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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.

Valley National Bancorp in Wayne, N.J., reported a jump in third-quarter earnings on growth in lending and fee income.

Cullen/Frost Bankers in San Antonio reported higher third-quarter profit, reflecting loan growth and increased fee income.

Executives at small banks and credit unions told the Senate Banking Committee about horror stories of technical glitches, vendor delays and overworked appraisers, while expressing an interest in having more time to comply with new mortgage rules.

Trustmark in Jackson, Miss., said its profit declined in the third quarter because of lower loan yields and higher expenses.

UMB Financial in Kansas City, Mo., reported lower third-quarter profit, due to weaker revenue from its Scout Funds arm and merger costs.

A Naveo CU executive recognized as a hero and other credit union professionals in the news.

Flagstar Bancorp in Troy, Mich., reported a third-quarter profit, as it originated more residential mortgages and recorded higher fee income.