Paul Davis

Emclaire Financial Corp. in Emlenton, Pa., raised its quarterly dividend by 14%. The $481.9 million-asset company declared a dividend of 16 cents a share, compared with 14 cents a quarter earlier.

The Federal Reserve Board said it has reached a written agreement with Westside Banking Co. of University Place, Wash.

Blackhawk Bancorp Inc. of Beloit, Wis., reported a 52% increase in fourth-quarter earnings from a year earlier as an improved net interest margin offset higher credit costs.

National Penn Bancshares Inc. of Boyertown, Pa., said late Monday that Michael Martin had joined its board as part of a recent capital infusion by Warburg Pincus.

CoBiz Financial Inc. of Denver said late Monday that it would record a $15.6 million valuation allowance for deferred tax assets.

The Federal Reserve Board acted against three banks Tuesday. Bank of Whitman in Colfax, Wash., was hit with a prompt corrective action after the Fed found that the $722.2 million-asset bank was undercapitalized and failed to submit an acceptable capital restoration plan.

Republic Bancorp said Friday that it had received a notice from the Federal Deposit Insurance Corp. characterizing its practice of funding loans in advance of income tax refunds as "unsafe and unsound."

Premier Financial Bancorp Inc. said its regulator, citing the Troubled Asset Relief Program, had rejected a request to let it pay dividends.

Carver Bancorp Inc. in New York is trying to raise its capital levels after receiving a cease-and-desist order from its regulator.

State Bank Corp. of Lake Havasu City, Ariz., cited credit costs and issues with deferred tax assets in posting a fourth-quarter loss of $2.9 million.

Peoples Bancorp Inc. of Marietta, Ohio, and Albina Community Bancorp in Portland, Ore., said their chief executives are leaving.

The Federal Reserve Board said it has reached a written agreement with BankVest Inc. of Castle Rock, Colo.

The Federal Reserve Board said it has reached a written agreement with Cokato Bancshares Inc. of Cokato, Minn. The $55.5 million-asset company agreed to be a source of strength for State Bank of Cokato, which has been under a consent order from the Federal Deposit Insurance Corp. since May.

The Federal Reserve Board said Thursday that it had issued a prompt-corrective-action order to Virginia Business Bank in Richmond.

Cullen/Frost Bankers Inc. in San Antonio posted a slight increase in fourth-quarter earnings compared to a year earlier. The $17.6 billion-asset company's earnings rose 3.1%, to $53.1 million. The loan-loss provision was half what it had been a year earlier, at $11.3 million.

UMB Financial Corp. in Kansas City, Mo., reported a 20.2% decline in fourth-quarter earnings from a year earlier, to $19 million, largely due to higher personnel costs tied to past acquisitions.

Britton & Koontz Capital Corp. in Natchez, Miss., reported a fourth-quarter profit despite a rise in nonperforming assets.

Sierra Bancorp in Porterville, Calif., reported a dip in fourth-quarter earnings that it attributed Monday to bigger losses associated with foreclosed properties.

Fidelity Southern Corp. in Atlanta returned to full-year profitability after earning $3 million in the fourth quarter. The $1.91 billion-asset company lost $3.9 million in 2009 but earned $10.1 million last year.

The $13.1 billion-asset company said Monday that its earnings were up slightly from a year earlier, to $40.6 million, or 84 cents a share.