Chris Cumming

NCAL Bancorp in Los Angeles has agreed to a recapitalization that would give it new ownership.

Cortland Bancorp in Ohio is exiting the wholesale-mortgage business.

Old Line Bancshares in Bowie, Md., has raised $12 million through a private placement.

Larry Uhlick will retire as chairman of the Birmingham, Ala., company's bank on Sept. 30. BBVA Compass also said in a press release Monday that Manolo Sanchez, the bank's president and chief executive, will succeed Uhlick.

J. Michael Cline will retire from his position as president and CEO role at the end of 2013, the $265 million-asset company announced Monday.

Fiserv has launched a program to help banks deal with the implications of new requirements from the Internal Revenue Service.

James Rohr plans to leave the board of directors of PNC Financial Services (PNC) in April, one year after stepping down as chief executive.

Hampden Bancorp sent a letter to shareholders urging them to reject as board members two candidates proposed by Clover Group, a Dallas hedge fund that controls about 6.8% of Hampden's voting rights.

Provident New York Bancorp (PBNY) and Sterling Bancorp (STL) have reached a settlement with shareholders who alleged that Sterling's board violated its fiduciary duty and failed to disclose crucial information about the two companies' pending merger.

Zions Bancorp. in Salt Lake City has raised $87.9 million in a sale of subordinated notes.

The Federal Deposit Insurance Corp. has lifted a consent order with Seattle Bank, which recently added $10 million of capital.

Chemical Financial (CHFC) in Midland, Mich., could raise up to $57.5 million through its recently announced stock offering, according to pricing information released Friday.

The $3.6 billion-asset Simmons First said Thursday that it plans to pay $53.6 million in cash for the Little Rock, Ark., bank.

The Treasury Department plans to auction nearly $118 million of shares in six lenders as it continues to wind down the Troubled Asset Relief Program.

Landmark Community Bank in Collierville, Tenn., has agreed to acquire the central Tennessee assets of Cadence Bank, according to a report.

An activist investor with a reputation for pressuring management teams is pushing for a seat on the board of Malvern Federal Bancorp in Paoli, Pa.

Investors should brace for third-quarter earnings shock as banks' loan growth stalls and mortgage-banking revenue dries up even faster than predicted, according to an analyst report from BMO Capital Markets.

Marlin Business Services (MRLN) in Mount Laurel, N.J., has hired a chief lending officer for its bank.

BB&T (BBT) in Winston-Salem, N.C., has been closing branches across its network, but is planning to expand its presence in Texas by nearly 50%.

UMB Financial (UMBF) seeks to raise up to $242.2 million next week from a common stock offering that priced Tuesday.