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The $1.1 billion-asset company said in a regulatory filing Thursday that it sold bank and insurance trust-preferred collateralized debt obligations that cost about $8.3 million -- at an $850,000 loss.

Ocwen Financial (OCN) is preparing to pay $2.1 billion to settle allegations of misconduct in its servicing practices, according to a report in the Wall Street Journal.

First Niagara Financial (FNFG) in Buffalo, N.Y., didn't have to look far to find its next president and chief executive, even though the search process lasted nine months.

Flagstar Bancorp (FBC) has agreed to sell the majority of its mortgage-servicing rights but will retain the subservicing rights, the Troy, Mich., company said Wednesday.

Investors Bancorp (ISBC), in Short Hills, N.J., filed registration papers to dissolve its mutual holding company and convert to a fully stock-owned company.

BNC Bancorp's deals to spend $48 million on two lenders with sizable levels of nonperforming assets show that strugglers can command stronger prices in markets where aggressive banks are under pressure to buy.

Timberland Bancorp (TSBK) in Hoquiam, Wash., will buy back its remaining Troubled Asset Relief Program shares for about $12.1 million.

BNC Bancorp (BNCN) in High Point, N.C., announced two deals Wednesday that would significantly boost its presence in its home state.

BB&T (BBT) in Winston-Salem, N.C., has added its top lawyer to its executive management team.

Joseph Lucarelli was elected by the $4.5 million-asset company's board to serve a one-year term starting Jan. 1, the company said in a regulatory filing Tuesday.

Keith Darcy, longtime head of the Ethics & Compliance Officer Association and former director of E-Trade Bank and New York National Bank, has joined Deloitte's compliance group as a senior advisor.

Union First Market Bancshares (UBSH) in Richmond, Va., plans to remake its board and expand its executive team after acquiring StellarOne (STEL) in Charlottesville, Va.

LNB Bancorp (LNBB) in Lorain, Ohio, has sold $3.7 million of stock as part of a plan to exit the Troubled Asset Relief Program.

Early in the year Hanmi Financial in Los Angeles was poised to put itself up for sale. But its deal to buy a Texas bank with operations in six states could rearm Hanmi in its fight with BBCN Bancorp and Wilshire Bancorp to be the top Korean-American bank.

Fiserv was supposed to post a note on the website of an N.C. bank that BNC recently bought that redirected the acquisition's customers to BNC's site. Unfortunately, the note appeared on the wrong website -- that of a nearby rival.

Hanmi Financial (HAFC) in Los Angeles has agreed to buy Central Bancorp in Garland, Texas.

The Office of the Comptroller of the Currency on Friday closed Texas Community Bank, a $160 million-asset institution located north of Houston.

Croghan Bancshares (CHBH) in Fremont, Ohio, has bought Indebancorp in Oak Harbor.

Pacific Mercantile Bancorp (PMBC) in Costa Mesa, Calif., is getting out of the mortgage business to focus on business banking.

Northwest Bancorp. (NBCT) in Spokane, Wash., has raised $12.5 million after selling common stock and issuing subordinated notes and warrants.