Location Root Tag

ST. JOSEPH, Mich. — Honor CU, fresh off its acquisition of $80 million SIR FCU and its three branches, has agreed to buy the Decatur, Mich., branch of St. Joseph-based Edgewater Bank, along with 850 customer accounts and $14 million in assets.

Reliance Bancshares in St. Louis was headed toward potential failure when a semi-retired banker, Tom Brouster, stepped in as an investor. Executives broke down their challenges into manageable tasks, focused intently on cleaning up bad loans and are now ready to start lending and pursuing M&A, he says.

Bank of Hawaii Corp. (BOH) in Honolulu reported a dip in quarterly earnings as revenue from mortgage banking plunged 65%.

The stock exchange has accepted the $136 million-asset company's plan to recapitalize itself and will allow it to remain listed, OptimumBank said Friday.

First Scottsdale Bank (FSB) in Scottsdale, Ariz., and CBOA Financial (CBOF) in Tucson, Ariz., have terminated plans to merge.

National Penn Bancshares (NPBC) in Boyertown, Pa., reported a slightly lower quarterly profit as its mortgage fees fell, but it still met Wall Street's earnings forecasts.

SouthCrest Financial Group (SCSG) in Peachtree City, Ga., has raised nearly $18 million and plans to merge its banks.

Hancock Holding (HBHC) in Gulfport, Miss., reported lower quarterly earnings after taking a charge tied to branch closures and other expense reductions.

National Bank Holdings (NBHC) in Greenwood Village, Colo., cut expenses to compensate for lower revenue in the third quarter.

First Financial Bancorp (FFBC) in Cincinnati posted lower profits in the third quarter on reduced loan and other revenue.

The $17 billion-asset company said late Thursday that Patrick Barrett will succeed Charles Nugent, who is retiring at the end of this year.

SVB Financial (SVB) in Santa Clara, Calif., reported a 60% increase in quarterly profit after investment securities it holds rose more than ninefold in value.

WesBanco (WSBC) in Wheeling, W.Va., has hired a Fifth Third (FITB) executive to be its chief operating officer, and plans to promote him to chief executive next year.

Customers Bancorp (CUBI) in Wyomissing, Pa., compensated for reduced income from its warehouse mortgage business with growth in other lending categories last quarter.

Old Second Bancorp (OSBC) in Aurora, Ill., joined the growing list of banks benefiting from the recapture of its deferred-tax asset valuation allowance.

Cascade Bancorp (CACB) in Bend, Ore., has outbid another company to snag Home Federal (HOME) in Nampa, Idaho.

MVB Financial (MVBF) in Fairmont, W.Va., has agreed to purchase certain assets and assume certain liabilities of CFG Community Bank in Lutherville, Md.

Heritage Financial (HFWA) in Olympia, Wash., has agreed to buy Washington Banking (WBCO) in Oak Harbor. Heritage will pay about $265 million in cash and stock for Washington Banking, the companies said Wednesday.

Fulton Financial (FULT) tossed out a tempting tidbit to investors on Wednesday — it has found a new chief financial officer.

PacWest Bancorp (PACW) in Los Angeles doubled its profits in the third quarter thanks to its purchase of First California Financial Group (FCAL).