Banking

Prosperity Bancshares (PB) in Houston reported a 20% boost in profit after announcing two deals in the third quarter.

Flagstar Bancorp (FBC) in Troy, Mich., recorded its fifth consecutive quarter of profitability and met Wall Street's earnings forecasts despite a drop in income from the sales of loans.

Weakening mortgage banking activity took a bite out of New York Community Bancorp's (NYCB) earnings in the third quarter.

Comptroller Thomas Curry’s 'heightened expectations' for large banks should include whether our communities are substantially better off as a result of their presence.

Fulton Financial (FULT) in Lancaster, Pa., saw reduced revenue from mortgage sales and service charges in the third quarter, but improvements in credit quality partially offset those declines.

Banks and payments companies are trying to develop new technology for customers' evolving needs, including person-to-person payments. But many of these new innovations must measure themselves against Square and its success. Daniel Wolfe, Editor-in-Chief of PaymentsSource, reports from SourceMedia's ATM, Debit and Prepaid Forum.

UMB Financial Corp. (UMBF) in Kansas City, Mo., posted its 14th consecutive quarter of loan growth for the period ending Sept. 30.

A Treasury Department fund meant to boost loans to small businesses has spurred more than $10 billion in additional lending, the agency said Tuesday.

The CFPB has launched a review of the store-branded card deals that offer 0% interest during an introductory period, but then reset to a much higher rate if the balance is not paid in full by a specific date.

Diebold Inc., a maker of ATMs and bank security systems, agreed to pay more than $48 million to settle allegations by the U.S. that it bribed officials in Russia, China and Indonesia.

Poage Bankshares (PBSK), in Ashland, Ky., has agreed to acquire its crosstown rival, Town Square Financial, for $14.7 million.

Apple announced iPad Air and iPad mini on Tuesday, its latest tablets that will go on sale in November. The news comes on the heels of Microsoft releasing its latest tablets, Surface 2 and Surface Pro 2, in stores Tuesday morning.

Bankers are devoting more attention than ever to regulatory compliance and cost-cutting, but they need to be careful not to let service suffer in the process, a panel of CEOs said Tuesday.

As Fexco and First Data demonstrated an ATM this week that lets consumers use a mobile phone instead of a card for access, they emphasized that the bank is at the heart of the offering — everything about the technology could be changed to the bank's whim.

Analysts hammered Regions and Synovus for a rising cost base amid weak economic conditions, while Signature Bank in New York was given a pass since its revenues are growing faster than its expenses.

WASHINGTON — Financial regulators said Tuesday that lenders who only make so-called qualified mortgages should not be concerned about inadvertently triggering a fair-lending violation.

National Bank Holdings (NBHC) in Greenwood Village, Colo., has formed a division to specialize in government and nonprofit clients.

Severn Bancorp (SVBI) in Annapolis, Md., swung to large quarterly loss as it worked to restructure its balance sheet by selling off bad loans.

Great Southern Bancorp (GSBC) in Springfield, Mo., beat analysts' estimates in the third quarter by reducing expenses and improving credit quality.

FirstMerit Corp. (FMER) in Akron, Ohio, earned $40.7 million in the third quarter, up 16% from the same period a year ago, due largely to its recent acquisition of Citizens Republic Bancorp in Flint, Mich.