Location Root Tag

An activist investor with a reputation for pressuring management teams is pushing for a seat on the board of Malvern Federal Bancorp in Paoli, Pa.

Atlantic Coast Financial (ACFC) in Jacksonville, Fla., plans to sell $46 million in common stock. The move, disclosed in a Tuesday regulatory filing, follows a tumultuous period for the $743 million-asset company.

BankUnited (BKU) in Miami Lakes, Fla., is ready for some football. The $13 billion-asset company announced Thursday that it has become an "official partner" of the New York Jets.

Marlin Business Services (MRLN) in Mount Laurel, N.J., has hired a chief lending officer for its bank.

Umpqua Holdings (UMPQ) in Portland, Ore., has agreed to buy Sterling Financial (STSA) in Spokane, Wash.

The $5.8 billion-asset Chemical has begun a public offering of its common stock that seeks to raise $50 million, it announced Wednesday after the market closed. All of the shares are being offered by the company.

Patriot National Bancorp in Stamford, Conn., has appointed Christina Maier as its new chief financial officer.

Carolina Bank Holdings in Greensboro, N.C., has bought back some of the preferred stock it issued through the Troubled Asset Relief Program.

Richard Carrión's loss is Popular's gain. He would have stepped down as CEO of the Puerto Rico bank had he won the presidency of the International Olympic Committee, but he lost to Germany's Thomas Bach.

Atlantic Coast Financial (ACFC) in Jacksonville, Fla., has picked a veteran of Fifth Third Bancorp (FITB) and the former Wachovia to be its new chief executive.

Evertec (EVTC), a payments business Popular started 25 years ago, filed a secondary offering with the Securities and Exchange Commission on Monday to sell 20 million shares, including 9 million shares currently held by the $37 billion-asset Popular.

CoBiz Financial in Denver has named new leadership at its banking franchise. Jonathan Lorenz has been named chairman of the board and Scott Page will replace Lorenz as chief executive at Colorado Business Bank and Arizona Business Bank.

The underwriters of Independent Bank Corp.'s (ICBP) recent offering plan to buy an additional $13.4 million worth of the company's stock.

F.N.B. Corp. in Hermitage, Pa., is setting up a regional headquarters in downtown Baltimore.

The U.S. unit of Chinatrust Commercial Bank is changing its name to CTBC and offering more services to attract a broader range of customers. But it faces the same challenges other community banks are encountering as they try to expand beyond their traditional boundaries.

Old National Bancorp in Evansville, Ind., has agreed to buy Tower Financial in Fort Wayne.

Simmons First National (SFNC) in Pine Bluff, Ark., had the winning bid to buy Metropolitan National Bank during a bankruptcy auction.

Cardinal Financial Corp. (CFNL) has agreed to buy United Financial Banking (UFBC) for nearly $52 million. The two companies are in the northern Virginia suburbs of Washington.

UMB Financial (UMBF) in Kansas City, Mo., is planning a stock sale that could bring in as much as $257 million.

Dallas hedge fund Clover Partners is causing Texas-size headaches for two small Massachusetts thrifts, Hampden Bancorp and Chicopee Bancorp.