Retail & Commercial

Opus Bank in Irvine, Calif., missed third-quarter earnings estimates, largely due to a steep increase in its loan loss provision.

Lakeland Financial in Warsaw, Ind., rode double-digit loan growth and credit-quality improvements to an 18% increase in profits.

Community banks have been steadily increasing their dealing in auto finance, an area with great potential and significant risk for unexperienced lenders.

A final piece of Bank of America Corp.'s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission, said four people familiar with the case.

The Consumer Financial Protection Bureau's report on private student loans should prompt lenders, regulators and universities to take action to help troubled borrowers and prevent future defaults.

Triumph Bancorp in Dallas is looking to raise $123 million through an initial public offering.

Fannie Mae reached a $170 million lawsuit settlement Friday to resolve allegations that it defrauded shareholders by making misleading statements about its risk management, mortgage exposure and overall finances.

Hudson Valley Holding Corp. (HVB), a New York City-area lender with about $3.2 billion in assets, is exploring a sale, people with knowledge of the matter said.

Iberiabank in Lafayette, La., has agreed to acquire Old Florida Bancshares in Orlando.

Citizens Financial Group, releasing results for the first time since its initial public offering, said third-quarter profit rose 31% as the bank set aside less money for bad loans. The firm declared a 10-cent quarterly dividend.