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United Community Bancorp in Lawrenceburg, Ind., has completed a crucial step in its conversion to a public company from a mutual.

The Greenville, S.C., bank will acquire Resource Financial Services, which has eight offices in five states. CertusBank did not disclose the price it will pay for the four-year-old company.

Royal Bancshares of Pennsylvania (RBPAA) in Narberth, Pa., has hired a former executive at PNC Financial Services Group (PNC) to run its bank.

WASHINGTON — Community Bank of the Ozarks in Sunrise Beach, Mo., became the nation’s 51st failed bank of the year late Friday after it was closed by state regulators.

Cornerstone Financial in Mount Laurel, N.J., said it will net renew the current contract for George Matteo, the company's chairman, president and chief executive.

An activist investor group has threatened to file a lawsuit against Orrstown Financial Services (ORRF) unless the Shippensburg, Pa., company makes certain changes to its bylaws.

Bank regulators have lifted a memorandum of understanding against Timberland Bank nearly three years after the bank was hit with the enforcement action.

Jeffersonville Bancorp (JFBC) is set to become the latest New York company to exchange the federal charter of its bank for oversight by a state regulator.

After a stock offering fell short of expectations, Sierra Vista Bank (SVBA) in Folsom, Calif., plans to raise about $1.7 million through a securities purchase agreement with Taylor International Fund.

Flush with capital from a recent stock sale, Northeast has launched an online bank, established a nationwide loan-purchasing unit and, most recently, opened a mortgage office in Massachusetts.

A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.

Two community banks have repaid the Troubled Asset Relief Program.

MainSource Financial Group (MSFG) in Greensburg, Ind., has retired another chunk of the equity it originally issued in the Troubled Asset Relief Program.

Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., will raise roughly $30 million through a public offering of common stock.

The Federal Reserve Board has entered into a written agreement with NASB Financial (NASB) that requires the Grandview, Mo., company to serve as a source of strength to its bank.

Bank of Hawaii (BOH) in Honolulu will exit the American Samoa market in the first quarter by closing its two branches in the U.S. territory.

The $755 million-asset New Mexico Banquest announced Friday it would be acquired by Strategic Growth Bancorp, an El Paso company founded by father-and-son team Bill and Pablo Sanders.

Home Federal Bancorp (HOME) in Nampa, Idaho, said Friday that it is closing four branches in Oregon as part of its ongoing effort to reduce overhead and improve efficiency.

Ameris Bancorp (ABCB) in Moultrie, Ga., will redeem preferred shares it had issued to the Treasury Department as part of the Trouble Asset Relief Program.

NCAL Bancorp (NCAL) in Los Angeles is selling one of its five branches to a neighboring bank.