Chris Cumming

Eastern Virginia Bancshares (EVBS) has closed a $5 million rights offering. The offering followed a $45 million private placement announced in March, in which the company sold a 30% stake to institutional investors.

John Kanas is losing his top lieutenant at BankUnited (BKU) in Miami Lakes, Fla. The $12.7 billion-asset company said Tuesday that John Bohlsen has resigned as chief lending officer and vice chairman for personal reasons.

Unity Bancorp (UNTY) in Clinton, N.J., has received approval to buy back its remaining shares issued to the Treasury Department through the Troubled Asset Relief Program.

Bank of Marin Bancorp (BMRC) in Novato, Calif., has agreed to acquire NorCal Community Bancorp (NCLC) in Alameda, Calif.

The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.

The president and chief executive of Sierra Vista Bank (SVBA) in Folsom, Calif., has stepped down.

Continuing its string of acquisitions in its home state, Prosperity Bancshares in Houston has agreed to buy FVNB Corp. in Victoria, Texas.

First PacTrust Bancorp in Irvine, Calif., has raised $50.9 million through a common stock offering.

A veteran banking regulator has been promoted to become the commissioner of Georgia’s Department of Banking and Finance.

A former bishop of a Mormon church in Connecticut was sentenced to nearly four years in federal prison for running a fraud scheme that roped in a participant in the Troubled Asset Relief Program.

Rep. John Campbell, the chairman of the House Financial Services subcommittee on monetary policy, has decided not to seek re-election.

The $3.5 billion asset company will invest in Religare Enterprises, an Indian firm that is applying for a banking license in India, Customers said Thursday. It will spread the investment out over the next 18 months.

Jack Choi, the chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles, will step down on July 1 to become president and chief executive of an unnamed bank.

Alamogordo Financial Corp. (ALMG) in New Mexico has agreed to buy Bank 1440 (BFFO) in Phoenix.

Signature Bank (SBNY) in New York City has hired a private-client team from Citigroup (NYSE: C) and added two more bankers to head its existing groups.

The consumer-loan company InstaLoan has contracted with FactorTrust for information on the underbanked, to help it expand its pool of loan candidates.

Bay Banks of Virginia in Kilmarnock plans to close a branch and begin offering mobile banking.

In an effort to simplify its mortgage process and improve compliance, BOK Financial (BOKF) in Tulsa, Okla., has chosen DocuTech's mortgage loan document software.

BBVA Compass has begun contracting its branch network, with the bulk of the closures in Texas.

Opus Bank in Irvine, Calif., has hired Michael Allison as co-president and Bob Granfelt as chief operating officer.