Paul Davis

The $1.1 billion-asset company said in a press release Wednesday that its bank had been released from a memorandum of understanding with the Federal Reserve Board.

Republic Bancorp (RBCAA) in Louisville said it is highly unlikely that it will complete its purchase of H&R Block Bank by the end of this year.

TowneBank (TOWN) in Portsmouth, Va., has converted all of its Series A preferred stock into common stock.

BB&T (BBT) in Winston-Salem, N.C., has given itself some breathing room for finding replacements for its board.

First Financial Northwest in Washington ousted a longtime CEO, while HopFed Bancorp in Kentucky seated an outsider on its board and canceled an acquisition, under pressure from activist shareholders. More banks can expect similar fights.

Independent Bank in Ionia, Mich., is back on track with payments on its trust preferred stock.

Superior Bancshares in Hazelwood, Mo., has reportedly agreed to sell a 40% stake in itself to an investor group.

Premier Commercial Bank in Greensboro, N.C., has held a beach-theme office party, brown-bag lunches on weighty matters like the cost of health insurance, and other special events to stand out in its market. It works.

Dwight Utz, who is leaving VantageSouth in North Carolina five months after it bought his bank, says he is looking for CEO jobs Virginia, Maryland or Pennsylvania.

Prosperity Bancshares in Houston has agreed to buy F&M Bancorp in Tulsa, Okla.

VantageSouth Bancshares in Raleigh, N.C., announced that its president will resign.

First Citizens Bancshares in Raleigh, N.C., has agreed to buy 1st Financial Services in Hendersonville, N.C.

First Financial Bancorp (FFBC) in Cincinnati has retooled the management structure of its bank.

Webster Financial in Waterbury, Conn., has promoted one of its executives to run its personal bank operations.

Hamilton State Bancshares in Hoschton, Ga., has agreed to buy Cherokee Banking in Canton, Ga.

Community Bank Shares in New Albany, Ind., has lowered its cost estimates for integrating First Federal Bank in Lexington, Ky.

Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.

Community South Bank in Parsons was shut down by Tennessee regulators Friday.

Market conditions settled down in July after a spike in long-term rates spooked borrowers and bank executives a month earlier.

Delmar Bancorp is giving up a 40% stake in itself to an outside investor, who will cancel Tarp shares he won in a Treasury auction. The investor will also invest cash and forgive unpaid Tarp dividends.