Location Root Tag

The Department of Justice has dropped a deferred money-laundering case against the banking unit of Ocean Bankshares in Miami, the company announced Thursday.

First Credit Union of Chandler, Ariz., has selected AnyHour Solutions for its call center services.

Monona State Bank in Wisconsin has begun using Encompass360, Ellie Mae's system for managing mortgage originations and servicing, the financial technology company announced Tuesday.

Signature Bank (SBNY) in New York has added to its national sales staff for specialty finance.

Community Bankers Trust (ESXB) in Glen Allen, Va., has agreed to sell its Georgia operations to Community & Southern Holdings in Atlanta.

F.N.B. Corp. (FNB) will cut 57 jobs at PVF Capital (PVFC) in October after it buys the Solon, Ohio, thrift company.

ESSA Bancorp (ESSA) in Stroudsburg, Pa., has agreed to a buy most of First National Community Bancorp's (FNCB) retail operations in Monroe County.

The $557 million-asset company announced Monday that Holland will become chief credit officer for its SouthCrest Bank unit. He succeeds Kent Berry, who retired this year.

Delanco Bancorp (DLNO) in Delanco, N.J., will convert from a mutual thrift to a fully public company.

BNCCorp (BNCC) in Bismarck, N.D., named Timothy Franz its permanent chief executive less than a month after he become interim CEO.

Delmar Bancorp in Salisbury, Md., has worked out an arrangement to redeem preferred stock from an outside investor.

Donald Wilson, chairman of Community Financial Shares (CFIS) in Glen Ellyn, Ill., has been appointed the company's president and chief executive.

The combination of Mercantile and Firstbank is expected to break the bank M&A logjam in Michigan. The combined company will be on the lookout for more deals, executives say.

In a move aimed at reducing its cost of funds, Eastern Virginia Bankshares (EVBS) is retiring debt owed to the Federal Home Loan Bank System.

The Mississippi companies have received all the necessary approvals and expect to finalize the deal Sept. 1, they announced Friday.

Sen. Heidi Heitkamp is keeping busy on her August recess, talking housing finance reform and meeting with community bankers in her home state of North Dakota.

Coastal Banking Co. (CBCO) in Beaufort, S.C., swung to a profit in the second quarter, aided mightily by an accounting reversal.

Regulators have lifted an enforcement action against Eastern National Bank in Miami, according to a report.

Anchor BanCorp Wisconsin (ABCW) reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

Enterprise Financial Services Corp. (EFSC) in St. Louis converted $20 million of trust-preferred securities to common stock, a move that will reduce its borrowing costs and improve its capital position.