Location Root Tag

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.

The Federal Reserve Board has terminated a written agreement with Valley Financial that required the Roanoke, Va., company to serve as a source of strength for its bank.

Sophia Haliotis will be a senior vice president for Popular Community, the U.S. unit of the $36.3 billion-asset Popular in San Juan, Puerto Rico, and guide its expansion of commercial banking in the New York City region.

Pulaski Financial (PULB) in St. Louis has repurchased almost a quarter of the preferred stock it had issued to the Treasury Department under the Troubled Asset Relief Program and that was subsequently sold to private investors in an auction.

Malvern Federal Bancorp (MLVF) in Paoli, Pa., will raise up to roughly $36.4 million by converting to a 100% stock-owned company from a mutual holding company.

Preferred Bank (PFBC) in Los Angeles has added the role of president to the responsibilities of its chief operating officer, Wellington Chen.

Sound Financial in Seattle is nearing its conversion a fully stock-owned company.

HomeStreet Bank in Seattle has added the U.S. Small Business Administration loans to its menu of services for small and middle-market companies in the Puget Sound region.

Spirit of Texas Bank SSB in College Station said Friday that it is buying the $77 million-asset Oasis Bank in Houston.

Two businessmen, including a former Wachovia banker, were sentenced to federal prison for a $3 million bank fraud Thursday.