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

Community Trust Bancorp Inc. in Pikeville, Ky., completed its purchase of LaFollette National Corp. in LaFollette, Tenn., the companies announced.

After securing more capital, Jacksonville Bancorp Inc. has announced its purchase of Atlantic BancGroup Inc.

The Federal Trade Commission began mailing refund checks Wednesday to 957,928 people who were victims of false claims made by LifeLock Inc., which told consumers it could provide absolute protection from identity theft if they signed up for its identity protection service. The mailings will continue for two weeks.

The recent trend toward bank IPOs, coming three years into a de facto industry lockdown, may prove ephemeral.

The $1.5 billion-asset company said in a Tuesday filing with the SEC that it expects to raise up to $26.1 million by selling 1.5 million shares of common stock at $17 a share.

Cascade Bancorp of Bend, Ore., finally secured the capital it has been pursuing for months, with the help of a new investor -- Wilbur Ross.

Executive management will need to resolve simmering issues with performance measurement, given the persistent bank emphasis on splintered metrics centered on individual products.

With fewer borrowers delinquent on one or more accounts, U.S. consumers' credit risk level dropped in the third quarter ended Sept. 30 to a mark not seen since the first quarter of 2009, according to TransUnion's Credit Risk Index (CRI) released Wednesday.

A federal district court in Chicago shut down an international robocall ring that allegedly conned consumers out of $995 each with false promises to reduce their credit card interest rates.

A New Jersey lawyer and his Pennsylvania-based collection agencies must cancel nearly $8 million in alleged debt they tried to collect from more than 1,900 West Virginia residents, West Virginia Attorney General Darrell McGraw's office announced Tuesday.

North Valley Bancorp in Redding, Calif., posted a $7.6 million loss for the third quarter, compared with net income of $684,000 a year earlier.

TIB Financial Corp. in Naples, Fla., had a wider net loss of $33.7 million in the third quarter after its new owner overhauled the company's balance sheet.

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.

First Northern Community Bancorp in Dixon, Calif., has promoted Jeremiah Z. Smith to take over as chief financial officer at the end of the year.

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

Roughly a year after announcing plans to halve itself to survive, Mercantile Bancorp Inc. in Quincy, Ill., is again in search of more capital.

Re: "Viewpoint: Harness Home Loan Banks for Job Creation" Nov. 10. I concur with Mr. Hurley that the Federal Home Loan Bank System played a critical role in providing liquidity during the financial crisis. I cannot, however, agree with the approach he proposes to restructure the Home Loan Bank System.

ACA International announced Tuesday that it did not renew longtime CEO Rozanne Andersen's employment contract and has replaced her effective immediately.