BBCN said in a press release Tuesday that the acquisition would position the $5.6 billion-asset company as "the leading Korean-American bank in Chicago" while providing it with entry into the Washington, D.C., market.

Avoid closing locations solely based on performance, test drive outreach programs and consider other options, such as amending hours, before shuttering an underperforming location.

When Iberiabank lowered the amount of money it expects to receive in FDIC loss-sharing, it meant some credits are performing better than expected — and that some losses might show up after the FDIC agreement runs out.

Citigroup showed year-over-year revenue growth after JPMorgan and Wells Fargo's top lines fell in the first quarter.

CFO Rene Jones says the two companies will "do whatever we need to do" to complete the merger, which has been delayed by the Federal Reserve Board's concerns with M&T's anti-money-laundering policies.

A breakdown of M&A announcements in the financial services industry for the week ended April 13.

Policymakers came back from the Easter recess loaded for bear, as President Obama released his budget and Senate Democrats dug into the independent foreclosure reviews. Here are the six stories in regulation and reform that you shouldn't have missed last week.

The $1.4 billion-asset unit of First Mariner Bancorp (FMAR) said Monday that the FDIC had terminated an April 2009 cease-and-desist order requiring the bank to comply with fair-lending practices.

Iberiabank in Lafayette, La., will record a $32 million charge for the first quarter because of delays in the repayment of loans it bought from failed banks.

Chemical Financial (CHFC) in Midland, Mich., reported higher first-quarter profit because of an increase in fee income.

Record mortgage revenue and more lending helped M&T Bank (MTB) raise profits 33% in the first quarter.

BNC Bancorp (BNCN) in High Point, N.C., is remaking its executive staff with a half-dozen new appointments.

FirstMerit (FMER) in Akron, Ohio, said Friday that it has completed its purchase of Citizens Republic Bancorp in Flint, Mich.

Shareholders for M&T and Hudson City will meet next week to vote on the banks' merger, though a Fed review of M&T's anti-money-laundering compliance could throw a wrench in the works.

M&T Bank's purchase of Hudson City Bancorp faces a lengthy delay after regulators raised concerns about M&T's compliance with anti-money-laundering rules.

Encore Capital Group will proceed with the acquisition of Asset Acceptance Capital Corp. after certain closing conditions were met and a possible third-party buyer backed away.

Canadian Imperial Bank of Commerce agreed to buy Atlantic Trust Private Wealth Management from Invesco Ltd. for $210 million to expand its wealth-management business in the U.S.

The Bellevue, Wash., bank has done fine on its own, but decided to buy a smaller version of itself in hopes of boosting market value. And its CEO says he's not done dealing.

A fight over board seats at South Street Financial pits the company's management against the president and CEO of a bank in Pennsylvania.

Portnoff Law Associates will pursue an estimated $135,000 in delinquent monthly sewer bills for a Pennsylvania sewer authority.