Location Root Tag

Contrary to many community banks, Eagle Bancorp of Bethesda, Md., has strong loan demand and lacks sufficient deposits to cover the loans. Eagle CEO Ron Paul and analysts cite the relative economic health of the Washington area for Eagle's growth, leading to a need for creative solutions.

The Office of the Comptroller of the Currency has issued cease-and-desist orders against Intercredit Bank in Miami and Border Capital Bank in McAllen, Texas, citing credit and capital concerns.

First National was looking to sell – for the second time. Kevin Fowler, whose return to banking as president of Rockwall Bancshares followed a failed bid for office, was looking to enter the Dallas market. A match was made.

Battered by losses on soured loans, First Place Financial Corp. in Warren, Ohio, said this week that it is planning to restate its earnings for its past three fiscal years.

The Federal Reserve on Thursday announced that it has reached a written agreement with SWNB Bancorp Inc. in Houston.

First Mariner Bancorp in Baltimore said Thursday that it has reached an extended deadline for a proposed recapitalization by a New York fund.

In what would be its first deal since creating a fund to invest in undervalued banks last year, bond giant Pacific Investment Management Co. is seeking regulatory approval to buy a roughly 20% stake in ECB Bancorp Inc. in Englehard, N.C.

BB&T Corp.'s insurance unit has agreed to acquire Liberty Benefit Insurance Services, a purchase that will expand its California operations.

Wintrust Financial in Illinois is tired of hiding behind numerous brand names. The $15 billion-asset company has launched an advertising campaign to aggressively introduce the Wintrust brand in Chicago.

The biggest bank in Hawaii is set to have a new chief executive.

A group of bankers have banded together to buy First National Bank of Chillicothe in Texas and will use it to open a branch just outside of Dallas.

First Bancshares Inc. in Hattiesburg, Miss., said Monday that it had expanded along the Gulf Coast after buying eight branches that had belonged to Whitney National Bank.

The former Investors Savings Bank in Short Hills, N.J., has shortened its name to Investors Bank to better reflect its increasing commercial focus.

WSFS Financial Corp. in Wilmington, Del., has hired Paul D. Geraghty as its chief wealth officer.

Atlantic Coast Financial Corp. in Jacksonville, Fla., said in a regulatory filing last week that Robert J. Larison Jr. is retiring as its chief operating officer.

Happy Bancshares Inc. in Canyon, Texas, has agreed to acquire Signature Bancshares Inc. in Dallas.

First M&F Corp. in Kosciusko, Miss., is looking to shed six branches, or roughly 14% of its offices.

Opus Bank, Irvine, Calif., hired Michael L. Allison as chief credit officer and executive vice president.

Continuing a wave of consolidation among California community banks, AltaPacific Bancorp in Santa Rosa said late Wednesday that it is buying Stellar Business Bank in Covina for $17.4 million in stock.

Led by energy, and bolstered by a diversifying economy, the Texas metropolis is drawing a wave of new banks to vie with the city's incumbents.