Paul Davis

The Buffalo, N.Y., company said that the $1.5 billion purchase created a bank with over $30 billion of assets and $18 billion of deposits in Connecticut, Massachusetts, Pennsylvania and New York.

The Federal Reserve has terminated an enforcement action against Currie Bancorp of Minnesota. Currie, the parent of the $44.9 million-asset Currie State Bank, had been operating under a written agreement since November 2008.

The Federal Reserve and state regulators in New York and Florida last week issued a cease-and-desist order against Banco Industrial de Venezuela.

Mercantile Bank Corp. in Grand Rapids, Mich., returned to profitability in the first quarter after two years of losses.

Southwest Bancorp Inc. in Stillwater, Okla., on Tuesday reported a first-quarter profit despite a sharp rise in its loan-loss provision.

Sterling Bancshares Inc. in Houston reported a narrow loss Tuesday for what should be its last quarter before its sale to Comerica Inc.

First National Bank of the Gulf Coast in Naples, Fla., said it is raising $148 million in capital through a private placement.

Commerce National Bank in Newport Beach Calif., on Monday posted a first-quarter profit that it credited largely to balance sheet growth.

Chemical Financial Corp. in Midland, Mich., said an acquisition helped its first-quarter earnings were more than triple from a year earlier.

Community National Bank in Great Neck, N.Y., said improved net interest income was instrumental in its posting a first-quarter profit of $623,000, compared with a $134,000 profit a year earlier.

Columbia Banking System Inc. of Tacoma, Wash., said late Tuesday that its chief executive had joined the board of the American Bankers Association.

NBH Holdings Inc. of Boston said Tuesday that it had lured a top executive from UMB Financial Corp. in Kansas City, Mo.

Chemung Financial Corp. in Elmira, N.Y., has completed its acquisition of Fort Orange Financial Corp. in Albany, N.Y.

Tower Bancorp Inc. in Harrisburg, Pa., said last week that its chief financial officer had returned from a medical absence.

Camden National Corp. in Maine has formed an executive management team. The five-officer team reports to Gregory Dufour, the $2.3 billion-asset company's president and chief executive.

Suffolk Bancorp in Riverhead, N.Y., said Tuesday that is overhauling its lending operations after reporting a big first-quarter loss.

Intervest Bancshares Corp. in New York posted a first-quarter profit after reporting a loss a year earlier. The $2 billion-asset company reported a profit of $1.7 million, or 8 cents a share, compared with a loss of $2.9 million, or 35 cents a share, a year earlier.

The Federal Reserve Board on Tuesday announced enforcement actions against two banks.

G. Kennedy Thompson, a former chairman and chief executive of Wachovia Corp., will join the board of BNC Bancorp in High Point, N.C.

Norwood Financial Corp. in Honesdale, Pa., has received approval from shareholders of North Penn Bancorp Inc. to buy the Scranton, Pa., company.