Paul Davis

The $2 billion-asset Hampton Roads said in a press release Wednesday that it will pay $107.2 million in stock for the $1 billion-asset Xenith.

Kelly King, the North Carolina company's chief executive, also noted that BB&T is busy integrating a number of recent acquisitions. It is leaning toward buying back stock, though management could be coaxed into making a deal if the right bank became available.

Activist investor Lawrence Seidman has reversed course and will support the lone Malvern Bancorp director standing for re-election.

Park Sterling in Charlotte, N.C., has hired Donald Truslow as its next chief financial officer.

Horizon Bancorp in Michigan City, Ind., has agreed to buy Kosciusko Financial in Mentone, Ind.

A former BBCN Bancorp director said that four of the Los Angeles company’s 13 directors did not vote for its purchase of Wilshire Bancorp.

A pair of directors at Malvern Bancorp in Paoli, Pa., have resigned just days after a large investor refused to support their re-election.

A pair of former BBCN directors said they resigned due to issues with the company's corporate governance and the leadership of Chairman and CEO Kevin Kim. BBCN claims the directors, who voted against its planned acquisition of Wilshire Bancorp, resigned after they were informed of plans to remove them from the board.

Allegiance Bancshares in Houston has sold two branches to Incommons Bank in Mexia, Texas.

Lawrence Seidman, an activist investor in New Jersey, wrote in a regulatory filing that he plans to withhold support for all three of Malvern Bancorp's directors who are up for reelection this year.