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Kentucky First Federal Bancorp (KFFB) has received approval from Federal Reserve Board to waive its right to receive a dividend.

Umpqua Bank will open its first retail branch in San Jose early next year as part of its continued expansion in the Bay Area.

Taylor Capital (TAYC) will take a $3.7 million charge for the third quarter after its bank decided to extinguish some of its outstanding debt.

Bank of America (BAC) has hired more than 130 bankers in Florida as part of a lager plan to bulk up its services for small-business owners.

HomeTrust Bancshares in Asheville, N.C., has adopted a so-called "tax preservation plan," which is designed to protect a company's deferred tax assets during a lengthy period of operating losses.

The Norfolk, Va., company announced on Monday that Charles M. Johnston, a former chief financial officer at Eastern Bank in Boston, had joined its board.

The Federal Reserve Board has lifted a written agreement with Ames Community Bank in Iowa that required the company to improve its credit administration.

Regulators are barring a Minnesota bank holding company from paying shareholders and some creditors until it takes steps to boost its capital.

The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.

Robert T. Isham, who has a private practice in nearby Lake Bluff, succeeded Willard Bunn 3rd as the board's new leader, the bank said on Wednesday.

Cullen/Frost Bankers will close four branches in the Rio Grande Valley this fall. The company gained the branches after it bought the parent company of the $401 million-asset Alamo Bank of Texas in 2006.

BNCCorp (BNCC) has reversed a portion of the valuation allowance against its deferred-tax assets, which will result in an $8.8 million net benefit for the Bismarck, N.D., company.

Polonia Bancorp in Huntington Valley, Pa., is giving investors a chance to buy more of its stock after a planned public offering started sluggishly.

BNC Bancorp in High Point, N.C., has completed its acquisition of KeySource Financial nearly 10 months after announcing the deal.

The Missouri Division of Finance closed the $282.3 million-asset Truman Bank in St. Louis on Friday. The Federal Deposit Insurance Corp. entered into an agreement with Simmons First National Bank in Pine Bluff, Ark., to buy the bank's assets and assume its $245.7 million in deposits.

Level One Bancorp in Farmington Hills, Mich., is applying its experience working on failed banks to buy and integrate one that is merely struggling. Patrick Fehring, the company's CEO, says that experience integrating failed banks has prepared Level One to buy the struggling Oxford Bank.

Level One Bancorp in Farmington Hills, Mich., has found its next growth opportunity with a deal to buy a struggling 128-year-old bank.

Associated Banc-Corp (ASBC) is eyeing acquisitions of community banks, but its chief executive says it has little interest in failed banks and would only consider deals within its existing markets.

Old Line Bancshares has agreed to buy WSB Holdings in a deal that will combine two banks based in Bowie, Md.

Monarch Community Bancorp in Coldwater, Mich., is set to start trading its stock over the counter to cut costs.