Norwood Financial Corp. in Honesdale, Pa., said late Wednesday that its pending acquisition of North Penn Bancorp Inc. reduced its profitability.

First Niagara Financial Group Inc. in Buffalo, N.Y., reported a slight dip in earnings compared with the previous quarter as it completed its acquisition of NewAlliance Bancshares Inc.

The $4.41 billion-asset company said Thursday that shareholders had approved adding Allison Nickle Egidi, Najeeb Khan and Christopher Murphy to the board.

Sandy Spring Bancorp Inc. in Olney, Md., on Thursday reported an increase in profit due to its exit from the Troubled Asset Relief Program.

Republic Bancorp Inc. in Louisville, Ky., reported higher first-quarter profit despite lower volume in its controversial refund-anticipation loan business.

Whitney Holding Corp. in New Orleans reported a profitable first quarter on Thursday, a day after the company that is buying it did the same.

Fulton Financial Corp. in Lancaster, Pa., attributed its improved first-quarter earnings partly to better cost control. The $16 billion-asset company posted a 22.9% increase in profit from a year earlier, to $33.8 million.

Hancock Holding Co. in Gulfport, Miss., said its earnings rose 11% from a year earlier. The $8.31 billion-asset company posted earnings of $15.3 million, compared with $13.8 million a year earlier.

Earlier this month, the Federal Reserve issued a prompt corrective action directive giving the bank 60 days to become adequately capitalized by raising capital or selling itself.

This proposal could remove a critical source of liquidity throughout the country — member institutions could be required to hold at least 10% of their assets in mortgages.

Brookline Bancorp in Massachusetts will pay $234 million in cash and stock for Bancorp Rhode Island in a transaction that will create a company with nearly $5 billion in assets.

The Buffalo, N.Y., company said that the $1.5 billion purchase created a bank with over $30 billion of assets and $18 billion of deposits in Connecticut, Massachusetts, Pennsylvania and New York.

The Federal Reserve has terminated an enforcement action against Currie Bancorp of Minnesota. Currie, the parent of the $44.9 million-asset Currie State Bank, had been operating under a written agreement since November 2008.

The $17.5 billion-asset company's expertise with technology companies has fueled its growth in Asia, Europe, Israel and India. Next month it will make a big move into China, sending Ken Wilcox, its chief executive, to Shanghai to create a banking joint venture.

The Federal Reserve and state regulators in New York and Florida last week issued a cease-and-desist order against Banco Industrial de Venezuela.

Mercantile Bank Corp. in Grand Rapids, Mich., returned to profitability in the first quarter after two years of losses.

Southwest Bancorp Inc. in Stillwater, Okla., on Tuesday reported a first-quarter profit despite a sharp rise in its loan-loss provision.

Sterling Bancshares Inc. in Houston reported a narrow loss Tuesday for what should be its last quarter before its sale to Comerica Inc.

First National Bank of the Gulf Coast in Naples, Fla., said it is raising $148 million in capital through a private placement.

Commerce National Bank in Newport Beach Calif., on Monday posted a first-quarter profit that it credited largely to balance sheet growth.