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Union First Market Bankshares Corp. in Richmond, Va., said Thursday that it will redeem preferred stock issued to the Treasury Department as part of the Troubled Asset Relief Program.

Trustmark said late Wednesday that it will pay $22 million for the $247 million-asset Bay Bank, representing about 85% of the seller's tangible book value at Sept. 30.

First BanCorp in Puerto Rico said Wednesday that it had raised about $3.3 million from a rights offering.

NASHVILLE, Tenn. — Members of Volunteer Corporate CU approved the combination with West Virginia Corporate FCU to create a $1.5 billion corporate, one of six pending corporate marriages.

The Nasdaq stock market has notified Tennessee Commerce Bancorp Inc. in Franklin that its shares could be delisted for its failure to file timely financial reports.

New Orleans savings bank to deploy core processing, teller and IVR software from the vendor.

A Maryland bank is planning a $5 million initial public offering, while a Massachusetts mutual holding company is looking to take the second step in its conversion to become fully public.

Bank of the West plans to almost double the size of its small-business banking team during the next year.

The Federal Reserve Board has approved the sale of Home State Bancshares Inc. in McPherson, Kan., to Goering Management Co.

The Nasdaq has warned Broadway Financial Corp. that the company is in danger of being delisted from the exchange.

The companies said in a press release Monday that "irreconcilable differences of opinion regarding a number of matters" had developed and, as such, the boards had decided to terminate their agreement.

Taylor Capital Group Inc. in Chicago is looking to add up to $72 million in common equity that it says would strengthen its capital position and give it the flexibility to pursue growth opportunities.

Coming off its 13th consecutive quarterly loss and struggling to meet capital requirements set by regulators, Atlantic Coast Financial Corp. in Jacksonville, Fla., is considering selling itself to another bank.

Dearborn Bancorp Inc. in Michigan said Wednesday that the Nasdaq stock market had rejected its plan to cure a reporting deficiency and that its stock would be delisted on Tuesday.

Bank of the Carolinas Corp. in Mocksville, N.C., said that its chief financial officer, Eric E. Rhodes, has resigned from the company.

Waccamaw Bankshares Inc.'s stock was delisted from the Nasdaq after the company said it could not complete its delinquent financial statements.

BNC Bancorp in Thomasville, N.C., announced Wednesday that it would close four of the 10 branches it inherited last month when it acquired the failed Blue Ridge Savings Bank of Asheville, N.C.

Mission Community Bank in San Luis Obispo, Calif., has named Tom L. Dobyns, a longtime California community banker, as its new chief executive.

WASHINGTON — A Tennessee bank owner must get prior Federal Reserve approval to pay dividends or increase debt.

First Midwest Bancorp Inc. in Itasca, Ill., has completed the sale of $115 million in senior notes and will use the proceeds to exit the Troubled Asset Relief Program.