Paul Davis

Alliant Financial Corp. in Birmingham, Ala., said Tuesday that it has hired a former BankUnited Corp. officer to become the chief executive of its bank.

First Commonwealth Financial Corp. in Indiana, Pa., on Tuesday restated its first-quarter earnings downward. With the restatement the $5.8 billion-asset company's earnings were 23% lower, at $5.2 million.

Wilshire Bancorp Inc. in Los Angeles is planning to raise up to $115 million in a public offering. The $2.8 billion-asset company said it plans to sell $100 million with an over-allotment option for another $15 million shares of common stock.

International Bancshares Corp. in Laredo, Texas, said Friday that first-quarter earnings rose 5% from a year earlier, in part because of lower credit costs.

Standard & Poor's said late Thursday that F.N.B. Corp. in Hermitage, Pa., has joined its S&P SmallCap 600 index.

First BanCorp in San Juan, Puerto Rico, increased capital ratios slightly in the first quarter, though they remain below the levels mandated by regulators.

A failed-bank acquisition lifted the first-quarter earnings of First Bancorp in Troy, N.C. The $3.4 billion-asset company's earnings rose 56% from a year earlier, to $5.3 million, according to a late Tuesday press release.

The Federal Reserve on Tuesday announced written agreements with three companies.

Washington Trust Bancorp Inc. in Westerly, R.I., said Tuesday that the chancellor of Johnson & Wales University has joined its board.

SVB Financial Group in Santa Clara, Calif., said Tuesday that it had completed a tender offer for its Silicon Valley Bank unit.

Norwood Financial Corp. in Honesdale, Pa., said Monday that it had received regulatory approval to acquire North Penn Bancorp Inc. in Scranton.

BNC Bancorp in High Point, N.C., on Friday posted a profitable first quarter while stating that remains interested in making bank acquisitions.

United Bancorp Inc. in Martins Ferry, Ohio, reported another profitable quarter despite higher credit costs. The $431.1 million-asset company posted a gain of $738,000 in the first quarter, compared with $683,000 a year earlier.

First National Bank of the Gulf Coast in Naples on Friday sold the first $40 million of common stock under a planned $148 million private placement.

The Federal Reserve Board this week announced enforcement actions against three banks.

First Financial Bankshares Inc. in Abilene, Texas, is planning a three-for-two split of its common stock. The $3.83 billion-asset company said the split will take the form of a 50% stock dividend, which it will distribute on June 1 to shareholders of record on May 15.

Sterling Bancorp in New York reported Tuesday that first-quarter earnings rose 71% from a year earlier, to $3.3 million. The $2.39 billion-asset company's loan-loss provision was halved from the first quarter of 2010, to $3 million.

BancorpSouth Inc. in Tupelo, Miss., reported a first-quarter loss because of higher credit costs and a decline in mortgage-related revenue.

First Michigan Bancorp has changed the name of its bank to reflect its growing geography across the Midwest. The company on Monday said it had renamed the unit Talmer Bank and Trust.

National Penn Bancshares Inc. in Boyertown, Pa., reported a big increase in profits on Thursday, which it attributed largely to improved credit.