Retail & Commercial

Suffolk Bancorp of Riverhead, N.Y., continues to reinvent its management team, this time hiring James Gay as its chief credit officer.

Scottrade Bank has hired a former executive at TCF Financial (TCB) to launch an equipment finance unit.

Commercial customers will remain hesitant to spend, and thus borrow, until lawmakers resolve the uncertainties over the budget and economy, Huntington CEO Stephen Steinour says in an outlook that juggles optimism and caution.

Citizens First in Bowling Green, Ky., reported higher quarterly results as improved lending offset higher expenses.

Pan Pacific Bank in Fremont, Calif., reported another profitable quarter. The $113.3 million-asset bank earned $330,000 in the fourth quarter, compared to a $544,000 loss a year earlier.

Republic Bancorp (RBCAA) in Louisville, Ky., posted higher quarterly earnings after booking gains tied to recent failed-bank acquisitions.

Virginia Commerce Bancorp in Arlington took a quarterly hit to earnings after exiting the Troubled Asset Relief Program.

Smith, who retired this month after seven years as CEO of Fulton Financial in Pennsylvania, gives the cold, hard truth about leadership and puts it in historical terms.

Bank of America (BAC) reported profit dropped 63 percent as costs mounted from faulty foreclosures and flawed home loans made as long as a decade ago.

BB&T in Winston-Salem, N.C., posted an increase in quarterly earnings on higher mortgage fees and loan growth.