Chris Cumming

The Mississippi companies have received all the necessary approvals and expect to finalize the deal Sept. 1, they announced Friday.

Anchor BanCorp Wisconsin has settled fraud charges brought by the Securities and Exchange Commission in connection with one of its 2009 quarterly reports.

Regulators have lifted an enforcement action against Eastern National Bank in Miami, according to a report.

Anchor BanCorp Wisconsin (ABCW) reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

Enterprise Financial Services Corp. (EFSC) in St. Louis converted $20 million of trust-preferred securities to common stock, a move that will reduce its borrowing costs and improve its capital position.

Pacific Mercantile Bancorp (PMBC) in Costa Mesa, Calif., has hired an executive from SVB Financial Group (SIVB) to lead a niche lending unit.

The Federal Reserve Board has terminated enforcement actions with Marquette Financial in Minneapolis and Bank of Virginia in Midlothian.

Royal Bancshares of Pennsylvania (RBPAA) in Narberth recorded a second-quarter loss that it attributed to the cost of settling two long-standing legal issues.

1st Constitution Bancorp in Cranbury, N.J., has agreed to acquire Rumson-Fair Haven Bank and Trust Co. in Rumson, N.J.

Mercantile Bank announced a deal Thursday that would make it the third-largest bank based in Michigan.

U.S. Century in Florida, one of the largest undercapitalized banks in the U.S., is trying to sell a controlling interest to an investment group. But shareholders who have sued the bank favor another group's buyout offer, and they tried to get the judge to force the bank to reconsider.

Athene Holdings has agreed to increase the protections it offers annuity customers in order to secure a New York regulator's approval of its planned acquisition of the British insurer Aviva.

VantageSouth Bancshares (VSB) in Raleigh, N.C., has sold $38.1 million in subordinated debt.

First Community (FCCO) in Lexington, S.C., has agreed to buy Savannah River Financial in Augusta, Ga.

First Mariner Bancorp (FMAR) in Baltimore swung to a loss as professional fees rose and mortgage banking income cratered.

The three largest shareholders of First BanCorp (FBP) in San Juan, Puerto Rico, are planning to sell approximately $189 million worth of shares.

First National Community Bancorp in Dunmore, Pa., swung to a quarterly profit thanks to cost cuts and securities sales.

A shareholder lawsuit against the management of Home BancGroup in Hallandale Beach, Fla., has been dismissed, according to a news report.

John Linfante is stepping down as the chairman of Atlantic Coast Financial (ACFC), the latest leader to leave the Florida bank since investors rejected its sale to Bond Street Holdings.

The chief executive of First Community Bancshares (FCBC) in Bluefield, Va., plans to step down.