Chris Cumming

The Securities and Exchange Commission has fined Fifth Third Bancorp (FITB) for misclassifying troubled loans during the housing crisis.

Patriot Financial Partners, a Philadelphia PE firm that specializes in community banks, has agreed to buy more than 1.5 million shares of Banc of California for $13.25 each, a price 6% higher than the company's Tuesday closing price of $12.46 a share.

The Treasury Department estimates that it made more than $13.1 million from the sale of warrants in Cathay General Bancorp (CATY).

Frustrated by the lack of new banking charters, two banking trade groups are urging the Federal Deposit Insurance Corp. to relax restrictions on startup institutions.

The Treasury Department was set Tuesday to sell the warrants it held in Cathay General Bancorp (CATY) in Los Angeles.

Anchor Bancorp Wisconsin (ABCW) returned to profitability in the third quarter, after restructuring its debt through a Chapter 11 bankruptcy and getting $175 million in new capital.

American Momentum Bank in Tampa, Fla., is seeking regulatory approval to move its headquarters to College Station, Texas.

ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

The $126 billion-asset company plans to redeem the notes, and pay about $10.3 million in unpaid dividends, on Dec. 30, it announced last week.

United Bancshares (UBSI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington have pushed back the deadline for their merger as they await final regulatory approval.

The Federal Deposit Insurance Corp. took action against six banks and freed a dozen from orders in October.

The technology firm Wipro (WIT) has agreed to buy Opus Capital Markets Consultants, which provides mortgage due diligence and risk management.

Akamai Technologies (AKAM) has agreed to by Prolexic, a maker of cloud-based security software.

The chief financial officer of First Commonwealth Financial (FCF) in Indiana, Pa., is retiring.

Seacoast Banking Corp. of Florida (SBCF) in Stuart plans to redeem its $50 million of outstanding Troubled Asset Relief Program shares.

The insurance subsidiary of Old National Bancorp (ONB) in Evansville, Ind., is taking over a group of accounts from Wells Fargo's (WFC) insurance unit.

Bank investor Kenneth Lehman plans to buy a controlling stake in Marine Bank & Trust Co. in Vero Beach, Fla.

First Internet Bank (INBK) in Indianapolis raised $29.1 million through a public offering.

MB Financial (MBFI) plans to retain nearly all of the top executives at Taylor Capital Group (TAYC) following the companies' planned merger, according to a report Wednesday in Crain's Chicago Business.

A founding executive of National Bank Holdings Corp. (NBHC) in Greenwood Village, Colo., is stepping down.