Location Root Tag

Flagstar Bancorp (FBC) in Troy, Mich., announced that its chief executive, Michael Tierney, has stepped aside after just eight months in the post.

The Federal Deposit Insurance Corp. is seeking to recover $48 million from officers and directors of a Florida bank that collapsed in 2010 following heavy defaults on commercial real estate loans.

Mars National Bank near Pittsburgh has drafted a local boy-turned-major-leaguer, Neil Walker of the Pirates, as its pitchman.

Republic First Bancorp (FRBK) in Philadelphia is continuing its push into southern New Jersey.

Capitol Bancorp is down three banks in the past week, but it could have been four. The company said in a regulatory filing on Wednesday that regulators attempted to seize a fourth bank on Friday, but a temporary injunction from a state court stopped it.

nCino, which sells cloud-based bank operating software, scored a new client in Square 1 Bank of Durham, N.C.

Peoples Bancorp (PEBO) in Marietta, Ohio, has bought three insurance agencies in Jackson, Ohio.

Commerce Bancshares in Kansas City, Mo., has struck a deal for Summit Bancshares of Tulsa that would nearly double its asset base in Oklahoma.

Bar Harbor Bancshares (BHB) in Maine has chosen TD Bank (TD) executive Curtis Simard as its next leader.

Cathay General Bancorp (CATY) has agreed to acquire about $40 million of deposits and a Las Vegas branch from SWNB Bancorp, marking Cathay's entrance in the Vegas market.

Low yields and the short-term impact of a strategy shift weighed on Pacific Mercantile Bancorp (PMBC) in the first quarter.

The cost of shedding troubled loans weighed on First Mariner Bancorp (FMAR) in the first quarter, with the $1.3 billion-asset parent of First Mariner Bank in Baltimore losing $2.3 million in the three months that ended March 31.

Community Bank of Bergen County in Maywood, N.J., has sold a $3.2 million portfolio of nonperforming loans.

First Merchants in Muncie, Ind., was looking to get closer — but not too close — to the Chicago market when it agreed to buy CFS Bancorp of Munster, Ind.

Old Line Bancshares in Bowie, Md., has appointed Mark Semanie as its chief operating officer to help manage its recent growth.

BankUnited handed out free ice cream and metro cards at its new Manhattan branches to build branch recognition.

First NBC Bank Holdings in New Orleans is looking to sell $100 million worth of shares in its initial public offering.

BAY CITY, Mich. – A new round of lawsuits challenging readiness for the sight-impaired ATM provisions of the Americans With Disabilities Act is targeting credit unions, with as many as half-dozen ADA suits filed in the past few weeks.

ALEXANDRIA, Va. – The NCUA Board is expected next week to propose a rule allowing broader use of financial derivatives, mainly interest rate swaps, options and collars.

Firstbank in Alma, Mich., plans to redeem its remaining Troubled Asset Relief Program shares for $17 million.