Alan Kline

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.

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.

Aiming to beef up its wealth management business, Provident Bank in Jersey City has struck a deal to acquire Beacon Financial Corp. of Morristown, N.J., for up to $10.5 million in cash.

Aiming to beef up its wealth management business, Provident Bank in Jersey City has struck a deal to acquire Beacon Financial Corp. of Morristown, N.J., for up to $10.5 million in cash.

Atlantic Coast Capital Corp. in Jacksonville, Fla., said Wednesday that G. Thomas Frankland is now officially its president and chief executive.

Atlantic Coast Financial Corp. in Jacksonville, Fla. said Wednesday that G. Thomas Frankland is now officially its president and chief executive officer. Frankland had been the interim president and CEO since October.

First Bancshares in Hattiesburg, Miss., is buying seven Whitney National Bank branches in a deal that would more than double its branch network along the Gulf Coast and move it into a new market in Louisiana.

The $13.5 billion-asset company said this week that it will shutter nine branches in Arkansas, eight in Mississippi — including two in its headquarters city — three in Tennessee, and one each in Texas, Alabama and Missouri.

Patriot National Bancorp Inc. saw its losses widen in the first quarter, but asset quality improved substantially as the Stamford, Conn., company continued shed problem loans.

Two weeks after First Niagara Financial Group in Buffalo announced it is adding hundreds of jobs in western New York, the chief executive M&T Bank Corp. said his company expects to create 133 new jobs in Buffalo as a result of its acquisition of Wilmington Trust Corp. in Delaware.

Hit hard by defaults on construction loans, Old Second National Bank in Aurora, Ill., has agreed to an enforcement order with its regulator that requires it to boost a key capital ratio by the end of the third quarter.