The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.

WASHINGTON — The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.

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

Credit unions in Arizona, Colorado and Wyoming have voted to combine their three state credit union leagues, the latest consolidation of state trade associations.

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

Credit Union of Atlanta has named Sheilah Montgomery, the former president of 1st Choice Credit Union, as its president and chief executive.

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.

Luzerne National Bank Corp. in Luzerne, Pa., has agreed to buy a branch from CCFNB Bancorp Inc. The $280 million-asset company will also get $17.1 million of deposits located around Hazelton, Pa., according to a Friday filing with the Securities and Exchange Commission.

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.

HOUSTON – Cardtronics has broken into the Puerto Rico market with agreements with credit unions to manage their ATM operations.

Evolve Financial Group Inc. in West Memphis, Ark., said its bank has added a Small Business Administration division.

The Office of the Comptroller of the Currency said Thursday that it fined Pacific National Bank in Miami $7 million for violating anti-money-laundering rules.

First Niagara Financial Group Inc. in Buffalo, N.Y., said it has hired a former Ally Financial Inc. executive as its chief financial officer.

Patriot National Bancorp Inc. in Stamford, Conn., said Thursday that a turnaround plan it implemented last year helped it narrow its net loss by 36%, to $15.4 million.

There is growing consensus that the focus should be moved from a rigid definition of the means of gathering deposits to the characteristics of the deposits themselves.

The OCC and Fincen issued a $7 million civil money penalty against Pacific National Bank of Miami for Bank Secrecy Act violations and failing to comply with a previous order.

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

FORT MILL TOWNSHIP, S.C. – Family Trust FCU broke ground here for a new branch that will be part of the Springfield Town Center.