Republic Bank & Trust has terminated its agreement to buy H&R Block Bank. Republic Bancorp, the parent of RB&T, disclosed its decision this week with an SEC filing. Republic said it notified Block that RB&T was dropping the bid because it had withdrawn applications before the Office of the Comptroller of the Currency.

Xero, which makes online accounting software, has announced a free QuickBooks Conversion Service. The New Zealand-based software company said the service will be introduced during a 20-city road show that starts October 21 in Baltimore.

CohnReznick, a New York City-based CPA firm, has selected Ed Mason as a principal and the firm's national sales director. Co-CEO Tom Marino said Mason's arrival fits with the firm's plan to develop a national sales organization.