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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.

WASHINGTON — State regulators closed First Commercial Bank in Bloomington, Minn., late Friday in the industry's 41st failure this year.

Regulators lifted an enforcement action against Anchor Bank in Lacey, Wash., and replaced it with a softer one.

Bank of the James Financial Group (BOTJ) in Lynchburg, Va., has raised $10 million through a private placement of unregistered debt.

The Federal Reserve Board has terminated an enforcement order against Rosholt Bancorp in Wisconsin.

The Federal Deposit Insurance Corp. has terminated a consent order with Cornerstone Community Bank in Chattanooga, Tenn., after the bank increased its capital levels.

S&T Bank in Indiana, Pa., has added two lenders as it continues to expand its commercial lending business.

Naugatuck Valley Financial (NVSL) said that two senior executives will serve as interim co-president and co-CEO while it waits on regulatory approval for an unidentified candidate to take on the job permanently.

Bank of Commerce Holdings in Redding, Calif., is selling its stake in its namesake mortgage company three years after becoming its co-owner.

S&T Bank in Indiana, Pa., has expanded its commercial loan business into northeast Ohio by opening an office in Akron.

The Office of the Comptroller of the Currency has issued an enforcement order against Citizens First National Bank that requires the Princeton, Ill., bank to become adequately capitalized or sell itself.

Kentucky First Federal Bancorp (KFFB) is seeking to waive its right to receive a dividend despite lingering uncertainty as to whether regulators will allow mutual holding companies to make that move.