Robert Barba

Private Bank of the Peninsula in Palo Alto, Calif., said Friday it has changed its name to Avidbank.

PVF Capital Corp. in Solon, Ohio, has retired a five-year-old debt that will save the company $2.5 million a year.

Southern Community Financial Corp. in Winston-Salem, N.C., has revised its Dec. 31 results downward to reflect an addition to its valuation allowance against deferred tax assets.

Donegal Financial Services Corp. in Marietta, Pa., has once again pushed back its deadline to buy Union Financial Corp. of Lancaster, Pa.

Many community bankers are still tepid about the Treasury Department's latest program to promote small-business lending. But they're making reservations while they can.

Veritex Holdings Inc. in Dallas has completed its purchase of Fidelity Bank, marking its second deal to close since raising $45 million.

Bogota Savings Bank in Teaneck, N.J., has hired Brian McCourt as its chief financial officer. The $370 million-asset thrift said in a press release Wednesday that the CFO responsibilities were previously handled by Joseph Coccaro, who is also its president and chief executive.

The Federal Reserve made public two written agreements for bank holding companies dealing with high levels of credit problems at their bank units.

Superior Bancorp in Birmingham, Ala., has named C. Marvin Scott as its chairman and chief executive and Rick Gardner as its president.

Data on failed banks sold in the first 10 weeks of the year hints at a broader shift toward buyers going it alone.

Stonegate Bank in Fort Lauderdale, Fla., has completed its acquisition of Southwest Capital Bank of Fort Myers, Fla.

Old Second Bancorp Inc. in Aurora, Ill., said its bank expects further regulatory scrutiny after it was unable to fully comply with a memorandum of understanding.

Sun Bancorp Inc. in Vineland, N.J., should have an additional $70 million of capital in its coffers this week, although the new money will come at a discount.

Bankers are divided over the seriousness of a provision in the Dodd-Frank Act that would repeal Regulation Q and allow banks to pay rates for demand deposits.

A pair of community banks have reduced the Treasury Department's ownership stake in their companies.

Integra Bank Corp. in Evansville, Ind., on Tuesday reported a fourth-quarter loss of $42.8 million, half its loss in the year-earlier period.

FNB United Corp. in Asheboro, N.C., was out of equity at the end of 2010, prompting it to warn about its future. The $1.9 billion-asset company said Monday in its annual report filed with the Securities and Exchange Commission that there is substantial doubt about its ability to continue as a going concern.

On Friday, the $1.8 billion-asset company in Marietta, Ohio, said it had hired Charles W. Sulerzyski, a former regional president for KeyCorp's Great Lakes region, to serve as president and chief executive, effective April 4.

The Federal Reserve Board has voted to allow Goldman Sachs Group Inc. to retain an 9.8% stake in the $589 million-asset Avenue Financial Holdings Inc. in Nashville.

The Federal Reserve Board has voted to allow Goldman Sachs Group Inc. to retain an 9.8% stake in a small Tennessee banking company. Goldman Sachs Investment Partners Master Fund LP made the investment in the $589 million-asset Avenue Financial Holdings Inc. in Nashville in 2007.