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Coming off a strong first quarter in which its profits more than tripled from the same period last year, Western Alliance Bancorp (WAL) in Phoenix may be looking to build up its war chest to keep the momentum going.

Five months after terminating its planned merger with one suburban Washington, D.C., bank, Alliance Bancshares in Chantilly, Va., has struck a deal to team up with another.

Coastal Banking Company in Beaufort, S.C., has become the latest community bank to take advantage of a new law that relieves small banks from the burden of filing financial reports with the Securities and Exchange Commission.

Continuing its aggressive expansion throughout the Southeast, Renasant Bank in Tupelo, Miss., is opening its first office in east Tennessee.

Northeast Bancorp (NBN) of Lewiston, Maine, is looking to raise additional capital so it could continue to expand its loan portfolio.

EverBank Financial in Jacksonville, Fla., reduced the size of its public offering again on Thursday, just hours before its shares began trading.

The Private Bank of California in Los Angeles is opening a new office in affluent — and crowded — Orange County and has hired three local bankers to manage the office and drum up business there.

Atlantic Coast Financial (ACFC) of Jacksonville, Fla., reported a narrower loss in the first quarter than in previous quarters as it reduced its overhead and reiterated that it is still considering selling itself.

Huntington Bancshares (HBAN) is pairing with a Michigan retailer to substantially expand its presence in the state over the next decade.

Ovation Holdings Inc. has agreed to buy most of Royal Palm Bank in Florida from Mercantile Bancorp.

Orrstown Financial Services said Tuesday that shareholders voted in support of management's compensation, though they also voted to eliminate supermajority voting.

The Federal Reserve Board has terminated a written agreement with MidSouth Bank after capital levels improved and noncurrent loans decreased at the Murfreesboro, Tenn., company.

Shares of Premier Financial Bancorp (PFBI) surged to a 52-week high Tuesday after the Huntington, W.Va., four-bank holding company reported a 69% increase in its first-quarter profit.

Eagle Bancorp (EGBN) of Bethesda, Md., could raise up to $35 million for general corporate purposes, including potential acquisitions and organic growth.

CrossFirst Bank in Leawood, Kan., has agreed to acquire substantially all of the assets and deposits of Mercantile Bancorp's $110 million-asset Heartland Bank.

Fulton Financial in Lancaster, Pa., is planning to open six new branches in 2012 and will renovate five others as part of a broader effort to make its branches more inviting and free up staff to better interact with customers.

First Financial in Cincinnati instituted a full pay-out of earnings in August. Although investors were happy with the move, the company has been swarmed with questions over how long it plans to keep the payout. Last week, the company committed to it until the end of 2013.

Just days after announcing a major expansion in mortgage lending, Sun Bancorp (SNBC) in Vineland, N.J., said that it is beefing up its commercial lending team as well.

PVF Capital (PVFC) posted its first profitable quarter in four years as the Solon, Ohio, company benefited from a surge in mortgage lending activity and continued improvement in asset quality.

Capitol Federal Financial (CFFN) of Topeka, Kan., reported second-quarter income of $19.3 million, up more than 23% from a year earlier, as it lowered its total interest expenses.