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Wintrust Financial in Rosemont, Ill., reported higher quarterly earnings on increased revenue, with fourth-quarter profit rose 8% from a year earlier, to $38.13 million.

Bank of America's expenses still far exceed those of JPMorgan Chase and Wells Fargo, so analysts were clearly disappointed Thursday when CEO Brian Moynihan failed to outline any specific plans for further lowering overhead.

First BanCorp in San Juan, Puerto Rico, has created a new position to oversee strategic decisions.

JPMorgan Chase CEO Jamie Dimon had to defend the company against calls to break it up, doubts about its ability to command higher prices and greater efficiency, and investor disappointment with fourth-quarter results.

Credit unions across the country announce new hires, promotions and special recognition.

The investment firm made the decision after veteran analyst Anthony Polini and an associate left to form a new research arm for American Capital Partners.

A handful of credit union representatives were included in the latest round of elections and re-elections to the NACHA board of directors.

Some members of $194 million NuMark Credit Union received cash back on Dec. 31.

Jane Fraser, the CEO of CitiMortgage and head of Citigroup's U.S. consumer and commercial banking units, is handing responsibility for day-to-day global mortgage operations to her current mortgage lieutenant, CD Davies.

It took more than year for ViewPoint Financial and LegacyTexas to complete a transformational merger near Dallas. The company, which took the seller's name, is now trying to meet its targets in the face of plummeting oil prices.

The uses for prepaid cards are expanding, creating fresh opportunities for financial institutions that may have earlier dismissed the product as a tool for the unbanked, said Michael Fiore, who becomes MasterCard's group executive of global prepaid solutions on Jan. 15.

JPMorgan Chase has named Jennifer Piepszak as the chief executive of its business-banking division that focuses on firms with revenue of $20 million and below.

American Capital Partners has recruited two Raymond James analysts to launch a research unit focused on small and mid-cap banks in the New York area.

Former Rep. Bill Owens has been named a director of Arrow Financial in Glen Falls, N.Y.

Chesapeake Bancorp in Chestertown, Md., has hired Al Wilson as its president and chief executive. Wilson resigned from AmeriServ Financial last month as its chief executive.

Numerous banks are expected to say they trimmed expenses yet again when they report fourth-quarter results in the coming weeks. But that trend may ebb soon as many executives are forced to spend on technology and to expand their businesses.

Ted Peters likes to build things and he does not like retirement. The veteran banker will soon solicit outside investors for a fund that he hopes will amass $100 million to pump into promising community banks.

City Holding in Charleston, W. Va., has sold its insurance division to The Hilb Group, a broker based in Richmond, Va.

HANSCOM AFB, Mass. — Hanscom Federal Credit Union on Friday announced its "Loyalty Dividend" payout to members for 2014 — which returned 2% of most consumer loan finance charges and 2% on dividends earned on savings.

Central Valley Community Bank in Fresno, Calif., plans to report a fourth-quarter loss because of a hefty chargeoff of commercial loans.