Alan Kline

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.

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.

First Place Financial Corp. in Warren, Ohio, is in danger of having its stock delisted for failing to file its last three quarterly financial statements with the Securities and Exchange Commission.

Capital One Financial Corp. President Lynn Carter is stepping down at the end of the year, according to a filing with the Securities and Exchange Commission Tuesday.

Buoyed by a large private-equity investment and the acquisition of another Northeast Florida bank, Jacksonville Bancorp Inc. swung to a $439,000 profit in the first quarter from a $988,000 loss in the same period last year.

Capital One Financial Corp. President Lynn Carter is stepping down at the end of the year, according to a filing with the Securities and Exchange Commission Tuesday.

Continuing to be plagued by problem construction loans, Hampton Roads Bancshares Inc. in Norfolk, Va., said after the markets closed on Monday that it lost $31.7 million in the quarter that ended March 31.

Hancock Holding of Gulfport, Miss., has won all federal approvals to acquire Whitney Holding in New Orleans, setting the stage for the deal to close on June 4 and create a $20 billion-asset company with more than 300 branches stretching from Florida to Texas.

Bay Commercial Bank in Walnut Creek, Calif., is moving into the Silicon Valley market with a deal to acquire the $66 million-asset Global Trust Bank for $15.3 million in cash and stock.

California Assemblyman Ben Hueso, a Democrat, has introduced a bill to create a task force to consider the viability of forming a bank that'd use deposits of state agencies to support economic development.

Naugatuck Valley Financial Corp. in Connecticut has won permission from the Office of Thrift Supervision to convert from a mutual holding company to a 100% stock-owned company.