More banks want to outsource IT functions to the cloud, a term used to describe the use of networked remote servers. And smaller banks are moving faster than larger ones.

A deal by Washington Federal — operating under an MOU with the OTS for nearly a year — to buy branches from Beal Financial may be its greatest stoke of confidence to date.

Macatawa Bank Corp. in Holland, Mich., raised $10.2 million after completing a rights offering, bringing it very close to complying with an order to boost capital levels.

FNB United Corp. in Asheboro, N.C., said Thursday that it had entered into subscription agreements to raise $75 million in capital.

A deal by Washington Federal — operating under an MOU with the OTS for nearly a year — to buy branches from Beal Financial may be its greatest stoke of confidence to date.

Macatawa Bank Corp. in Holland, Mich., raised $10.2 million after completing a rights offering, bringing it very close to complying with an order to boost capital levels.

FNB United Corp. in Asheboro, N.C., said Thursday that it had entered into subscription agreements to raise $75 million in capital.

FAIRHAVEN, Mass. – First Citizens’ FCU said it is opening a new branch Monday in Mashpee, its fourth on Cape Cod.

BATON ROUGE, La. – Dow Louisiana FCU is has applied to local authorities to rezone land here where it plans to build a new four-story headquarters.

1st MidAmerica Credit Union has agreed to acquire Alton Area Employees Federal Credit Union in Illinois.

Community bankers are starting to recoup some of the chargeoffs plaguing their balance sheets in recent years, with most recoveries tied to loans backed by commercial properties.

Hanmi Financial Corp. and Woori Finance Holdings Co. have called off a long-delayed deal where Woori would have invested $210 million in Hanmi.

The $340.6 million-asset company said in a regulatory filing Wednesday that Aubrey Hall 3rd will succeed the retiring Robert Gilliam Jr. on July 1. Hall is the company's chief operating officer.

Sen. Olympia Snowe called on the Small Business Administration to finalize a plan to fix processing errors that led to millions of dollars in overpayments on loan guarantees in 2007.

The $9.7 billion-asset F.N.B. said late Wednesday that it would pay $130 million for Parkvale in an all-stock deal priced at 1.95 times the seller's tangible book value.

The Federal Trade Commission settled two cases involving companies that failed to protect consumers' personal information, the agency announced Thursday.

CORINTH, N.Y. – Village officials have approved a request from Hudson River Community CU to rezone 10 acres it plans to buy from International Paper Co. to enable the credit union to build a new operations center.

STCU Credit Union in Springfield, Mass., said Wednesday that it has hired banking veteran Michael Ostrowski as its president and chief executive.

Centrue Financial Corp. in St. Louis, Mo., said late Tuesday that it is delisting from the Nasdaq Global Market.

The $630.9 million-asset bank said Wednesday that Frank Baier, a partner at Columbia Financial Partners, will become its chief financial officer, pending regulatory approval.