The Federal Reserve Board has ended a written agreement with Premier Financial that required the Dubuque, Iowa, company to develop a plan to maintain sufficient capital and an adequate allowance for loan and leases losses.

KeyCorp, which is still seeing expenses eat up more than two-thirds of its revenues, will cut costs and close branches in an effort to lower its efficiency ratio.

Magna Bank in Memphis, Tenn. has switched to a state charter, dumping the Office of the Comptroller of the Currency in favor of a state regulator that management believes is more familiar with its local market.

Improved asset quality and sharp decline overhead expenses in the second quarter powered CVB Financial (CVBF) in Ontario, Calif., to its most-profitable quarter in its 38-year history.

Orrstown Financial Services (ORRF) sold $28.6 million of nonperforming commercial loans to an unnamed outside investor.

Strong loan growth helped Wintrust Financial more than double its income in the second quarter to $25.6 million. It offset a surge in salaries and other employee-related expenses.

Popular's (BPOP) shares tumbled Wednesday after the San Juan, Puerto Rico, company reported that second-quarter earnings fell from a year earlier.

Loan demand tracked the overall U.S. economy in June and the first half of July as growth was slight and spotty, the Federal Reserve Board reported Wednesday.

James Rohr, the Pittsburgh bank's CEO, swears off new deals after putbacks from former National City mortgages, added costs in integrating RBC USA acquisition and other deal-related ills hurt PNC's quarterly bottom line.

Jeremiah Norton expressed empathy for smaller banks during his first public remarks since joining the FDIC in April. Still, he rejected calls to delay implementation of Basel III capital requirements.

Heartland Financial (HTLF) will combine and rename two banks in Wisconsin under the name Wisconsin Bank & Trust.

On their face new brand identities may appear cosmetic, but they can also have a bottom-line payoff by distancing banks from anger customers feel over the financial crisis.

SMITHFIELD, R.I. — Navigant CU announced this afternoon it merging troubled Columbus CU, a $68 million in nearby Warren, R.I., with two branches.

The Federal Reserve Board has entered into a written agreement with TCB Holding that requires the Woodlands, Texas, company to serve as a source of strength for its bank.

The price tags are high at many of the community banks that are for sale, and their deposits are unappealing, says James Rohr, the chairman and CEO of the Pittsburgh bank.

Taylor Capital Group's (TAYC) second-quarter earnings surged as mortgage banking revenue increased.

PacWest Bancorp (PACW) posted a 21% jump in second quarter earnings from a year earlier as significant expense reductions and acquisitions took hold.

Flagstar Bancorp (FBC) in Troy, Mich., reported that it turned a profit for the first time in four years as noninterest income rose.