Alan Kline

More than eight months after Sterne Agee Group Inc. announced that it is planning to acquire a community bank, the name of the bank has finally been revealed: Citizens Exchange Bank.

Park National Corp. in Newark, Ohio, swung to a profit in the fourth quarter but still earned less than what analysts were expecting.

Commercial National Corp. in Latrobe, Pa., said Tuesday that its fourth-quarter net income climbed 44% from the same period in 2010, to $1.2 million, as lower funding costs and increased income from investments more than offset a decline in loan balances.

The Federal Reserve Board has ordered bank holding companies in Iowa, Wisconsin and South Carolina to use whatever resources are available to them to nurse their ailing bank subsidiaries back to health.

Sterling Savings Bank in Spokane, Wash., is dropping the "Savings" from its name to reflect its transition from a traditional thrift to commercial-oriented bank.

A small Minnesota bank is in hot water with its regulators after suffering steep losses on loans to some high-profile business executives.

Northway Financial Corp. in North Conway, N.H., said Monday that its fourth-quarter earnings fell 95% from the same period in 2010, to $67,000, after it set aside more money for potential losses and absorbed costs related to prepayment of its Federal Home Loan Bank advances.

DCB Financial Corp. in Lewis Center, Ohio, is planning to raise fresh capital by issuing more stock to existing and prospective shareholders.

Sovereign Bank in Dallas is converting its loan production office in Houston into a regional headquarters and is eyeing further expansion in Texas' largest city.

Bryn Mawr Bank Corp. in Pennsylvania is acquiring a Philadelphia-area wealth management firm from Boston Private Financial Holdings Inc. and the firm's management group.

Cape Bancorp Inc. in Cape May Court House, N.J., swung to a $1.6 million loss in the fourth quarter after taking $1 million writedown on foreclosed properties and an additional $1.1 million writedown on its investment in pooled trust-preferred securities that have lost much of their value.

Solid loan and deposit growth powered Bancorp of New Jersey Inc. to its most profitable quarter in its six-year history, the company said Friday.

New England's largest bank could not have picked a better day to launch its latest marketing campaign.

The former president and chief executive at the failed Orion Bank in Naples, Fla., faces up to 15 years in federal prison after pleading guilty to lying to examiners about the bank’s health.

Continuing its string of insurance agency deals, BB&T Corp. announced Friday that it is buying the life and property and casualty insurance divisions of Crump Group Inc. for about $570 million in cash.

Fueled by solid loan growth and sharply lower funding costs, CNB Financial Corp. in Clearfield, Pa., said Thursday that net income in the fourth quarter climbed 32% from the same period in 2010, to $3.9 million.

BankAtlantic Bancorp Chairman Alan Levan says his company would likely be "out of business" within two years if certain investors succeed in blocking the sale of BankAtlantic's thrift to BB&T Corp.

TCF Financial Corp. in Wayzata, Minn., will soon offer its customers two options for paying overdraft fees on checking accounts.

Despite reporting vastly improved credit quality, Independent Bank Corp. in Ionia, Mich., said Thursday that its losses in the fourth quarter doubled from the same period in 2010, to $9.8 million.

In what would be its first bank acquisition in seven years, Center Bancorp Inc. in Union, N.J., announced Thursday that it is buying the private-equity backed Saddle River Valley Bank in an all-cash deal.