Paul Davis

Sun Bancorp Inc. in Vineland, N.J., said Wednesday that it expects to report a $25 million loss from the sale of commercial real estate loans.

The $12.6 billion-asset company said on Monday that it had hired Thomas Doherty to lead business banking and promoted Richard Bechtel to oversee mortgage banking.

North Valley Bancorp in Redding, Calif., is planning a 1-for-5 reverse stock split to remain in compliance with Nasdaq listing policy.

Shareholders of Comm Bancorp Inc. have approved the Clarks Summit, Pa., company's sale to F.N.B. Corp. in Hermitage, Pa.

WSFS Financial Corp. in Wilmington, Del., has announced its purchase of a bank from National Penn Bancshares Inc. in Boyertown, Pa.

First BanCorp in San Juan, Puerto Rico, had cut the size of a planned common stock offering after securing a concession from the Treasury Department.

The Federal Reserve Board has entered into written agreements with four community banks and their holding companies.

Ameris Bancorp in Moultrie, Ga., an active buyer of failed competitors, on Tuesday appointed a president for its bank.

The $1.9 billion-asset company said in a Nov. 24 regulatory filing that David Wesel is resigning his post at Peoples Bank, effective Dec. 10.

Oriental Financial Group Inc. in San Juan, Puerto Rico, has joined a handful of banking companies by raising its quarterly dividend.

Boston Private Financial Holdings Inc. has named an insider as the president and chief executive of the unit Borel Private Bank and Trust Co.

Macatawa Bank Corp. has hired an executive from Fifth Third Bancorp to become its chief credit officer.

Sterling Financial Corp. in Spokane, Wash., announced plans Thursday for a 1-for-66 reverse stock split.

Capitol Bancorp Ltd. in Lansing, Mich., continues to shed assets as its losses narrow.

Superior Bancorp in Birmingham, Ala., said that capital levels fell again after it posted a hefty third-quarter loss.

The Federal Reserve Board on Tuesday issued written agreements against three community banks and their parent companies.

Horizon Bancorp in Michigan City, Ind., said it has repurchased 25% of its preferred stock under the Troubled Asset Relief Program.

The $7.5 billion-asset company on Monday held a call for all of its 8% trust-preferred securities that were due in 2032 at a redemption price of $25 a share.

Bank of Granite in Granite Falls, N.C., cited higher credit-related expenses in reporting that it third-quarter loss widened to $4.3 million.

First Northern Community Bancorp in Dixon, Calif., said Owen Onsum will retire as president and chief executive at the end of the year.