Jacob Passy

CalWest Bancorp in Irvine, Calif., has raised $14 million through a private offering to recapitalize and to retire its Troubled Asset Relief Program funds.

F&M Bank in Clarksville, Tenn., has named Tennessee banking veteran Brad Barrett to its board of directors.

Foreign Banks Profit off Rate Hike; Sanders Blasts Fed

Boston Private Financial Holdings has appointed its chief executive, Clayton Deutsch, as CEO of its bank subsidiary, Boston Private Bank & Trust.

Three banks have redeemed shares of preferred stock to make their exits from the Small Business Lending Fund.

Wolf Point Federal Credit Union in Montana has named Shelly Stovern as its next chief executive.

Rate Hike Fallout, Continued; GSE Revival Hopes Squashed

The $3.4 billion-asset holding company for Five Star Bank received a letter on Wednesday from Clover Partners' managing director, Johnny Guerry, saying management has made the wrong decision on two recent deals. Clover owns about 5.2% of Financial Institutions.

FIS in Jacksonville, Fla., has partnered with the Venture Center to create an incubation lab to boost innovation in financial technology.

Wells Fargo in San Francisco said that its chief information officer will retire at the end of March.