CIT Group in Livingston, N.J., reported higher profits, boosted by gains from its acquisition of OneWest Bank.

UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business.

Umpqua Holdings in Oregon has promoted a business-banking executive to president of its bank unit.

Bank of America executives plan to keep investing in technology and selectively expanding its branch presence, but it is urging increasingly restless shareholders to be patient so that it can grow gradually and avoid the pitfalls of banking's recent past.

Some banks in Texas and Oklahoma are likely to start scouting acquisitions in states such as Colorado and California so that their fortunes are not so tied to the energy sector.

First Mid-Illinois Bancshares in Mattoon has agreed to buy First Clover Leaf Financial in Edwardsville, Ill.

United Community Banks reported strong revenue and earnings gains in the first quarter thanks largely to a pair of recent acquisitions.

With the purchase of Sweep, Max Levchin's firm is betting that daily engagement with consumers will pay long-term dividends.

Profits fell double digits at Santander Consumer USA Holdings in Dallas in connection with its exit from the personal loan business and other nagging issues.

The scramble to cut costs at State Street continues as the custody bank seeks to make up for declining fees and add revenue-generating businesses.

Pacific Continental in Eugene, Ore., has agreed to buy Foundation Bancorp in Bellevue, Wash.

Cascade Bancorp in Bend, Ore., has agreed to buy Prime Pacific Financial Services in Lynwood, Wash.

The $374 million Lizton said in a press release Tuesday that it will pay $12.5 million, or $7.25 a share, in cash for the $66.5 million-asset Indiana Business Bancorp.

Comerica may sell itself one day, but it won't be a very attractive takeover target — or fetch top dollar — until energy prices rebound and interest rates rise, company officials said at the annual meeting Tuesday.

Corporate governance experts normally recommend splitting the chairman and CEO roles at public companies, but Wells' shareholders let John Stumpf keep both jobs.

Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y.

At the bank's annual meeting, a gadfly's resolution that would have forced the bank to take steps toward a breakup received almost no shareholder support.

New York Community Bancorp in Westbury and Astoria Financial in Lake Success, N.Y., are one step closer to completing their merger.

Banner Corp. in Walla Walla, Wash., reported higher quarterly profit that reflected its purchase of AmericanWest Bank.

Stonegate Bank in Pompano Beach, Fla., has agreed to buy Regent Bancorp in Davie, Fla.