Retail & Commercial

Pacific Valley Bank (PVBK) in Salinas, Calif., will restate certain earnings after a review of its loan portfolio caused it to question certain loan classifications.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Fears that the Federal Reserve's reduction in mortgage-backed securities purchases this year would cause rates to skyrocket failed to come true. That's partly because there's less mortgage paper to buy.

Equifax Inc. disclosed in its quarterly report that it has received a request for information from the Consumer Financial Protection Bureau as part of an investigation into whether consumer reporting agencies are violating the law.

Provident Financial Services (PFS) in Iselin, N.J., reported a dip in quarterly profits because of lower fee income and higher operating costs.

Home value declines experienced during the recession have been, or are close to being, erased in nearly 20% of metro housing markets nationwide, according to Zillow Real Estate Market Reports first quarter assessment.

First Financial Holdings (SCBT) in Columbia, S.C., reported a big leap in first-quarter profits thanks largely to double-digit growth in its loan portfolio.

TowneBank (TOWN) in Suffolk, Va., said that improved credit quality helped boost its first-quarter earnings 6.3% from a year earlier, to $11.1 million.

Idaho Banking is the latest bank set to change hands through the bankruptcy process.

Howard Bancorp in Ellicott City, Md., has agreed to buy a branch from Rising Sun Bancorp in Rising Sun, Md.