Location Root Tag

Joseph Stilwell is trying to gain seats on the mutual holding company's board with the solitary goal of getting the management team to sell.

Regulators have terminated a consent order with Magyar Bancorp Inc.'s banking unit after the New Brunswick, N.J., company reduced its nonperforming assets and increased its capital levels.

First Commonwealth Financial Corp. in Indiana, Pa., has named T. Michael Price as its president and chief executive.

Sierra Vista Bank in Folsom, Calif., is looking to start its fifth year with $6.5 million of new capital.

First Niagara Financial Group Inc. of Buffalo, N.Y., has shifted its small-business banking focus away from individual branches to a newly created business unit that will be solely dedicated to attracting and retaining small-business customers.

Roma Financial Corp. in Robbinsville, N.J., reported that its profit for 2011 rose almost 37% from a year earlier, to $7 million, because of loan growth and a lower loan-loss provision.

Savannah Bancorp Inc. in Georgia said that one of its bank has entered into a consent order with regulators and now must work to maintain capital levels and reduce problem assets.

Premier Financial Bancorp Inc. in Huntington, W.Va., reported that its fourth-quarter profit rose 5% from a year earlier, to $2.4 million, as operating expenses declined.

Patrick Gideon resigned as chairman of Reliance Bancshares Inc. in Missouri after objecting the company's decision to hire an outside consultant.

A Texas banking company formed two years ago to acquire distressed or failed banks is buying its first healthy bank.

Park National Corp. in Newark, Ohio, has tapped an insider to succeed John Kozak when he retires as chief financial officer next year.

After suffering losses on real estate loans for three straight years, Patriot National Bancorp in Stamford, Conn., has now turned a profit in two consecutive quarters.

Eagle Bancorp of Bethesda, Md., has opened its fourth office in northern Virginia and is planning to establish a fifth later this year.

A two-year-old consent order between the banking unit of Macatawa Bank Corp. and regulators has been terminated after the Holland, Mich., company raised additional capital and reversed a string of money-losing quarters.

United Western Bancorp Inc. in Denver has filed for chapter 11 bankruptcy in a move that would allow the company more time to pursue its lawsuit against federal regulators for seizing its thrift in January 2011.

TCF Financial Corp. in Wayzata, Minn., said in a regulatory filing that it will buy about $805 million in deposits from a unit of insurer Prudential Financial Inc.

WASHINGTON — The failure of Global Commerce Bank in Doraville, Ga., late Friday was estimated to cost the Federal Deposit Insurance Corp. nearly $18 million.

First Midwest Bancorp Inc. in Itasca, Ill., has added a four-person team to its recently formed asset-based lending division.

There are few clear home runs when it comes to acquisitions in Florida. Controversy with would-be sellers such as BankAtlantic and BankUnited only serve to highlight issues facing regional banks that want to bulk up in the state.

Community West Bancshares Inc. in Goleta, Calif., is closing its four out-of state Small Business Administration lending offices as part of a broad restructuring plan aimed at reducing risk and improving the company's overall health.