Shares of Cathay General Bancorp soared Wednesday after the Los Angeles company reported a nearly 20% increase in its third-quarter profit.

Bricks-and-mortar locations aren’t yet obsolete. Leading banks are responding to changing consumer demands by developing specialized branch formats, increasing their focus on advice and emphasizing proactive engagement with customers.

Sterling Financial in Spokane, Wash., said that two lawsuits filed over its bank's overdraft fees have been dismissed.

IMGCAP(1)]

Strong net interest income helped Wintrust Financial (WTFC) overcome rising labor expenses and smaller gains on failed-bank acquisitions.

Park National (PRK) in Newark, Ohio, warned that a loan chargeoff may lower earnings per share for the third quarter by as much as 41%.

Fulton Financial (FULT) in Lancaster, Pa., said late Tuesday that its third-quarter profit climbed 5.7%, to $41.6 million, from the same period last year as improved asset quality and growth in fee income offset sluggish loan growth.

BofI Holding (BOFI) in San Diego plans to raise $18.6 million through a private placement of preferred stock.

Stonegate Bank (SGBK) in Fort Lauderdale, Fla., beefed up its lending team even as it reported higher profits for the 27th consecutive quarter.

The trade group's annual gathering showcased an industry less preoccupied with stabilizing itself and adapting to new regulations — and more interested in looking toward the future.

Lakeland Bancorp (LBAI) in Oak Ridge, N.J., posted third-quarter profit of $5.5 million, up more than 14% from a year earlier as nonperforming assets and noninterest expenses declined.

River City Bank in Sacramento, Calif., has named a payments-technology veteran to its board of directors.

Fast-growing State Bank and Trust in Macon, Ga., has purchased substantially all of the assets of Altera Payroll, a payroll services company, to diversify its revenue stream.

Banks that wait to be told what to do won’t thrive because the possibility of surprising and delighting customers with innovation is exactly zero when you wait for them to tell you what to build.

National Penn Bancshares, the $8.4 billion-asset parent company of National Penn Bank, said Tuesday it plans to move its headquarters to Allentown, Pa. from Boyertown, Pa.

Commerce Bancshares (CBSH) in Kansas City, Mo., reported that third-quarter earnings rose about 1%, to $66 million, from a year earlier as loan demand increased.

Citigroup chief executive Vikram Pandit resigned effective immediately on Tuesday, the third-largest bank said on Tuesday morning.

A report from the CFPB's ombudsman found that problems endemic to mortgage servicing are prevalent in student loan servicing as well.

Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., has agreed to pay roughly $53.7 million to acquire a niche bank to help fund future loan growth.

Regulation and low interest rates are challenging all banks, but a panel of CEOs at the American Bankers Association's annual convention shared tips on how they believe smaller institutions can succeed.