The District of Columbia City Council is considering a bill that would deposit far more of the city's funds in local community banks to help stimulate economic growth.

Shares of Royal Bancshares of Pennsylvania Inc. have fallen more than 11% since the $1.3 billion-asset Narberth company said it would delay reporting its third-quarter earnings, because it has yet to determine the amount of reserves it would need to cover its loan losses.

Bank of the Carolinas Corp. in Mocksville, N.C., and Randolph Bank and Trust Co. in Asheboro said they terminated their merger agreement after Randolph failed to get enough shareholder votes to approve the transaction.

The sudden departure of Lone Star Bank's top executive has left the Houston start-up in the hands of investors who have no day-to-day experience running banks.

After reporting record third-quarter earnings, American Community Bancorp in Evansville, Ind., appears on its way to losing money this quarter.

Sterling Financial Corp. of Lancaster, Pa., said its deal to be sold to PNC Financial Services Group Inc. of Pittsburgh remains on track despite its disclosure this week of $35 million in new charges related to issues in its equipment leasing unit.

Community National Bank in North Branch, Minn., has been ordered by the Office of the Comptroller of the Currency to overhaul its management, change its loan policies, and begin an independent review of its loan portfolio.

NEW ENGLAND

The deal that Oritani Financial Corp. announced Wednesday for Greater Community Bancorp would give the Washington Township, N.J., thrift company more core funding, more commercial banking expertise, and more branches in counties where it already operates.

Tompkins Financial Corp. of Ithaca, N.Y., said Tuesday that it is buying Sleepy Hollow Bancorp Inc. for $30.2 million.

Southside Bancshares Inc. in Tyler, Tex., said in a Securities and Exchange Commision filing late Tuesday that it would restate its consolidated statement of cash flows in earnings reports for 2004, 2005 and 2006.

LAS VEGAS — America's Community Bankers last-ever conference included lots of discussion on the credit crisis, regulatory burden, and other hot-button issues, but it wasn't all business.

New Century Bancorp Inc. of Dunn, N.C., has lost money in two straight quarters and has been slapped with an enforcement order for lax underwriting, but its chief executive said that it has addressed regulators' concerns, and that it is already on the road back to profitability.

Alan B. Levan, the chairman and chief executive officer of BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., has more than one company getting stung by the housing market's troubles.

Middle Atlantic community banks that need correspondent banking services have no shortage of options; there are bankers’ banks based in Maryland, Pennsylvania, and Virginia, and the nation’s largest bank for other banks opened a Maryland office two years ago, mainly to help small banks make loans that exceed their limits.

F.N.B. Corp. in Hermitage, Pa., has been anxious to expand beyond its Rust Belt markets, and on Friday it struck a deal that would move it into some of the faster-growing regions of its home state.

Ooh! Nothing like waking up to a disagreeable American Banker story ["Banks, CUs to Fill Payday Gap? Maybe," Nov. 7]. Hard way to start off your day! Creates about the same visceral sensation as dropping a really hot cup of coffee in your lap during the morning commute!

The clock is ticking on an Alexandria, Va., company formed last year for the purpose of buying banks.

When a credit union evaluates a new market for branching, household growth is almost always the first statistic they seek as a gauge of market opportunity. This is certainly sensible, since it is easier to thrive in a market where additional households can support the added branch than in a flat growth market where a new branch just carves the existing household pool into one more slice. This belief has led bankers to branch aggressively into Florida, Texas, Arizona, and other high-growth areas.