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MasterCard has appointed Craig Vosburg to president of North America markets.

CIT Group, the commercial lender that’s expanded into retail banking, posted profit that beat analysts’ estimates as loans and deposits increased with the acquisition of OneWest Bank Group.

UMB Financial in Kansas City, Mo., announced that its president has resigned. Peter deSilva also vacated his post at chief operating officer, the $18.6 billion-asset company said in a press release Monday.

Flushing Financial in Uniondale, N.Y., has promoted newly hired executive Susan Cullen to chief financial officer.

Defense credit union participates in international festival and other credit unions in the news.

Investors Bancorp in Short Hills, N.J., posted higher profit in the third quarter, with strong interest income growth offsetting higher employee-related costs.

The company recently created a collateralized-debt obligation backed by bank debt, bringing to mind the types of structured investments that plagued smaller banks a few years ago. This time, StoneCastle will hold all the credit risk, instead of selling it off to banks. The CDOs are backed by relatively straightforward sub debt rather than hybrid securities.

Los Angeles-based marketplace lender AssetAvenue has named a new chief executive.

First Citizens Bancshares in Raleigh, N.C., reported an improvement in third-quarter profit thanks to the benefits of M&A and organic growth.

KeyCorp, Ohio's second-largest bank, has agreed to buy First Niagara Financial Group Inc. in a $4.1 billion cash-and-stock deal that extends the company's reach in upstate New York.

Sandy Spring Bancorp in Olney, Md., has appointed executives from the technology and legal industries to newly created seats on its board.

Great Western Bancorp in Sioux Falls, S.D., reported higher quarterly profit on loan growth and improved efficiency.

The auto lender has changed the way it calculates its closely-watched provision for credit losses, a move that added to third-quarter profits and raised questions about the transparency of its loan book.

Promotions announced at Security Service FCU and other credit union professionals in the news.

Webster Financial in Waterbury, Conn., has promoted its head of commercial banking to president of Webster Bank and its holding company.

United Bankshares in Charleston, W.Va., recorded profit growth in the third quarter on higher average earning assets.

Ally Financial in Detroit drew more deposits into its online bank last quarter, which helped improve its lending margin even as profits declined.

Opus Bank in Irvine, Calif., has promoted Jennifer Simmons to chief operating officer and appointed her to the executive committee.

BOK Financial in Tulsa, Oklahoma, reported a small drop in third-quarter profit, as a decline in the value of mortgage servicing rights offset loan and fee income growth.

American Bank in Corpus Christi, Texas, will promote two executives next year, after longtime chairman and chief executive Al Jones retires.