Location Root Tag

A small South Florida bank is now considered to be undercapitalized after it restated year-to-date results to show a larger loss than first reported.

BankUnited Inc. in Miami Lakes, Fla., opened three new branches on both Florida coasts Monday and now has opened a dozen branches in its home state since Nov. 7.

In what is probably the last night for bank collapses in 2011, regulators closed banks in Florida and Arizona, bringing the year's failure tally to 92.

West Coast Bancorp Inc. in Lake Oswego, Ore., has added a director to its board with ties to a investment firm that participated in the company's 2009 private placement.

Consolidation in the market has prompted Bridge to seek capital fast to fight back, the CEO says.

Attorney General Catherine Cortez Masto alleges that the processor fraudulently notarized 4,000 documents a day and demanded kickbacks from foreclosure attorneys.

Hampton Roads Bankshares Inc. in Norfolk, Va., has shuffled its management ranks and created several new divisions as it aims to regain its footing after suffering steep losses on real estate loans.

Shareholders for Parkvale Financial Corp. in Monroeville, Pa., have approved the company's sale to F.N.B. Corp.

Webster Financial Corp. in Waterbury, Conn., has promoted Chief Operating Officer Gerald P. Plush to president of the company and its Webster Bank subsidiary, effective immediately.

S.Y. Bancorp Inc. in Louisville, Ky., is looking to expand in the Indianapolis market.

The bank's core overhaul touches almost every area of the bank, from security to CRM to mobile.

The board of Capital City Bank Group Inc. in Tallahassee, Fla., has suspended its common stock dividend.

Ailing Palmetto Bancshares Inc. in Greenville, S.C., will shutter more branches and eliminate more jobs as it struggles to return to profitability.

Park National Corp. in Newark, Ohio, warned in a regulatory filing Wednesday that its 2011 loan-loss provision will be higher than anticipated after regulators said its Vision Bank unit improperly accounted for guarantor-support loans.

Prosperity Bancshares Inc. in Houston said it will start listing its common stock on the New York Stock Exchange.

Southwest Bancorp Inc. in Stillwater, Okla., has sold off roughly $300 million of problem loans in a move its chief executive said is a major step toward achieving its goal of sustained profitability.

First Farmers Financial Corp. agreed late Wednesday to acquire First Citizens of Paris Inc.

United Community Financial Corp. in Youngstown, Ohio, said Wednesday that it raised about $2 million from selling 1.6 million shares of common stock to an unnamed investor.

State Bancorp Inc. in Jericho, N.Y., said Wednesday that it redeemed $36.8 million of preferred stock issued to the Treasury Department as part of the Troubled Asset Relief Program.

WASHINGTON – The FDIC said today it approved the acquisition of Griffith (Indiana) Savings Bank by United FCU of St. Joseph, Mich., the first bank to be acquired by a credit union.