Paul Davis

Bank of Commerce in Chalotte, N.C., on Tuesday reported a loss of $1.3 million for the fourth quarter.

First BanCorp in San Juan, Puerto Rico, has reduced its shares outstanding to 21 million after a 1-for-15 reverse stock split.

The Federal Reserve Board reached written agreements with five community banks Thursday.

Carolina Trust Bank in Lincolnton, N.C., raised $6.3 million after selling 2.1 million shares of common stock.

First Commonwealth Financial Corp. in Indiana, Pa., has named a company insider to become its chief risk officer.

BankFirst of Winter Park, Fla., has agreed to acquire Commercial Bancorp Inc. of nearby Ormond Beach.

Independent Bank of Austin said Tuesday that it has changed its legal name to I Bank Texas. The $156.8 million-asset company, which is based in Lakeway, was created in 2005. A website was also developed to reflect the new name.

Susquehanna Bancshares Inc. in Lititz, Pa., has brought in a new chief operating officer. The $14 billion-asset company said in a Dec. 30 filing with the Securities and Exchange Commission that it had hired Gregory Duncan to succeed Eddie L. Dunklebarger on Jan. 28.

Central Virginia Bankshares Inc. in Powhatan said Monday that it promoted Herbert Marth Jr. to president and chief executive.

Tower Bancorp Inc. of Harrisburg, Pa., is discontinuing the operations of a mortgage division that belonged to First Chester County Corp., a bank it bought last month.

Centrue Financial Corp. is at risk of delisting on the Nasdaq Stock Market. Nasdaq notified the St. Louis company Dec. 28 that it was not in compliance with a rule requiring it to maintain a minimum market value of $5 million.

First California Financial Group Inc. in Westlake Village has agreed to buy an electronic banking solutions group from Palm Desert National Bank.

Rockville Financial Inc. in Connecticut said Monday that it has hired a former banker at Wells Fargo & Co. to be its next president and chief executive.

North Valley Bancorp in Redding, Calif., announced that it has completed a 1-for-5 reverse stock split.

Heartland Financial USA Inc. in Dubuque, Iowa, is combining the charters of two banks.

Santa Lucia Bancorp in Atascadero, Calif., which is operating under a written agreement with the Federal Reserve, has brought back a former president and chief executive to help it work through credit problems.

First Busey Corp. in Champaign, Ill., has announced plans to raise almost $86 million in capital by selling common stock and preferred shares.

Baylake Corp. in Sturgeon Bay, Wis., said Thursday that it had entered into a written agreement with the Federal Reserve requiring it to build capital, improve earnings and reduce nonperforming assets.

Royal Bancshares of Pennsylvania Inc. said Thursday that it has finally sold Royal Asian Bank.

Raymond James Financial Inc. said Wednesday that it has agreed to acquire Howe Barnes Hoefer & Arnett Inc. The deal would combine two well-known regional investment banks.