Paul Davis

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.

The $709.2 million-asset company said last week that James Miller would retire on Feb. 4 and that it would launch a search to find his successor. Miller has been with Princeton National since 1979.

The $1.9 billion-asset company said in a Monday press release that Richard Northern, a corporate lawyer in the Louisville office of Wyatt, Tarrant & Combs, will join the board on Jan. 18.

Another banking company plans to exit the Troubled Asset Relief Program after 1st Source Corp. of South Bend, Ind., said it received approval to repurchase preferred shares it issued two years ago.

BankEast in Knoxville, Tenn., has received a prompt corrective action directive from the Federal Reserve due to its undercapitalized status.

Cascade Bancorp in Bend, Ore., said Monday that shareholders overwhelmingly approved a plan to sell common stock to a group of outside investors.

Pinnacle Bankshares Corp. in Altavista, Va., said Friday that it is looking for a new president and chief executive. The $334.7 million-asset company said in a filing with the Securities and Exchange Commission that Robert H. Gilliam Jr. plans to retire from the company and its First National Bank unit "in a midyear 2011 time frame."

PAB Bankshares Inc. has announced that it received a prompt corrective action directive from the Federal Reserve due to the "significantly undercapitalized" status of its Park Avenue Bank.

First Mid-Illinois Bancshares Inc. in Mattoon said Tuesday that it would raise up to $25 million in capital through a private placement of preferred stock.

BancFirst Corp. in Oklahoma City on Wednesday completed its purchase of OK Bancorp., its second acquisition this week.

The number of banks and thrifts deferring dividends on preferred stock from the Troubled Asset Relief Program rose last month, according to a report.