Location Root Tag

Colorado's top banking regulator — the only state supervisor to get overruled by the Federal Reserve Board on a failure — is retiring.

The $7.3 million-asset company said late Thursday that it will buy a professional-services practice from EBS-RMSCO, a Lifetime Healthcare unit, for an undisclosed price.

The Federal Reserve Board has ended a regulatory action against PathFinder Bancorp (PBHC) in Lake Oswego, N.Y.

LegacyTexas Bank is majority-owned by the family of Carroll Shelby, who famously partnered with Ford Motor Co. to produce the Shelby Mustang muscle car. LegacyTexas has agreed to merge with another bank, but the family will remain involved.

A group of First National Community Bancorp's (FNCB) current and former directors have agreed to pay $5 million to settle a shareholder lawsuit claiming that they failed to properly oversee risky practices.

A decision by Popular (BPOP) in San Juan, Puerto Rico, to reduce its stake in a former technology subsidiary could help it exit the Troubled Asset Relief Program.

The $890 million-asset company exceeded its goal of raising $15 million after it received investments from local shareholders in addition to institutional investors, according to a press release Wednesday.

The $339 million-asset bank said in a press release Wednesday that it chose the new name to distinguish itself from other businesses that also use the word "Columbia."

Patriot Financial Partners, a Philadelphia PE firm that specializes in community banks, has agreed to buy more than 1.5 million shares of Banc of California for $13.25 each, a price 6% higher than the company's Tuesday closing price of $12.46 a share.

Dan Benhase will retire next year as head of its wealth management, government and home lending group, the Columbus, Ohio, bank said in a press release Tuesday.

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

BALTIMORE — Advance Bank shareholders have approved the proposed sale of the institution to Municipal Employees CU of Baltimore, and the credit union will take control of the bank Dec. 12.

United Bancshares (UBSI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington have pushed back the deadline for their merger as they await final regulatory approval.

Bank investor Kenneth Lehman plans to buy a controlling stake in Marine Bank & Trust Co. in Vero Beach, Fla.

Commonwealth Bancshares in Louisville, Ky., is offering a $2,500 reward for information that leads to the arrest and conviction of the person who shot and killed the son of a bank employee.

Waterstone Financial (WSBF) in Wauwatosa, Wis., has opened its first branch outside its home state.

Heartland Financial USA's unusual acquisition of Freedom Bank in Sterling, Ill., seems to be more about collecting on a debt than strategic M&A. Such moves are uncommon but have happened in the last few years — and they can work.

Atlantic Coast Financial Corp. (ACFC) in Jacksonville has priced its public offering at a slight discount to its trading price.

The small-dollar lender First Cash Financial Services (FCFS) has agreed to buy a 12-store pawnshop chain in the Charleston, S.C., area.