Alan Kline

NB&T Financial Group Inc. in Wilmington, Ohio, said it expects fourth-quarter provision for loan losses to be "substantially" higher than it was last quarter due to a likely default on a loan to a single commercial customer that has $1 million balance.

A Virginia lawmaker is urging his colleagues in Richmond to consider creating a state-owned bank that would use deposits from residents and state agencies to lend to local businesses and stimulate economic growth.

Susquehanna Bancshares Inc. in Lititz, Pa., is planning to eliminate nearly 350 jobs in Pennsylvania and Maryland, according to notices it filed with labor departments in both states this month.

The Carlyle Group, a powerhouse private-equity firm that has been aggressively acquiring stakes in ailing banks, is looking to raise additional funds to invest in troubled and capital-starved financial institutions.

The District of Columbia government keeps most of its deposits at Bank of America, but that could change under a proposal the city council is mulling that would require the city to shift some funds to community banks.

The Federal Reserve Bank of Atlanta has ordered First St. Charles Bancshares Inc. in Boutte, La., to use whatever resources necessary to ensure that its bank subsidiary, First National Bank USA, remains well capitalized.

MetLife Inc. took a step closer to exiting the banking business Tuesday by announcing that it is selling the bulk of its deposits to GE Capital Finance Inc.

Flush with capital after raising roughly $1.1 billion in a stock sale late last year, Capitol Federal Financial Inc. in Topeka, Kan., now plans to deploy some of that capital by repurchasing up to 10% of its shares.

The Kane County Cougars' 20-year old baseball stadium will be christened with a new name starting next season: Fifth Third Bank Ballpark.

ESSA Bancorp Inc. in Stroudsburg, Pa., announced early Thursday that it is buying the $421 million-asset First Star Bancorp Inc. in Bethlehem, Pa., for $24.2 million in cash and stock.

Webster Financial Corp. in Waterbury, Conn., has notified investors that it is considering raising more capital for the purpose investing in new business lines, bolstering its capital levels and perhaps making acquisitions.

Shares of Republic First Bancorp Inc. soared Wednesday after the Philadelphia company announced that it had sold $59 million of mostly problem real estate loans to a single investor.

Roger S. Berkowitz, the chief executive of Legal Sea Foods, has been elected to the board of the Federal Reserve Bank of Boston.

Ohio thrift Cheviot Financial, in the process converting to 100% stock-owned company, is giving initial subscribers to its public offering the option to buy up more shares.

After a months-long internal investigation into its accounting for loan losses, Suffolk Bancorp in Riverhead, N.Y.. has restated its 2010 earnings to show a much smaller profit than first reported.

In what would be its first acquisition since 2007, Sandy Spring Bancorp Inc. in Olney, Md., announced late Tuesday that it is buying CommerceFirst Bancorp Inc. for $25.4 million in cash and stock.

Continuing to expand its mortgage lending into neighboring states, Washington Trust Co. in Westerly, R.I., announced Tuesday that it has opened a loan production office in Glastonbury, Conn.

First United Bancorp Inc. in Boca Raton, Fla., is unloading three of the seven western Florida branches it inherited when it acquired the failed Old Harbor Bank in Clearwater in October.

SCBT Financial Corp. in Columbia, S.C., announced Tuesday morning that it is buying the $546 million-asset Peoples Bancorporation Inc. in Easley, S.C., for $28 million in stock.

A small South Florida bank is now considered to be undercapitalized after it restated year-to-date results to show a larger loss than first reported.