Americas

United Bancorp in Martins Ferry, Ohio, said its chief executive is stepping aside and that his son will take over day-to-day management.

West Virginia's City Holding is content to have loan officers drive several hours to pursue lending opportunities rather than relying on aggressive M&A. Part of the approach is tied to lessons learned from a risky strategy that blew up on a previous management team in the 1990s.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's use of technology to better handle distressed loans is "too good to be true."

PHH Corp. is considering selling its mortgage banking business, a move that is apparently being driven by some of the company's investors.

Talmer Bancorp in Troy, Mich., expects to raise $42.5 million in its initial public offering.

As Manhattan developers plan millions of square feet of office towers featuring the most modern amenities, some of their biggest potential tenants — banks — have decided they're better off staying in their current homes.

Iberiabank Corp. (IBKC) in Lafayette, La., has agreed to buy First Private Holdings in Dallas.

First Interstate BancSystem (FIBK) in Billings, Mont., has agreed to buy Mountain West Financial (MTWF) in Helena, Mont.

The $176 billion-asset company will close the center in the summer of 2015, the Roanoke Times reported, citing a BB&T spokesman.

Florida Bank in Tampa has been freed from a memorandum of understanding issued by state regulators, according to a report.