The Memphis, Tenn., company's forecast for the remainder of the year calls for cost saves from a branch-reduction effort that's gaining momentum as online and mobile banking grow and monthly visits to branches plummet.

Meridian Bank in Malvern, Pa., has raised $13.8 million through a sale of common stock.

Severn Bancorp in Annapolis, Md., has agreements in place to raise $11 million through a private placement of common stock.

Beneficial Bancorp in Philadelphia is planning to eliminate 11% of its workforce over the next three months.

West Shore Bank Corp. in Ludington, Mich., has agreed to buy West Michigan Bank & Trust in Frankfort.

B of A is normally thought of as a U.S. economic bellwether, but it has substantial operations overseas, and its international performance last quarter provided a painful reminder of that fact.

PacWest Bancorp in Los Angeles reported higher quarterly profit led by its acquisition of Square 1 Financial in Durham, N.C.

The hardest part of converting a thrift is establishing a "culture of high performance" and shareholder accountability, says Andrew Samuel, CEO at Sunshine Bancorp, in Plant City, Fla. Sunshine converted to a stock-owned company in July 2014.

The public spat between Green Dot and one of its largest shareholders is escalating even as the shareholder raises its stake in the prepaid card company.

To date, only a handful of banks have become benefit corporations, but experts believe the number could rise as regulators become more comfortable with the concept.

The world knows JPMorgan's quarterly profits fell and that it flunked the living wills test. But underneath all that were solid first-quarter results in its core lending businesses that bode well for other banks at the start of earnings season.

Financial Institutions in Warsaw, N.Y., has offered an olive branch to resolve a proxy battle with an activist investor.

Profits soared at Bank of the Ozarks in Little Rock, Ark., thanks primarily to its expanding loan portfolio.

The banking industry, in the face of prolonged challenges, is relying on professional help to improve in areas such as productivity, hiring and M&A. The hope is that being introspective now will limit the amount of costly mistakes in the future.

Citigroup is no longer buying loans off the Prosper Marketplace platform and repackaging them into securities, a person familiar with the matter said.

Midland States Bancorp in Effingham, Ill., is planning to raise $120 million through an initial public offering. The $company said in a regulatory filing Monday that it has applied to list shares on the Nasdaq Global Select Market.

Deutsche Bank said it is freezing expansion plans at a North Carolina location in response to a state law that invalidates protections based on sexual orientation.

Citigroup is planning to cut staff in London as it seeks to trim costs to compensate for lower trading revenue, according to people familiar with the matter.

Green Dot has named three new directors, ignoring the slate of nominees recently proposed by activist investor Harvest Capital Strategies.

Commerce Union Bancshares in Brentwood, Tenn., plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill.