Retail & Commercial

The Bancorp in Wilmington, Del., has agreed to sell most of its health-savings account portfolio to HealthEquity in Draper, Utah.

Anchor Bancorp in Lacey, Wash., could eventually sell itself after reaching a truce with an activist investor.

Citizens Financial Group in Providence, R.I., managed to build up lending and hold its margins relatively steady last quarter, leading to a healthy gain in profits.

Level One Bancorp in Farmington Hills, Mich., has agreed to buy Bank of Michigan in Farmington Hills. Level One said it will pay $17 a share in cash for the $110 million-asset Bank of Michigan. The deal is expected to close in the first quarter.

Heartland Financial USA is Dubuque, Iowa, has agreed to buy CIC Bancshares in Denver.

With the EMV liability shift having just passed, banks and merchants alike are scrambling to comply with the card network-imposed deadline.

Hancock Holding in Gulfport, Miss., reported a lower third-quarter profit, citing a decline in net interest income and higher expenses.

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City National in Los Angeles reported a 3% increase in third-quarter profit, driven by double-digit loan growth.

Iberiabank in Lafayette, La., reported higher third-quarter earnings on loan growth and because of an acquisition.