Community banking companies in Indianapolis have found themselves in a land of regionals after a spate of acquisitions has taken out a rung of midsize competitors.

First Charter Corp. of Charlotte said Monday that despite reports to the contrary, it is not a creditor of HomeBanc Corp., the Atlanta mortgage lender that filed for bankruptcy Thursday.

Falling bank valuations have torpedoed one deal in Georgia, and analysts say others could be in jeopardy.

B of I Holding Inc. of San Diego said net income for its fiscal fourth quarter, which ended June 30, increased 7% from a year earlier, to $904,000.

Two of the nation's oldest African-American-owned banking companies have agreed to join forces.

Center Bancorp Inc. of Union, N.J., said Thursday that it was freezing its pension plan and redesigning its 401(k) plan to cut expenses.

AUSTIN — Capitol Bancorp Ltd. of Lansing, Mich., has big hopes for Texas.

Investors are running out of patience with Royal Financial Inc. in Chicago.

Beverly Hills Bancorp Inc. said Thursday that second-quarter net income fell 36% from a year earlier, to $2.1 million, because of increased funding costs and deteriorating credit quality.

The Federal Reserve Board released a sweeping agreement Wednesday with a $720 million-asset Minneapolis holding company and its largest subsidiary to improve asset quality, loan administration, and other areas of concern.

MIDWEST

BankAtlantic Bancorp announced Wednesday that it has hired Doug Freeman, the former chairman and chief executive officer of NetBank Inc. in Alpharetta, Ga., to be its chief corporate banking executive.

After more than doubling its investment in a northern California banking company, a San Francisco private-equity firm is now hoping to repeat the performance in southern California.

VIENNA, Va. - With the opening of four new branches in Atlanta, Navy Federal Credit Union has found a way to grow its membership while sticking close to its military heritage.

Over the last five years branch networking has exploded. As more and more credit union branches are built, I've noticed one consistent flaw. Most credit unions are skipping the final, most critical step in opening a new or remodeled facility-educating their employees.

PADUCAH, Ky. - Credit unions searching for new members or a stronger community image might fare better looking to their past instead of advice from a high-powered design team.

Crescent Capital VI LLC, a Bellevue, Wash., private-equity firm, has offered to acquire the outstanding shares of the $490 million-asset Cowlitz Bancorp. in Longview it does not already own for $15 each.

A small Massachusetts thrift’s shareholders have approved a merger proposal that sparked three counteroffers, court action, and criticism over the price.

Add State Bank of Long Island to the growing roster of financial institutions going green.

Kevin Bell, an Illinois banker, is counting on a new state rebate program to steer hybrid car buyers — and government deposits — his way.