Jacksonville Bancorp is preparing to offer shareholders the right to buy $5 million of stock. The $565 million-asset company said Friday that it will give shareholders the right to buy stock for 50 cents a share, the same pricing of a $50 million private placement in that concluded last December.

Hancock Holding in Gulfport, Miss., has raised the ire of analysts and investors in an unusual way — by unveiling a plan to cut costs over the next two years.

Provident Financial Services (PFS) in Iselin, N.J., reported lower quarterly earnings as margins tightened and noninterest income fell.

Central Pacific Financial (CPF) in Honolulu reported a jump in first-quarter profit as its asset quality improved and it recorded a tax benefit worth nearly $120 million.

Iberiabank (IBKC) in Lafayette, La., eked out a profit in the first quarter despite a series of large charges. The $12.9 billion-asset company earned $697,000, compared with $19.4 million a year earlier.

Rising revenue propelled first-quarter results at Sterling Bancorp (STL) in New York. Earnings at the $2.8 billion-asset company rose 13% from a year earlier, to $5.3 million, or 17 cents a share.

The chief credit officer of SVB Financial Group (SIVB) in Santa Clara, Calif., is moving to China.

Dime Community Bancshares (DCOM) in Brooklyn, N.Y., reported a small increase in quarterly profit.

The Financial Stability Oversight Council on Thursday identified several significant areas of concern, including operational risks like cybersecurity, overreliance on wholesale funding, and the impact of low interest-rates.

The Federal Reserve Board has hit two Midwest banks — Freedom Bank in Tulsa, Okla., and Freedom Bancorp. in Lindstrom, Minn. — with enforcement orders.

Jim Rohr says cybersecurity is one of the biggest issues banks face. The frequent distributed denial-of-service-attacks on banks' web servers that have occurred since September are doing more than disrupting service.

Triumph Bancorp in Dallas was on the hunt for a cheaper and more stable deposit base and found it in National Bancshares, an Iowa company that needed common equity.

Mark Jamison of Capital One envisions a future in which financial services companies mimic Apple and other tech giants, turning bureaucracies into plug-and-play digital platforms.

TowneBank (TOWN) in Suffolk, Va., reported record quarterly profit driven by mortgage-banking and insurance revenue.

Banner Corp. (BANR) in Walla Walla, Wash., has named an executive from the world of philanthropy to its board.

Community banks are reporting first-quarter declines in net interest income despite increased lending. Low rates and competition are to blame.

Beneficial Mutual Bancorp in Philadelphia is the subject of a governmental investigation into its residential real estate lending.

A reduced reimbursement from regulators weighed on quarterly results at First Financial (FFBC) in Cincinnati.

Two federal regulators — the FDIC and the OCC — issued guidance on deposit-advance products that establish strict underwriting standards for payday loans offered by banks and any related third-party vendor.

Park Sterling in Charlotte, N.C., said it is on the hunt for bank acquisitions as it reported a record quarterly profit.