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The Federal Reserve Board has entered into written agreements with two companies requiring them to serve as sources of strength for their banks.

Pinnacle Financial Partners (PNFP) in Nashville has repaid the remaining $71.6 million of the $95 million it received from the Treasury Department's Troubled Asset Relief Program in December 2008.

Palmetto Bancshares in Greenville, S.C., is shedding more than $40 million of problem loans as part of its ongoing effort to clean up its balance sheet and return to profitability.

George L. Engelke Jr. has resigned as chairman of Astoria Financial (AF), ending his long tenure with the Lake Success, N.Y., company that included a 22-year run as its chief executive officer.

FirstBank of Lexington, Tenn., has named its chief banking officer as its new president.

Taylor Capital Group (TAYC) in Rosemont, Ill., is expanding its mortgage unit by hiring more than 60 retail mortgage professionals from Amera Mortgage in Milford, Mich.

Capital One Financial (COF) has settled a longstanding legal dispute with former executive John Kanas.

First Security Bank of Bozeman, Mont., has named a longtime employee as its new president and chief executive.

Premier Community Bank in Marion, Wis., announced Tuesday that it is expanding into central Wisconsin with a deal to buy four branches from Baylake Bank (BYLK) of Sturgeon Bay, Wis.

Jacksonville Bancorp (JAXB) in Florida announced Monday that its president and chief executive, Price W. Schwenck, has retired and that its board has named veteran banker Stephen C. Green as his successor.

Legacy Bank in Colwich, Kan., has reached its first deal in its 126-year history with an agreement to buy Alliant Bank in Sedgwick, Kan.

Fentura Financial (FETM) in Fenton, Mich., has gotten approval for the appointments of two key executives.

MidSouth Bancorp (MSL) in Lafayette, La., announced Monday that it is buying two branches in Baton Rouge from rival Hancock Holding (HBHC).

First Midwest Bancorp (FMBI) in Itasca, Ill., has named Thomas M. Prame its director of retail banking, a newly created position in which he will be responsible for the bank's 100-branch network and oversee the expansion and development of its retail products and services.

Center Bancorp (CNBC) of Union, N.J., has taken another step in its plan to bulk up in northern New Jersey.

State regulators closed banks in Georgia, Florida and Tennessee on Friday, making June a busy month for failures.

A lawsuit has been filed against Peoples Bancorp of North Carolina (PEBK) alleging that the Newton company failed to operate its overdraft program in line with its customer account agreement.

Avidbank in Palo Alto, Calif., will open a loan production office in downtown San Jose next week.

Private Bank of Buckhead in Atlanta has been given the green light to open its second branch.

A Dallas-area investment group has applied to become a bank holding company so it could acquire a small bank outside of Austin.