Codorus Valley Bancorp in York, Pa., has agreed to buy Madison Bancorp in Baltimore.

ASB Bancorp in Asheville, N.C., has repurchased a block of stock from funds tied to activist investor Joseph Stilwell.

Mercantile Bank in Grand Rapids, Mich., reported a significant decline in earnings that was largely tied to merger-related costs.

City Holding in Charleston, W.Va., reported slightly lower quarterly profit because of a shrinking net interest margin and fewer gains from prior acquisitions.

Profits at Capital City Bank Group nearly doubled in the second quarter as the Tallahassee, Fla., company continued to shed problem assets.

The Georgia company is also planning a marketing campaign to promote its brand and expanded technology offerings.

Union First Market Bankshares' acquisition of StellarOne paid dividends in the second quarter. The Richmond, Va., company reported a profit of $14.8 million, up 56% from a year earlier.

Colony Financial in Santa Monica, Calif., plans to raise up to $382 million by selling common stock.

Hanmi Financial in Los Angeles reported higher quarterly earnings as returns from mortgages offset a drop in the sale of Small Business Administration loans.

PacWest Bancorp in Los Angeles reported higher quarterly earnings aided by its acquisition of CapitalSource.

Regions Financial in Birmingham, Ala., met bullish second-quarter earnings expectations as loan growth offset a decline in fee income.

First Merchants in Muncie, Ind., has agreed to buy Community Bancshares in Noblesville, Ind.

Wilshire Bancorp (WIBC) in Los Angeles reported an increase in quarterly profit tied largely to recent acquisitions.

Fueled by strong growth in commercial real estate and specialty lending, Signature Bank in New York reported another record profit for the quarter that ended June 30.

Synovus Financial in Columbus, Ga., reported a rise in quarterly earnings after booking more loans and lowering credit costs.

Astoria Financial in Lake Success, N.Y., has agreed to sell certain nonperforming loans to Credit Suisse at a nearly $9 million loss.

CIT Group, the commercial lender led by John A. Thain, agreed to buy OneWest Bank parent IMB Holdco for $3.4 billion, attaching a regional bank to a national loan platform in an effort to boost profit.

BancorpSouth has delayed the closing of two bank acquisitions after regulators took issue with the Tupelo, Miss., company's compliance programs.

Washington Trust in Westerly, R.I., rode gains in its lending portfolio and lower operating expenses to a higher second-quarter profit.

Arrow Financial (AROW) in Glens Falls, N.Y., posted higher quarterly earnings because of loan growth and an improved net interest margin.