Winter Park, Fla.

Three of Certus' ousted executives depict a behind-the-scenes struggle at the Greenville, S.C., bank as management, directors and investors were often working at cross purposes. The lawsuit also discusses a possible merger with an unnamed bank that never took place.

Improved credit quality and income from venture capital and private equity investments helped SVB Financial (SIVB) in Santa Clara, Calif., more than double its first-quarter profits.

TFS Financial (TFSL) in Cleveland boosted first-quarter profits by 28% as improved credit quality allowed it to chop its loan-loss provision in half.

Aided by strong growth in loans and income from trust services, City National (CYN) in Los Angeles reported net income $54.5 million the first quarter, up 6% from the same period last year.

Harvard Illinois Bancorp wants to name the son of a retiring director to replace him. It says the son is qualified for the job, but investor Joseph Stilwell -- who is backing another nominee to the board -- disagrees.

First Merchants Corp.(FRME) in Muncie, Ind., is benefiting from loan growth after a recent acquisition.

Reliant Bank in Brentwood, Tenn., is reportedly in talks to sell itself with Commerce Union Bank in Springfield, Tenn.

LONGVIEW, Wash. — Cowlitz CU here has announced that it will merge with Red Canoe CU.

An plunge in income tax expenses and organic loan growth helped propel Valley National Bancorp (VLY) in Wayne, N.J., to a solid first quarter.