Orrstown Financial Services (ORRF) sold $28.6 million of nonperforming commercial loans to an unnamed outside investor.

Strong loan growth helped Wintrust Financial more than double its income in the second quarter to $25.6 million. It offset a surge in salaries and other employee-related expenses.

Capital One Financial Corp. (COF) said second-quarter profit fell 90 percent as an HSBC acquisition forced it to set aside loan-loss reserves.

James Rohr, the Pittsburgh bank's CEO, swears off new deals after putbacks from former National City mortgages, added costs in integrating RBC USA acquisition and other deal-related ills hurt PNC's quarterly bottom line.

Second-quarter results were predictably solid, but the earnings call was anything but dull as the CEO blasted the city of Los Angeles and its motives.

SMITHFIELD, R.I. — Navigant CU announced this afternoon it merging troubled Columbus CU, a $68 million in nearby Warren, R.I., with two branches.

Mortgage foreclosure mediation programs in Illinois counties that lack them will receive as much as $3 million from a national foreclosure settlement with major lenders, Illinois Attorney General Lisa Madigan announced.

The price tags are high at many of the community banks that are for sale, and their deposits are unappealing, says James Rohr, the chairman and CEO of the Pittsburgh bank.

Taylor Capital Group's (TAYC) second-quarter earnings surged as mortgage banking revenue increased.

PacWest Bancorp (PACW) posted a 21% jump in second quarter earnings from a year earlier as significant expense reductions and acquisitions took hold.

The Buffalo bank has seized on the disruption caused by the sale of HSBC's branches in upstate New York by luring away some business customers from rivals, CFO Rene Jones says. He also shares his outlook on M&A and interest rate risk tied to mortgages.

Fulton Financial reported higher quarterly earnings despite a decline in net interest income.

The Florida bank is eager to add loans after raising $5 million to surpass capital requirements from a 2011 consent order. It did so at a time when capital raising is on the decline.

M&T Bank (MTB) reported a big drop in quarterly earnings Tuesday, but a close look shows that its Wilmington Trust acquisition is bearing fruit at the right time.

Jim McMahon may have been a master at the Super Bowl Shuffle dance, but the former Chicago Bears quarterback apparently was less skilled as a bank director.

Green Bancorp CEO Geoff Greenwade wants to buy more banks, which he hopes will ultimately make the Houston bank more attractive to buyers.

Equity Bancshares in Wichita, Kan., plans to merge its two banking units to reduce expenses.

State Street (SST), the third-largest custody bank, agreed to buy the hedge-fund administration unit of Goldman Sachs (GS) to boost growth as second-quarter revenue fell amid declining global markets and record low interest rates.

A breakdown of M&A announcements for the week ended July 14.

The central bank has brought back a process scrapped in the late 1990s, where it will review preliminary merger plans of untested buyers pursuing unusual deals.