Location Root Tag

Once the Puerto Rican company repays its Tarp funds, management will focus on growing in New York and south Florida. The company also hopes to benefit from any improvement in the Puerto Rican economy.

The company is suing Basswood Capital, claiming the activist hedge fund unlawfully accumulated a large stake by violating a confidentiality agreement. It also claims that Basswood's meddling resulted in a subpar capital raise last month.

Chesapeake Bank & Trust in Chestertown, Md., has begun searching for a new chief executive.

Hovde Group in Chicago has hired two former Sandler O'Neill research analysts to lead its equity research group.

Melissa Bean, a former three-term member of Congress, has been named chair of JPMorgan Chase's (JPM) Midwest business.

Popular Inc. (BPOP) in San Juan, Puerto Rico, has received regulatory approval to exit the Troubled Asset Relief Program.

Chemical Financial (CHFC) in Midland, Mich., expects to raise $70 million through the sale of common stock.

Meridian Bank Texas in Fort Worth has acquired State Bank & Trust in Carrolton, Texas.

Six directors resigned after the company contested an activist investor's successful effort to wrest board control. As a court battle looms and regulators watch, the company could struggle to find replacement directors.

ViewPoint Financial Group in Plano, Texas, has pushed back the expected closing date for its purchase of LegacyTexas Group, citing a lengthy regulatory approval process.

Alfred DelliBovi, the former chief executive of Federal Home Loan Bank of New York, will join the board of Flushing Financial Corporation (FFIC) in Lake Success, N.Y.

Univest Corporation of Pennsylvania in Souderton has agreed to buy Valley Green Bank in Mount Airy, Pa.

Highlands Bankshares (HBKA) in Abingdon, Va., has registered nearly $18 million in common and preferred stock for certain shareholders, directors and executives.

Forcht Bancorp in Lexington, Ky., has agreed to buy Grant County Bancorp of Williamstown, Ky. Financial terms of Forcht's agreement to buy the $79 million-asset Grant Country Bancorp were not disclosed.

Federal regulators have fined First Southern Bank (FSOF) in Boca Raton, Fla., for violating the National Flood Insurance Act.

Once heavy on grey type, Bank of North Carolina's reports are now dotted with colorful graphs, charts and heat maps so that busy senior executives and board members can quickly assess things like loan data and branch profitability and keep better tabs on the integration of acquired banks.

Six directors at Solera National Bancorp (SLRK) have resigned as the Lakewood, Colo., company remains embroiled in a messy public struggle with its biggest investor.

MADISON, Wis. — After 37 years with CUNA Mutual Group, Chief Economist Dave Colby is retiring.

The U.S. Supreme Court told a lower court Monday to take another look at a ruling that allowed NCUA to sue a group of banks for allegedly deceiving investors about mortgage-backed securities.

Univest Corp. of Pennsylvania (UVSP) in Souderton said its president of wealth management is leaving to lead a nonprofit financial services firm whose operations include a credit union.