First Bancorp in San Juan, Puerto Rico, has sold an insurance agency.

The $654 million-asset bank said in a press release Monday that it had reorganized under OP Bancorp after receiving approval from shareholders and regulators.

MFA Financial has carved out an impressive niche for itself by buying re-performing and nonperforming residential mortgages and securities.

The bank, which operates in 12 states, is bringing customers in the door even as it cuts its retail square footage by half. The lure? The offer of a financial "checkup" that tens of thousands of people have accepted.

The regional bank has extensively studied the viability of such platforms, but has been unable to develop a plan to fits its risk appetite.

Ottawa Savings Bancorp in Ottawa, Ill., is planning its second-step conversion.

Financial Institutions in Warsaw, N.Y., said it had secured enough votes to prevail in a fight with a big shareholder.

Bankers have long complained that customers are fee averse. Aspiration, a nonbank that is working with a Boston bank, has a model that is proving that some clients will voluntarily pay fees.

Chemung Financial in Elmira, N.Y., is set to form an insurance unit.

Union Bankshares in Richmond, Va., will open a loan production office after hiring a team that worked at NewBridge Bancorp.

Prudential Bancorp in Philadelphia has agreed to buy Polonia Bancorp in Huntingdon Valley, Pa.

Some days the ride-sharing app receives more than a million phishing emails — a stat to which large banks can relate. But after deploying common protocols and open-source software, Uber now rejects most bad emails.

Novantas has acquired Chicago-based consulting firm Treasury Strategies.

Summit Financial Group in Moorefield, W.Va., has agreed to buy First Century Bankshares in Bluefield, W.Va.

A number of executives are warning that midsize borrowers are hoarding cash rather than borrowing, reflecting increased concern about the economy.

Banks announced 41 mergers through May 31, representing a 16% decline from the same period in 2015, according to data from Keefe, Bruyette & Woods and S&P Global Market Intelligence.

First Republic Bank in San Francisco plans to raise about $178 million through a common stock offering.

Activist-pressured Comerica disclosed some long-awaited, positive news, reporting an uptick in average loan balances so far in the second quarter.

At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.

First South Bancorp survived a close vote on a shareholder proposal to "immediately" take steps to sell the Washington, N.C., company.