Chris Cumming

Fourth-quarter interest income and margins rose at Park Sterling (PSTB) in Charlotte, N.C., after an acquisition that doubled its assets.

Jerry Von Rohr, the former chief executive of Reliance Bank in St. Louis, is suing for salary and benefits he says the Federal Deposit Insurance Corp. unfairly prevented him from receiving.

Berkshire Hills Bancorp (BHLB) has hired a team of five away from TD Bank to open its first commercial banking office in eastern Massachusetts.

nCino has updated its cloud-based software for the financial services industry.

Darrell Fletcher is leader of the Columbus, Ohio, company's new commodities hedging service and its third specialty hire from another bank in recent months.

Swedbank has signed on with Bloomberg PolarLake's new managed service for enterprise data management.

The Treasury Department has decided to cancel the auction of Coastal Banking Company's Troubled Asset Relief Program shares after the bank received approval to pay dividends.

BofI Holding (BOFI) in San Diego earned a record quarterly profit on surging interest income and a higher interest margin.

First Niagara (FNFG) in Buffalo has created a banking region that includes branches it bought last year from HSBC.

Flagstar has asked the Treasury to delay the sale of its Tarp shares, will have to pay more than $90 million in connection with a bond insurer's lawsuit, and announced the sale of more commercial loans.

David Mitchell has been named Avon, Conn.-based COCC's senior vice president and chief partnership officer, the company announced Wednesday. He will be in charge of corporate and product marketing and new business development.

Capital Bank Financial (CBF) in Miami said its board had authorized the repurchase of up to $50 million of its common stock, which could take place through open-market or through private transactions.

A unit of United Community Financial (UCFC) in Youngstown, Ohio, has been freed from an enforcement action with the Federal Deposit Insurance Corp. and the Ohio Division of Financial Institutions.

Bank of Virginia (BOVA) in Midlothian, Va., will invest in Stonegate Mortgage’s residential mortgage-loan participation program.

KeyCorp (KEY) in Cleveland has hired a Bank of America (BAC) veteran as its chief human resources officer.

The Fed said Tuesday that it terminated a written agreement with Progressive on Feb. 1. The agreement barred Progressive or its $136 million-asset ProGrowth Bank in Nicollet, Minn., from paying dividends or taking on new debt without approval.

The Treasury Department is planning to wind down its Troubled Asset Relief Program investments in six financial institutions by auctioning off approximately $358 million in preferred stock and subordinated debt investments.

Woodforest National Bank in Woodlands, Texas, has promoted Julie Mayrant to president of its retail operations, according to a news report.

Police and Fire Federal Credit Union will continue to use the Star ATM network run by First Data.

Naugatuck Valley Financial in Connecticut has added Orville Aarons as a director. Aarons is president of O. Aarons & Co., an investment bank, and had been a chief lending officer at The Community's Bank.