Paul Davis

Xenith Bankshares (XBKS) in Richmond, Va., has agreed to buy Colonial Virginia Bank in Gloucester, Va.

Entregra Financial in Franklin, N.C., has filed to sell nearly $50 million in common stock as part of it planned conversion to a stock company.

Timothy Mullen, the company's former chief investment officer, wants management to informally evaluate the "best avenue to enhance long-term shareholder value," including any benefits from finding a buyer.

Poage Bankshares (PBSK) in Ashland, Ky., has completed an acquisition that incensed one of its biggest investors.

River Valley Community Bank (RVVY) in Yuba City, Calif., is set to have a new chief executive.

Oak Valley Bancorp (OVLY) in Oakdale, Calif., has restated its fourth-quarter earnings after discovering that it made an error accounting for a common stock dividend.

Associated Banc-Corp (ASBC) in Green Bay, Wis., seems poised to make acquisitions.

United Community Financial (UCFC) in Youngstown, Ohio, has hired an outside executive to become its next president and chief executive.

Talmer Bancorp (TLMR) in Troy, Mich., could enjoy a bigger-than-expected benefit from its purchase of Michigan Commerce Bank.

First Republic Bank (FRC) in San Francisco is planning to sell more than 3.5 million shares of common stock.

Joseph Stilwell has reached a truce with another banking company.

Virginia National Bankshares (VABK) in Charlottesville, Va., is facing pressure from an activist investor to consider selling itself.

Huntington Bancshares (HBAN) in Columbus, Ohio, has poached as executive from U.S. Bancorp (USB) as its new chief financial officer.

Investors Bancorp (ISBC) in Short Hills, N.J., could raise more than $2.6 billion as part of a highly anticipated second-step conversion.

Piedmont Bancorp in Peachtree Corners, Ga., plans to raise $8 million through a private placement of subordinated debt and common stock.

NewBridge Bancorp (NBBC) in Greensboro, N.C., has issued nearly $16 million in subordinated debt to redeem all the preferred stock it issued under the Troubled Asset Relief Program.

Banking activity slowed in January, particularly consumer lending, as cold weather and snowstorms stymied new construction and consumer transactions. Still, bankers maintained an optimistic view of overall business conditions.

Three companies control banking in Hawaii, but they acknowledge that their dominant position could be coming to an end as the local economy changes and mainland banks can use online services to more easily compete from a distance.

A trio of mutual thrifts have filed paperwork to sell a total of $350 million in stock as part of planned conversions to stock companies.

First Citizens Banc (FCZA) in Sandusky, Ohio, will close three branches to cut costs.