Chris Cumming

Commonwealth Business Bank (CWBB) in Los Angeles has added veteran banker Alvin Kang to its board.

WSFS Financial in Wilmington, Del., has repurchased preferred shares it issued the Troubled Asset Relief Program.

Bill Heffernan has done it all over four decades in Miami banking, and has even been a mayor of a small town. Now, as a new board member of Apollo Bank, he'll advise the community bank on growth strategies.

BankUnited (BKU) says a factoring firm overstated its relationship with the Miami Lakes, Fla., bank.

The Federal Reserve Board has given Valley National Bancorp in Wayne, N.J., approval to redeem $127.5 million of trust-preferred securities.

State Bank Financial Corp. in Atlanta has named a new credit guru.

Heartland Financial (HTLF) in Dubuque, Iowa, plans to raise up to $75 million.

GNB Financial in Gratz, Pa., has agreed to buy Liberty Centre Bancorp in Pottsville, Pa.

Unity disclosed in a regulatory filing Wednesday that it paid the Treasury Department $2.7 million to repurchase a warrant to buy about 765,000 shares of common stock.

The Swiss banking giant said Wednesday that it expects to invest $36.5 million and to bring about 1,000 workers to the city as part of the expansion. The company will add the jobs over the next five years.

Independent Bank (IBCP) in Ionia, Mich., has raised $89 million as part of a plan to exit the Troubled Asset Relief Program.

The chief credit officer at Hanmi Financial in Los Angeles has resigned.

Heartland Financial in Dubuque, Iowa, has hired a chief financial officer.

The investor group that plans to recapitalize U.S. Century Bank in Doral, Fla., has reportedly revised its offer to give a larger stake to preexisting shareholders.

Security California Bancorp in Riverside is working with a venture-capital firm to fund high-tech businesses.

Shon Hopwood has taken an unusual path: from bank heists to prison to law school … and now a prestigious federal clerkship.

The surge of institutional money into banking stocks is likely to continue for at least another quarter, according to Keefe, Bruyette & Woods.

An executive at Calvert Financial in Ashland, Mo., has admitted to using funds from the Troubled Asset Relief Program to buy a luxury condominium.

Banesco USA in Coral Gables, Fla., has named an interim president and chief executive to replace Rafael Saldaña, who left Friday.

Independence Federal Savings Bank (IFSB) in Washington, D.C., is taking a second shot at buying Colombo Bancshares in Rockville, Md., three years after the companies called off plans to merge.