Banking

Lakeland Financial Corp. in Warsaw, Ind., said its second-quarter profit rose 13% to $12.8 million on loan and deposit growth and higher net interest income.

First South Bancorp in Washington, N.C., has acquired a portfolio of mortgage servicing rights.

Once skeptical of robo advisers, retail banks are starting to embrace them. Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

B of A says customers are becoming inundated with wallet options, so they are holding out on building their own.

EverBank Financial, the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor, according to people familiar with the matter.

Regulators sought to limit improper contact between lenders and appraisers, but policies of the two mortgage giants encourage the kind of practices that contributed to the housing crisis.

Despite charging off millions of dollars of energy loans, the parent company of San Francisco-based MUFG Union Bank rode higher affiliate fees, securities gains and expense cutbacks to quarterly profit growth.

Regulators are removing several items from call reports, including details on troubled-debt restructurings and loss-share portfolios. Bankers are pleased, but the absence of certain data could frustrate outsiders.

Waterstone Financial reported a 71% year-over-year jump in net income during the second quarter thanks to growth in its mortgage banking division.

Bank of Hawaii in Honolulu reported higher quarterly profit that reflected deposit growth.

Santander Consumer Holdings USA on Monday delayed the release of its quarterly results amid ongoing accounting woes.

Now is the time to correct the mistakes of interchange price controls that harm consumers and community financial institutions to the benefit of merchants.

Some big banks are venturing further down the risk spectrum after a long period of unusually strong credit performance.

Citizens Bank in Elizabethton, Tenn., has agreed to buy American Trust Bank of East Tennessee in Knoxville.

Eagle Bancorp in Bethesda, Md., has issued $150 million in subordinated debt after increasing the amount it originally planned to sell.

Several core processing vendors with mobile-age platforms have sprung up in the past year. Making a lasting mark in a field dominated by entrenched vendors will take time.

Banks typically respond to pending regulations with a mixture of fear and dread, but new cybersecurity requirements being developed by the banking agencies may be met with relief.

Fee income, niche financing lines and auto lending drove second-quarter profits at TCF Financial in Wayzata, Minn.

WASHINGTON — Federal regulators Friday issued proposals outlining methodologies for establishing how thresholds for certain exemptions to Truth in Lending requirements would be set.

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.