Park National in Newark, Ohio, is giving its president the additional title of chief executive.

Carlyle Group is selling off the last of its stake in Boston Private Financial Holdings (BPFH).

Signature Bank in New York reported its 15th consecutive quarter of record profits as its loan revenue rose substantially.

Second quarter marks against securities have ranged to 5% or more of tangible equity, but markets have looked past the losses and bid up bank stocks.

First Niagara Financial in Buffalo, N.Y., has settled another severance issue involving a former executive.

The relationship between traditional financial institutions and startups is a recurring theme in BankThink's series, "The Future Model of Banking." While young companies are nimbler and more innovative, banks have the advantages of regulatory protections and incumbency. So while the disruptive newcomers could make banks obsolete, these entrepreneurs may be able to accomplish more by working with banks than they might on their own.

FirstMerit (FMER) in Akron, Ohio, reported higher second-quarter profit after completing its acquisition of Citizens Republic Bancorp.

Synovus Financial (SNV) in Columbus, Ga., will raise roughly $125 million through a preferred stock offering.

Improved credit quality pushed up quarterly profit at TCF Financial Corp. in Wayzata, Minn., despite declines in interest and fee revenue.

Regions Financial reported lower second-quarter earnings after the Birmingham, Ala., company restructured its debt and redeemed certain securities.

PacWest has agreed to buy CapitalSource for $2.3 billion, a transaction that would fulfill CapitalSource's longtime goal of becoming a full-fledged bank. It is the year's biggest bank deal.

Quarterly profit at BancorpSouth (BXS) in Tupelo, Miss., were nearly unchanged from a year earlier after the company struggled to boost revenue from its balance sheet.

Hancock Holding (HBHC) has agreed to sell 10 Whitney Bank branches that the Gulfport, Miss., company had planned to close, as well as loans and deposits associated with the branches.

Zions Bancorp. (ZION) in Salt Lake City reported flat second-quarter results after it redeemed trust-preferred securities and refinanced debt.

Wilshire Bancorp is projecting cost savings of 60% for its deal with a Los Angeles rival, Saehan Bancorp. If it can pull that off, more intra-market deals among Korean-American banks could follow.

A Kentucky jury has awarded $7 million to a developer who claimed that Porter Bancorp (PBIB) committed fraud when it backed out of planned loan sale.

Northwest Bancshares in Warren, Pa., reported lower quarterly earnings because of a lower net interest margin and higher expenses.

An upcoming dividend rate increase on shares issued under Tarp could prompt more banks to find buyers.

Customers Bancorp in Wyomissing, Pa., has begun a $25 million debt offering.

The chief operating officer at BBCN Bancorp in Los Angeles is stepping down.