Location Root Tag

Three Missouri businessmen accused of defrauding Excel Bank, which later failed, were arraigned in federal court in St. Louis on Friday.

Coastway Bancorp in Cranston, R.I., expects to complete its conversion to a public holding company by the close of business on Tuesday.

Patriot National Bancorp (PNBK) in Stamford, Conn., is in the market for a new president and chief executive.

The $4.7 billion-asset company and certain investors are planning to raise up to $230 million through an initial public offering.

Merchants Bancorp in Hillsboro, Ohio, has agreed to buy certain assets and assume certain liabilities of a DCB Financial (DCBF) branch.

Torrington Savings Bank of Connecticut has hired a replacement for its retiring chief executive.

Two private banks in Georgia skillfully used a state process meant to protect the interests of everyday investors to hasten consideration of their merger application. Some other states have similar laws.

CEO Dan Rollins has faced external pressure to trim expenses. Eliminating overlap with Ouachita Bancshares, his first acquisition since joining BancorpSouth, could help him do that.

National Capital Bank of Washington has named Robert Comstock, its legal counsel, as its chief executive. He succeeded Richard Didden Sr., who recently died.

Four Oaks Fincorp (FOFN) in Four Oaks, N.C., and its bank have agreed to pay $1.2 million to settle claims they ignored warning signs of a scheme to defraud customers.

Neighborhood National Bank in San Diego has named a former leader of Regents Bank as its president and chief executive.

BancorpSouth (BXS) in Tupelo, Miss., has agreed to buy Ouachita Bancshares in Monroe, La.

Southern National Bancorp of Virginia (SONA) in McLean has agreed to buy Prince George's Federal Savings Bank in Upper Marlboro, Md.

BBVA Compass is cutting between 400 and 600 jobs in its banking and real-estate-lending divisions.

A plan to inject $50 million into U.S. Century Bank has reportedly been called off, leaving the undercapitalized Doral, Fla., bank in limbo.

SouthCrest Financial Group (SCSG) in Peachtree City, Ga., has received regulatory approval to merge its four banks into a single charter operating under the name SouthCrest Bank.

The Federal Reserve Board has terminated enforcement actions with Cornerstone Holding Co. in Fargo, N.D., and Commerce Bancshares in Catoosa, Okla.

Tompkins Financial (TMP) in Ithaca, N.Y., has promoted Scott Gruber to chief executive of its subsidiary VIST Bank in Wyomissing, Pa. He succeeded Robert Davis, who retired as chief executive on Dec. 31.

Community Bank in Pasadena, Calif., has hired a chief executive.

Square 1 Financial in Durham, N.C., is planning an initial public offering.