Commercial banking

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The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market.

The Miami Lakes company’s chargeoffs of medallion loans increased fivefold, but profits rose thanks to gains in C&I, CRE and other types of loans.

The Tulsa, Okla., company reported loan growth in all categories, including a 56% increase in personal loans.

Strong gains in interest and fee income offset higher expenses and chargeoffs at the Kansas City, Mo., company.

A series of balance sheet moves and a focus on deposit gathering and business lending led to a $157 million profit in the second quarter.

Now that the Federal Reserve has raised short-term rates four times in the past 18 months, all eyes are on deposit costs as banks seek to keep pricing low and fatten margins. But that effort is complicated by the fact that banks must prepare for the unwinding of the Fed's balance sheet and consumers' rapid adoption of mobile deposits.

The Portland, Ore., company outlined a plan to boost its return on tangible common equity to between 13-15% by 2020. More details will be provided by fall, executives said.

New technologies are poised to sweep through investment banks, relieving many rank-and-file employees of roughly a third of their current workload, according to McKinsey & Co.

The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits.