Alan Kline

Tennessee Commerce Bancorp Inc. in Franklin will not be required to restate its 2010 earnings after all, but it is under orders to boost its capital ratios.

Xenith Bancshares Inc. of Richmond, Va., is adding market share in its hometown with a deal to acquire the lone Virginia branch of Paragon Commercial Bank in Raleigh, N.C.

BankUnited Inc. of Miami Lakes, Fla., is expanding into the New York market with a deal to acquire Herald National Bank for $71.4 million in cash and stock.

Less than six months after completing its first bank acquisition, First General Bank in Rowland Heights, Calif., has struck another deal.

Webster Financial Corp. in Waterbury, Conn., has hired a former top executive at NewAlliance Bancshares as its chief financial officer.

Shares of Herald National Bank rose more than 25% Tuesday after Bloomberg reported that BankUnited in Miami Lakes, Fla., was in talks to acquire the small, New York-based commercial bank.

Boston Private Financial Holdings Inc. has combined its four banks in New England, California and the Pacific Northwest under a single charter.

Community bankers are backing a bill introduced in the House of Representatives last week that would exempt privately held banks with less 2,000 shareholders from filing quarterly reports with the Securities and Exchange Commission.

First Financial Holdings Inc. is selling its insurance agency subsidiary and its chief executive said that the Charleston, S.C., company intends to use the proceeds to shore up its capital base and invest in its core businesses of banking and wealth management.

Less than six months after closing its first-ever bank acquisition, First General Bank in Rowland Heights, Calif., has struck a deal to buy another small bank.

Webster Financial Corp. in Waterbury, Conn., has tapped a former top executive at NewAlliance Bancshares to fill its position of chief financial officer.

PrivateBancorp Inc. of Chicago said Wednesday that it has named James Guyette as the second chairman in the company's 20-year history.

Struggling Carver Bancorp is going on the offensive in its effort to fix its balance sheet and return to profitability, adding the newly created position of president and chief operating officer.

Wells Fargo & Co. has struck a deal to acquire a finance company that specializes in lending to technology resellers.

Though federally insured thrifts are making money again after bearing the brunt of the housing bust, their profits have now fallen in four of the last five quarters.

Bank of America Corp. is teaming up with community development lenders to make older commercial buildings more energy efficient.

Private Bancorp Inc. in Chicago has named James Guyette as the second chairman in the company's 20-year history.

First Community Bancshares Inc. in Bluefield, Va., appears poised to make acquisitions after raising $19 million in fresh capital.

Battered by defaults on real estate loans, FNB United Corp. of Asheboro, N.C. reported a loss of nearly $45 million in the first quarter and says that it is likely to fail if a previously announced recapitalization plan falls through.

SCB Bank in Shelbyville, Ind., is running low on capital after management opted to set aside more than $11 million to cover problem loans dating to the tenure of its former chief executive.