Citigroup's disappointing fourth-quarter report included an unexpected $500 million legal reserve related to its U.S. consumer businesses, as the CFPB reviews the bank's card products.

The fast-growing Berkshire Bank in Pittsfield, Mass., hopes that features like community rooms with video-game systems will attract customers as it enters new markets.

Bank of the Ozarks (OZRK) of Little Rock, Ark., posted a fourth-quarter profit gain despite sliding interest income, thanks in part to an acquisition that closed late in the year.

Scottrade Bank has hired a former executive at TCF Financial (TCB) to launch an equipment finance unit.

Republic Bancorp (RBCAA) in Louisville, Ky., posted higher quarterly earnings after booking gains tied to recent failed-bank acquisitions.

Virginia Commerce Bancorp in Arlington took a quarterly hit to earnings after exiting the Troubled Asset Relief Program.

BB&T in Winston-Salem, N.C., posted an increase in quarterly earnings on higher mortgage fees and loan growth.

Fifth Third (FTB) said fourth-quarter profit rose 27 percent as the firm booked a gain on a stake in Vantiv Inc.

MidFirst Bank in Oklahoma City has agreed to buy a specialty lender in Atlanta.

PacWest Bancorp (PACW) in Los Angeles posted strong quarterly earnings to end a year marked by aggressive acquisitions.

JPMorgan Chase's CEO spent a year shaking up the bank's top ranks after the London Whale trading losses came to light. He acknowledged Wednesday that there was "too much" management volatility.

Comerica (CMA) beat fourth-quarter profit estimates, as its fee revenue increased and expenses from its 2011 acquisition of Sterling Bancshares diminished.

Higher mortgage revenue and lower credit losses powered M&T Bank Corp. in the fourth quarter.

Hilco Trading LLC on Tuesday announced the formation of Hilco Receivables LLC.

Jamie Dimon got a 53.5% pay cut for 2012 after presiding over the London Whale's losses, but he will still bring home a $1.5 million salary and a $10 million deferred bonus.

United Community Financial in Youngstown, Ohio, has begun a $42 million capital raise.

Alvin Kang, CEO of BBCN, is said to have resigned after a disagreement with his board. His departure could clear the way for a deal for Hanmi Financial and raises the prospect of industrywide succession fights as banks consolidate.

Smaller institutions are following the lead of bigger banks, which is presenting buying opportunities for CEOs like Bristol County Savings Bank's Pat Murray.

Minnesota Attorney General Lori Swanson is backing legislation that would force all debt buyers to prove in court that they use reliable information when going after debtors.

An expansion to the south boosted profits at Washington Federal in Seattle in the fourth quarter.