Alan Kline

Pacific Valley Bank in Salinas, Calif., announced it intends to de-register its thinly traded shares and suspend filing periodic financial reports with the FDIC as a result of the Jumpstart Our Business Startups (JOBS) Act signed into law this month.

FVNB Corporation in Victoria, Texas, is expanding into the Austin and San Antonio markets with a deal to acquire the $270 million-asset First State Bank in New Braunfels.

Intervest Bancshares (IBCA) in New York said Monday that its first-quarter profit climbed 53% from the same period in 2011 due primarily to lower overhead and improved asset quality.

The state of Indiana has tapped a former banker to help restore credibility to its beleaguered revenue department.

The founder and chief executive of Vantage Point Bank in Fort Washington, Pa., has resigned after more than four years with the bank.

Bank of America (BAC) is preparing to sell off hundreds of foreclosed homes in bulk as part of its ongoing effort to clear out its inventory of distressed assets.

The Treasury Department has not said if it intends to auction off more stakes it owns in community banks, but Yadkin Valley Financial (YAVY) in Elkin, N.C., wants to be ready in case it does.

Bank of the Ozarks (OZRK) in Little Rock said its first-quarter earnings increased 23% from the same period in 2011, to $18 million, on the strength of improved efficiency, solid growth in fee income and a continued decline in problem assets.

The board of directors at VIST Financial (VIST) in Wyomissing, Pa., has formed a special litigation committee to investigate shareholder claims that the board breached its fiduciary duty when it agreed to sell VIST to an upstate New York company for $86 million.

Shares of Southcoast Financial (SOCB) surged more than 50% Thursday after the Mt. Pleasant, S.C., banking company reported its first quarterly profit in nearly two years.

Consumers are stashing more money than ever into bank accounts but the surge of deposits is not translating into more fees for banks.

NCAL Bancorp in Los Angeles and Raton Capital in New Mexico have been hit with enforcement orders from the Federal Reserve Board that require them to stabilize their ailing bank subsidiaries.

C&F Financial (CFFI) in West Point, Va., has repurchased all the shares it issued to the Treasury Department in 2009 and now just needs to buy back its warrant to exit the Troubled Asset Relief Program.

Commerce Bancshares posted record earnings in the first quarter as improved credit quality and strong revenue growth in its fee-based businesses more than offset flat loan growth.

Improved asset quality and declining expenses powered Washington Federal in Seattle to a $34 million profit in the quarter that ended March 31, a 32% increase from the same period in 2011.

Hugh C. Lane Jr. has stepped down as president and chief executive at the Bank of South Carolina (BKSC) and has been replaced by his longtime associate, Fleetwood S. Hassell.

Women and minorities own nearly 30% of all the businesses in California but many can't get the bank loans they need to grow their firms. California Bank & Trust in San Diego is aiming to change that — and bolster its own loan portfolio — with a new multi-pronged lending initiative targeting female and minority entrepreneurs.

Bank of America (BAC) wants to clear out the backlog of distressed homes in Florida by speeding up approvals of short sales.

Connecticut's attorney general plans to hire an outside consultant to look into foreign exchange trades State Street made as the custodian of the state's $25 billion pension fund.

Bankers have lost the credibility needed to influence the public and policymakers, M&T Bank CEO Robert Wilmers says.