Chris Cumming

The city of Richmond, Calif., is pushing forward with its plan to rescue underwater homeowners by buying their mortgages, and is leaving open the possibility of using eminent-domain to acquire loans that banks will not sell.

Craig Spengeman, the president of Peapack-Gladstone Financial's (PGC) wealth management unit, is retiring.

Carolina Bank Holdings in Greensboro, N.C., has bought back some of the preferred stock it issued through the Troubled Asset Relief Program.

Zions Bancorp. (ZION) in Salt Lake City plans to auction up to $250 million of debt through its online broker-dealer subsidiary.

Atlantic Coast Financial (ACFC) in Jacksonville, Fla., has picked a veteran of Fifth Third Bancorp (FITB) and the former Wachovia to be its new chief executive.

CoBiz Financial in Denver has named new leadership at its banking franchise. Jonathan Lorenz has been named chairman of the board and Scott Page will replace Lorenz as chief executive at Colorado Business Bank and Arizona Business Bank.

The underwriters of Independent Bank Corp.'s (ICBP) recent offering plan to buy an additional $13.4 million worth of the company's stock.

F.N.B. Corp. in Hermitage, Pa., is setting up a regional headquarters in downtown Baltimore.

The rate at which banks approved small-business loans rose in August, as large banks approved the highest percentage of loan applications since the financial crisis began.

Visa, Goldman Sachs and Nike will replace Bank of America, Alcoa and Hewlett-Packard the Dow Jones Industrial Average next week in a shakeup of the blue-chip stock index.

Bank of America (BAC), Alcoa (AA) and Hewlett-Packard (HPQ) will be dropped from the Dow Jones industrial average next week in a shake-up of the blue-chip stock index.

Old National Bancorp in Evansville, Ind., has agreed to buy Tower Financial in Fort Wayne.

Cardinal Financial Corp. (CFNL) has agreed to buy United Financial Banking (UFBC) for nearly $52 million. The two companies are in the northern Virginia suburbs of Washington.

UMB Financial (UMBF) in Kansas City, Mo., is planning a stock sale that could bring in as much as $257 million.

Its purchase of an Alabama software company has given Geneva-based Temenos a leg up in the U.S. core banking market.

Capital One has bolstered its commercial-lending team by hiring bankers away from JPMorgan Chase and the CIT Group.

The Federal Reserve Bank of Atlanta has approved two Atlantic Coast Financial (ACFC) board nominees proposed by dissident investor Jay Sidhu.

California’s legislature has voted to reform a money-transmission law that has come under fire for stymying payments innovation.

Neil Barofsky, who became known as a staunch advocate for transparency and accountability as the watchdog of the Troubled Asset Relief Program, is joining the law firm Jenner & Block as a partner.

California's legislature has voted to reform a money-transmission law that has come under fire for stymying payments innovation.