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Park National Corp. in Newark, Ohio, has agreed to buy First Clermont Bank, a Milford thrift, for $52.5 million in cash, or two times its book value.

Congress is expected to miss an Oct. 1 deadline to keep lender fees associated with the Small Business Administration's flagship 7(a) loan guarantee program from jumping by 40% to 100%.

Banks are anteing up to defeat a ballot initiative that would deny government services to undocumented immigrants, concerned that it would make all immigrants, even legal ones, frightened to seek banking services.

UniBank in Miami has put itself on the block and will likely announce a deal the next two months, according to a local newspaper report.

Fidelity Bankshares Inc. of West Palm Beach, Fla., announced Wednesday that it would acquire First Community Bancorp Inc. of Pahokee, Fla., for $27.1 million of cash and stock.

MIDWEST

Summit Bank Corp. of Atlanta has gone global.

Central Bancorp Inc.'s move to rid itself of an insurgent investor by buying its stake for an above-market price in a privately negotiated deal has angered other institutional investors and prompted at least one, Sandler O'Neill Asset Management LLC, to dump its shares of the Massachusetts company.

Another community banking acquisition appears to be in danger of unraveling unless the seller is willing to lower its asking price significantly.

Three years ago it seemed inconceivable that a company as high-flying as Nara Bancorp Inc. could lose 20% of its market value on news that its accountant had resigned.

Whether or not it was once true that most bank presidents inherited the job, it isn’t now.

When Carver Bancorp Inc.'s $33 million deal for Independence Federal Savings Bank was announced in March, it was touted as a possible first step in creating a black-owned banking franchise stretching from New York to Washington.

First Indiana Corp. of Indianapolis said it plans to eliminate 70 jobs and consolidate all its back-office operations into one department; the moves will result in a $1.1 million charge to third-quarter earnings.

AnchorBank in Madison, Wis., has signed a cease-and-desist order with the Office of Thrift Supervision concerning its compliance with the Bank Secrecy Act.

Nearly two years after it expanded into Maryland with its complex acquisition of Leeds Federal Savings Bank of Baltimore, Northwest Bancorp in Warren, Pa., has finally put its signs on Leeds' branches.

BancorpSouth Inc.'s nearly 3-year hiatus from bank acquisitions officially ended Friday, when the Tupelo, Miss., company struck a pair of deals that would move it into the fast-growing markets of Baton Rouge, La., and Nashville.

Four months after saying that it would switch to a state charter, Trustmark National Bank of Jackson, Miss., has decided to keep the Office of the Comptroller of the Currency as its regulator.

A tax-shelter crackdown by Wisconsin has banks headquartered there settling in droves, though a trade group insists they have done nothing wrong.