Alan Kline

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.

The much-maligned Capital Purchase Program officially broke even last week, and, unless hundreds of banks suddenly stop making their dividend payments, appears on its way to making a profit for the Treasury Department, according to a report released Monday by Keefe, Bruyette & Woods.

Two struggling community banks — Waccamaw Bancshares Inc. in Whiteville, N.C., and First Mariner Bancorp in Baltimore — have received letters from the Nasdaq Stock Market warning that their stocks could be removed from the exchange for failing to meet basic listing requirements.

California Attorney General Kamala Harris is creating a task force aimed at cracking down on mortgage fraud in the country's largest state, according to a report in the Los Angeles Times.

Less than two years after it acquired Federal Trust Bank in Sanford, Fla., so it could qualify for a federal bailout, insurance giant Hartford Financial Services Group Inc. is selling the thrift to another Florida banking company.

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

Popular Inc. in San Juan, P.R., said this week that a previously announced plan to sell off roughly $375 million of troubled construction and commercial real estate loans to an investment group has been called off after the two sides could not agree on the terms of the deal.

For the first time in its history, Virginia Community Bank in Louisa has a CEO whose name is not A. Pierce Stone.

For the first time in its history, Virginia Community Bank in Louisa has a CEO whose name is not A. Pierce Stone.

Popular Inc. in San Juan, P.R., said this week that a previously announced plan to sell off roughly $375 million of troubled construction and commercial real estate loans to an investment group has been called off after the two sides could not agree on the terms of the deal.

Berkshire Hills Bancorp Inc. and Legacy Bancorp Inc., both of Pittsfield, Mass., have agreed to sell off four overlapping branches as a condition of their merger.