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Bond Street Holdings has agreed to pay a premium of nearly 50% for the struggling Atlantic Coast, the companies announced Tuesday. Atlantic Coast announced it was exploring the possibility of a merger more than a year ago.
February 26 -
FirstMerit (FMER) in Akron, Ohio, has named a president of its Michigan operations as it prepares to enter the state.
February 25 -
Cambridge Bancorp in Massachusetts has added Donald Briggs, a specialist in retail real estate, to its board. Briggs is senior vice president of development for the Federal Realty Investment Trust.
February 25 -
JPMorganChase (JPM) has promoted a regional executive to lead its commercial banking unit that serves midsize businesses.
February 25 -
Financial technology firm Verdande is partnering with software company ITRS Group to improve its product for identifying and preventing system failures.
February 25 -
A California man has been accused of running a scheme to prevent banks from foreclosing on properties.
February 25 -
The Treasury Department has begun an auction for its Troubled Asset Relief Program stake in nine more banks.
February 25 -
Rheo Brouillard, a longtime director at Bankers' Bank Northeast, was tapped to succeed Ralph Shulansky, who died of a heart attack last month.
February 25 -
Michael Crowley Jr., the chief executive at Bank Mutual in Brown Deer, Wis., is stepping down after 45 years with the company.
February 25 -
Lead Bank in Garden City, Mo., plans to expand the range of services it offers by becoming a state-chartered trust company.
February 22 -
The number of community banks under enforcement actions fell in January, as the Federal Deposit Insurance Corp. ended 16 orders and issued five on the month.
February 22 -
Bank of Commerce Holdings (BOCH) in Redding, Calif., has elected two directors after the death of its chairman.
February 22 -
First Sound Bank (FSWA) in Seattle has bought back its Troubled Asset Relief Program shares after raising nearly $8 million.
February 21 -
Fulcrum Biometrics has reached an agreement to sell low-cost iris-recognition scanners that can be used in banking and mobile security systems.
February 21 -
Monarch Financial (MNRK) in Chesapeake, Va., is getting rid of preferred stock it issued in 2009.
February 21 -
KeyCorp (KEY) in Cleveland has agreed to sell its investment management and broker-dealer units.
February 21 -
Broadway Financial in Los Angeles has unloaded a package of loans in an effort to boost its asset quality.
February 21 -
Capital One (COF) is expanding its board of directors with the addition of two banking industry veterans, including a former top official of the Consumer Financial Protection Bureau.
February 20 -
Financial Institutions (FISI) has ended its months-long search for a new chief executive with the promotion of an insider.
February 20 -
The founder and chief executive of Bankers' Bank Northeast in Glastonbury, Conn., is retiring.
February 20
