Chris Cumming

First Bancorp in Troy, N.C., has applied for regulatory approval to move its headquarters to Southern Pines, N.C.

Community Bank of Tri-County in Waldorf, Md., has named a new chief risk officer.

Bank holding companies saw a dip in wealth management income in the first three quarters of 2012, a new study says.

ST Financial Group in College Station, Texas, plans to buy a small bank near Dallas. The parent company of Spirit of Texas Bank has agreed to purchase Peoples Bank in Colleyville, which has $72 million in assets and two branches.

Bank of Astoria in Oregon plans to convert all of its branches to the Columbia Bank brand, nine years after the two lenders merged.

Focus Business Bank in San Jose, Calif., has hired a leader for its business banking team. Robert Gionfriddo has joined the $213 million-asset bank as its chief business banking officer, Focus said Tuesday.

Astoria Financial (AF) in Lake Success, N.Y., plans to raise up to $150 million through an offering of depositary shares.

Lending Processing Services (LPS) is adding former Treasury Secretary John Snow to its board, the mortgage processor said Tuesday.

Bank of Commerce Mortgage is now Commerce Mortgage. The West Coast mortgage lender and servicer announced Tuesday that it has changed its name to reflect its new ownership.

Heritage has agreed to pay $44.2 million for Valley Community Bancshares in Puyallup, Wash., the holding company for the $242 million-asset Valley Bank, the companies announced Tuesday.

Sunrise Community Banks in St. Paul, Minn., plans to combine three bank charters.

United Community Financial (UCFC) in Youngstown, Ohio, is looking to raise $5 million through a rights offering.

Commercial and multifamily mortgage debt rose by 0.9% in the fourth quarter from a year earlier, to $21.8 billion, marking the highest year-over-year improvement since the second quarter of 2008, the Mortgage Bankers Association said Monday.

Bank of the West in San Francisco is making a middle-market commercial lending push.

Christine Rush announced plans to retire as the $855 million-asset company's CFO on May 10, Old Line disclosed in a Friday filing with the Securities and Exchange Commission.

Provident Bank announced Thursday that it had hired John Lynch, a senior financial consultant who will focus on clients in the lower Hudson Valley.

Pacific Mercantile in Costa Mesa, Calif., reported a fourth-quarter loss as expenses rose and a tax benefit dwindled.

The Treasury Department plans to auction its holdings in seven banks, including Flagstar Bancorp (FBC), as it continues to unwind the Troubled Asset Relief Program holdings.

Bank of Farmington in Illinois is launching an investment-services division. The new unit, Bank of Farmington Investment Services, will be headed by financial advisor Chad Mayall.

Cascade Bancorp (CACB), the holding company for the $1.3 billion-asset bank, said Thursday that the Federal Deposit Insurance Corp. and the Oregon Division of Finance and Corporate Securities have terminated an August 2009 cease-and-desist order with the bank.