First Financial Bancorp of Hamilton, Ohio, reported Friday that fourth-quarter earnings dropped 72% from a year earlier, to $2.8 million.

Somerset Hills Bancorp of Bernardsville, N.J., cleared up the confusion surrounding its fourth-quarter earnings Thursday by reporting a record profit of $1.05 million.

Kendal E. Carson has resigned as an executive vice president of United Bankshares Inc. of Charleston, W.Va., and the president of United Bank, its Virginia subsidiary, to join Cardinal Financial Corp. of McLean, Va.

The results Saehan Bancorp announced Jan. 30 were its best in years: record 2005 net income, a huge jump in assets, and return on equity well above the industry average.

MIDDLE ATLANTIC

Though Hudson City Bancorp Inc. certainly has the financial wherewithal to buy banks, its chief executive, Ronald E. Hermance, has regularly dismissed acquisition speculation by arguing that most buyers want stock, and stock deals would dilute the value of its shares.

An Indian tribe in northwestern Connecticut has taken initial steps to form a full-service bank on its reservation.

FirstMerit Corp. of Akron restated its fourth-quarter and full-year earnings Wednesday to reflect a $3.5 million addition to its loan-loss reserves.

A Richmond, Va., bank holding company that has yet to report a profit in its five-year history has been ordered to review its financial controls and corporate governance practices.

James J. Giancola has struck his first acquisition deal since taking over as the president and chief executive officer of Midwest Banc Holdings Inc. 17 months ago, and he said it would be a model for buyouts to come.

Umpqua Holdings Corp. is a minor player in the Sacramento market now, but it won't be for long.

BNC Bancorp in Thomasville, N.C., said it has agreed to acquire the $148 million-asset SterlingSouth Bank and Trust Co., in Greensboro, N.C., for $36 million in stock.

The Nebraska Bankers Association is warning bankers in drought-stricken areas of the state to take a close look at their loan documents to make sure they know who owns the water rights on land used as collateral.

State and federal credit union regulators have closed a community-chartered credit union in Harrisburg, Pa., that they said was insolvent.

First Federal Financial Services Inc. of Edwardsville, Ill., has agreed to buy Clover Leaf Financial Corp., also of Edwardsville, for at least $20.4 million in cash and stock.

Fidelity Bancshares Inc. of West Palm Beach, Fla., had no plans to expand into Fort Lauderdale this year - but when it learned that Wachovia Corp. would close a branch there, it saw an opportunity it could not pass up.

West Coast Bancorp of Lake Oswego, Ore., which has not made an acquisition in eight years, has agreed to buy the $99 million-asset Mid-Valley Bank of Woodburn, Ore., for $25.15 million in cash and stock.

Somerset Hills Bancorp of Bernardsville, N.J., recalled its fourth-quarter earnings report Friday, stating that its news release the day before had been "inadvertently premature."