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The Cleveland company, which this spring said it had decided to start originating its own mortgage loans again, shared more details on the start date of this new effort and the rationale behind it.

Washington Federal in Seattle reported higher quarterly profit due to gains from the sale of foreclosed properties and certain investments.

BB&T in Winston-Salem, N.C., met Wall Street's earnings expectations after reporting revenue rose slightly. The company's second-quarter net income available to shareholders rose 7% from a year earlier, to $454 million. Revenue increased 1.3%, to $2.3 billion.

Citigroup Inc., the third-largest U.S. bank, posted profit that beat analysts' estimates as Chief Executive Officer Michael Corbat showed progress on cutting costs.

The combination of swelling deposits and weak loan growth continues to be a tough problem for regional banks. U.S. Bancorp's Richard Davis thinks higher loan growth is just around the corner to solve the problem, but PNC's Bill Demchak fears deposits could flee faster than lending will ramp up.

PacWest Bancorp, the parent of Pacific Western Bank in Los Angeles, reported earnings of $85.1 million in the second quarter, up 16% from the prior quarter.

Santander Consumer USA Holdings named Blythe Masters nonexecutive chairman, replacing the executive who quit the post less than two weeks ago and a week after the subprime auto lender's parent company was hit with a regulatory order.

Veridian CU announces new CFO, Langley FCU elects two to its board and more.

PNC Financial Services Group in Pittsburgh said its second-quarter profit declined, citing lower yields on loans and securities.

Wells Fargo executives received a host of questions Tuesday about the effect of rising interest rates on its deposits and other risk factors, but they said they cannot let uncertainty restrain their short-term actions and think some predictions about rates — especially on Treasuries — may be wrong.

Banks better get ready for a quick, steep increase in deposit costs after the Fed raises rates. Technology, new regulations and other factors have changed the slower-paced retail-banking game of old, JPMorgan Chase executives say.

Bank of America has named Jackie Yoon president of its St. Louis market, after Larry Otto left the job for the same position at U.S. Bancorp.

Comerica in Dallas has hired a leader for its commercial lending division after its vice chairman, who had led that segment, resigned.

Commerce Bancshares in Kansas City, Mo., reported higher second-quarter profit, citing the appreciation of inflation-protected securities and higher loan interest.

Larry Otto has jumped ship from the second-largest bank in St. Louis to the largest.

CUNA gets a new chief marketing and technology officer, Consumers CU announces promotions and more.

Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.

A dive into American Banker's photo vaults offers a view of the banking industry's movers and shakers at the height of their powers. Here's a look at prominent figures, from the CEOs who steered the megabank mergers of the late 1990s and the man who rescued Fannie Mae during a bout of insolvency in the early 1980s.

BB&T's top executives are set to get up to $2.6 million in bonuses if the Susquehanna deal goes well. While viewed as a good way to make sure the deal works out well, some analysts note that M&A already contributes to executive compensation when it boosts earnings per share and return metrics.

Pacific Continental in Eugene, Ore., has hired the former chief financial of Tower Financial in Indiana as its new CFO.