A little more than a year after becoming Eastern Bank Corp.'s chairman and chief executive officer, Richard E. Holbrook has struck his first big deal for the Boston company.

With Maryland's largest bank on the hook for millions of dollars in fees it charged borrowers who prepaid their loans, state legislators are moving quickly to protect other banks by revising the statute on prepayment charges.

Shares of Tennessee Commerce Bancorp Inc. in Franklin plummeted Monday after the company said it had found "material weaknesses" with its internal controls and had put its chief financial officer on paid leave.

Village Bank and Trust Financial Corp. of Midlothian, Va., said Monday that it has a deal to buy River City Bank in Mechanicsville for $20.2 million in cash and stock.

As Texas’ new commissioner of savings and mortgage lending, Doug Foster does not appear to have the same industry pressures as regulators elsewhere.

American Community Bank in Monroe, N.C., has hired William Mark DeMarcus as its chief banking officer.

Unable to find a buyer after it was ordered by its regulator to sell itself, Universal Savings Bank in Milwaukee will liquidate its assets and deposits voluntarily, the Milwaukee Journal-Sentinel reported Friday.

Federal and state regulators said Friday that they have shut down the $18.7 million-asset Hume Bank in Missouri, the second bank to fail this year.

First Citizens Bancorp Inc. in Columbia, S.C., is expanding its reach in Georgia with a deal to buy the $145 million-asset Merchants and Farmers Bank of Comer for $37 million.

Glenn E. Moyer likes to tout what he calls the "new" National Penn Bancshares.

Village Bank and Trust Financial Corp. of Midlothian, Va., said Monday that it has a deal to buy River City Bank in Mechanicsville for $20.2 million in cash and stock.

Shares of Colonial Bankshares Inc. of Vineland, N.J., fell sharply Thursday after the thrift company said a revision to its fourth-quarter earnings would cut its previously announced profits by nearly half.

With the din of advertising that bombards us each day, I am always impressed when a "little guy" can cut through the noise to get me to consider a particular message.

Many community banking companies have wealth management units, but lately more small and midsize wealth managers have been getting into the banking business.

PrivateBancorp Inc. in Chicago has promoted Patrick McQueen to chairman and chief executive of its Michigan bank.

Utah is about to ease restrictions on the business loans state-chartered credit unions can make, after bankers there agreed to compromise on the issue.

TIB Financial Corp. of Naples, Fla., is forming a trust company to expand its private banking and wealth management services.

BankLiberty in Liberty, Mo., has a deal to buy nearly all of the banking operations, assets, and deposits of Farley State Bank in Parkville.

Shares of UCBH Holdings Inc. fell sharply Wednesday after the San Francisco company disclosed that its loan chargeoffs in 2007 were higher than first reported.