Paul Davis

The Mississippi company's first-quarter earnings rose 60% from a year earlier. Its results from last year were weighed down by a settlement with regulators.

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year.

The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth.

In his meeting with community bankers, President Trump openly pondered the fate of CFPB Director Richard Cordray with his advisers and appeared eager to quickly fix industry concerns through executive orders.

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.

The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge.

Caliber will also buy about $36 million of mortgage servicing rights in a deal that is expected to close at the end of March.

Wintrust Financial in Rosemont, Ill., has bought certain assets of American Homestead Mortgage in Montana.

The deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production.

The Virginia bank has agreed to buy Tidewater Mortgage's majority stake in Old Point Mortgage.

Quarterly profit fell at SunTrust Banks in Atlanta as noninterest expense rose 8.4% and its loan-loss provision increased.

The company sued the former director over the debt, which disqualified him from board service.

The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

A unit of M&T Bank in Buffalo, N.Y., has bought certain operations of Philadelphia mortgage firm Carey, Kramer, Pettit, Panichelli & Associates.

New York Community Bancorp in Westbury and Astoria Financial in Lake Success, N.Y., have terminated their merger.

BOK Financial will take a roughly $17 million earnings hit due to a change in the fair value of its mortgage servicing rights and a corresponding hedge.

Southern National Bancorp of Virginia in McLean has agreed to buy Eastern Virginia Bankshares in Glen Allen.

Renasant in Tupelo, Miss., is the latest banking company to get out of loss-share agreements with the Federal Deposit Insurance Corp.

A California bank is planning to add mortgages and home equity lines to its product set.

President-elect Donald Trump recognizes that full repeal of the Dodd-Frank Act is unlikely, though he supports a House effort to make significant changes, according to a former banker who was on the shortlist to be Treasury secretary.