Economy

But the Connecticut company says the efficiencies of its recent acquisition of Suffolk Bancorp will begin to be realized soon.

The McLean, Va., lender, which has substantial exposure to subprime consumer loans, also added to its provision for credit losses.

The $482 million deal would be Associated's first bank acquisition since June 2007.

The Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions.

The Cleveland company, once criticized for an initial six-year forecast, now believes it will only take four years to rebuild its tangible book value.

Regional banks are hoping that recent comments by Fed Chair Janet Yellen can add fuel to their efforts to replace the $50 billion asset threshold for systemically important banks with a regulatory indicator test.

Clearing services, assets under custody and administration and other parts of the trust bank's operations rose in the second quarter, all good news as it shifts leadership from Gerald Hassell to former Visa CEO Charlie Scharf.

Leaf Commercial Capital originates about $500 million in loans annually tied to equipment and software purchases.

KeyCorp also recorded a gain after buying the remaining ownership interest in a merchant services joint venture.

The company's results benefited from its increased dealings in correspondent lending, while net chargeoffs tied to energy loans decreased during the second quarter.

Increasingly, the acquiring and ISO business has taken the view that advances in technology that originally looked like threats instead made it easier to sell more products and support more payment types. But this opportunity won't last forever.

KS Bancorp initially chided First Citizens for its aggressive moves before deciding to mull the offer over.

Small-business customers of Bank of America can now apply for credit through the bank’s digital channels.

Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online shopping.

Second-quarter profit improved modestly at Northern Trust as severance costs offset growth in trust and institutional services.

The Mississippi company reported higher quarterly earnings despite ongoing energy challenges. Hancock also benefited from its April purchase of the failed First NBC Bank.

The Dallas company is in the middle of a dramatic turnaround after scaling back on energy loans and slashing expenses. Still, followers of the company seek assurances that the discipline will endure.

The Georgia company made more loans and controlled costs. As a result, it had a 1% return on assets and an efficiency ratio below 60%.

The CEO of Keefe, Bruyette & Woods, a top matchmaker for bank mergers, explains why large banks will soon return to dealmaking after a long absence, the case for starting new banks and the enduring value of branches.

Why choose a former Visa chief to run a custody bank? Because to survive long term, Bank of New York Mellon will have to look more and more like a payments company.