Chris Cumming

The Securities and Exchange Commission will not punish United Community Banks after an accounting investigation, the Blairsville, Ga., company said Monday.

United Community Financial (UCFC) in Youngstown, Ohio, has raised $39.9 million in a private offering.

The Boca Raton, Fla. company announced Friday it has agreed to by Enterprise Bancorp in North Palm Beach, Fla.

First Bancshares (FBMS) in Hattiesburg, Miss., has raised $20 million to finance its purchase of a bankrupt Gulf Coast lender.

NewBridge Bank (NBBC) in Greensboro, N.C., has created two executive positions, naming David Barksdale its chief strategy officer and Spence Broadhurst its chief sales officer.

The Federal Reserve Board has released Citizens Community Bancorp (CZWI) in Eau Claire, Wis., from an enforcement action.

Provident Financial Holdings (PROV) in Riverside, Calif., plans to repurchase up to 5% of its outstanding stock.

Texas Capital Bancshares (TCBI) in Dallas is planning to raise $150 million by selling preferred stock.

Dale Diederick, 1st Capital's senior credit officer, is set to take over the new role, 1st Capital said Thursday.

Huntington Bancshares (HBAN) has promoted a veteran executive to be its director of commercial real estate.

Ally Bank said Thursday that it plans to sell a portfolio of mortgage-servicing rights to Quicken Loans for approximately $280 million. The loans have an unpaid principal balance of $34 billion as of Jan. 31 and are expected to be refinanced after the sale.

Cathay General Bancorp (CATY) in Los Angeles has repaid half the money it received through the Troubled Asset Relief Program.

Shareholders of ECB Bancorp (ECBE) have approved the Engelhard, N.C., company's sale to Crescent Financial (CRFN).

Freedom Credit Union in Pennsylvania has adopted the Teller Management System from Financial Management Solutions (FMSI).

Financial technology company Fenergo has unveiled a new version of a product designed to help with data management and compliance.

JPMorgan Chase plans to make changes to its automatic withdrawal policies to better protect its customers from aggressive payday lenders.

Western Alliance Bancorporation in Phoenix is looking for a new chief operating officer. Kenneth Vecchione will resign on April 5 to become the chief executive at another publicly traded financial services company, Western Alliance said Wednesday.

Fentura Financial (FETM) in Fenton, Mich., has turned a profit thanks to an improvement in its loan portfolio.

Bank of Virginia (BOVA) in Midlothian is committing more than $80 million to two programs involving federally backed debt.

Citizens Financial Group in Providence, R.I., has formed a health care banking group for Massachusetts, Connecticut and Rhode Island, according to a news report.