Paul Davis

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.

Franklin Financial Network in Nashville, Tenn., is raising capital after being flagged by regulators for its exposure to commercial real estate.

A post-crisis spike in foreclosures, the Deepwater Horizon oil spill and recent flooding in Louisiana all shaped the terms and timing of a bank deal struck in Florida.

Opus Bank in Irvine, Calif., which reported a third-quarter loss tied to credit issues, has elevated two lending officers to executive-level posts.

Banc of California in Irvine has sold about $163 million of single-family residential mortgages to an unnamed buyer.

WestStar Bank in El Paso, Texas, has acquired assets from Cimarron Mortgage Capital.

Home BancShares in Arkansas would rather buy banks that meet its financial parameters than do one large deal to catapult over $10 billion in assets. The bank also spent most of this year idling with M&A so it could prepare for stress testing.

SunTrust Banks in Atlanta has agreed to buy the multifamily lending business of Pillar Financial in New York.

Regions Financial in Birmingham, Ala., has bought a business that manages low-income housing tax credits.

Community bankers are showing renewed interest in consumer lending but admit they may be losing ground to more tech-savvy players, according to a survey released Thursday.

It's the end of an era for BankUnited as John Kanas will step aside as president and chief executive on Jan. 1.