Location Root Tag

Richard M. Riccobono, the former chief executive at the Federal Home Loan Bank of Seattle and one-time deputy director at the Office of Thrift Supervision, has landed a new job as the chief banking regulator in Washington State.

Cash-strapped Santa Lucia Bancorp in Atascadero, Calif., has called off its plan to raise capital through a stock offering because it has found a buyer instead.

Urban Partnership Bank has spent nearly a year finding ways to continue ShoreBank's mission of banking the underserved while also avoiding the failed bank's fate.

Pioneer Bank in Dripping Springs, Texas, said it was cleared to receive about $3 million from the program, according to Monday's online edition of the Austin Business Journal. The $106.4 million-asset bank is expected to swap preferred stock for SBLF funds.

Hanmi Financial Corp.'s on-again, off-again relationship with South Korean banking giant Woori Finance Holdings Co. is back on again.

Opus Bank in Irvine, Calif., has received regulatory approval to buy Cascade Financial Corp. in Everett, Wash.

Bank of the Carolinas Corp. said it has retained Hutchison Co., an investment bank in North Carolina, to help it look at strategic options to enhance shareholder value.

Georgia state regulators shut $103.7 million-asset Mountain Heritage Bank in Clayton on Friday, making it the 48th bank to fail so far this year and 14th failure in Georgia.

MB Financial Inc. in Chicago is selling the bulk of its problem real estate and construction loans to a California investment group that has been an active acquirer of failed-bank assets.

A major investor in Meta Financial Group has grown impatient with the company's sagging stock price and is urging the Storm Lake, Iowa, bank holding company to sell itself.

With five completed acquisitions and one pending, North American Financial Holdings Inc. is set to go public.

CSB Bancorp in Millersburg, Ohio, announced Friday that it is acquiring two branches in Wooster, Ohio, from Premier Bank & Trust.

Rejected by the Office of Thrift Supervision in its bid to become a 100% stock-owned company, New Jersey mutual holding company Clifton Savings Bancorp is taking its chances with its new regulator, the Office of the Comptroller of the Currency.

The state's banking market is still seriously impaired, but foreign banks are increasingly attracted to it for the same reason — and their arrival may feed the turnaround.

First PacTrust Bancorp Inc. in Chula Vista, Calif., is looking to raise up to $30 million in fresh capital that it could use to support its growth.

Cardtronics Inc.'s deal to purchase the ATM businesses of EDC Holding Co. LLC will do as much to boost the quality of the buyer's ATMs as it will to boost its quantity.

First Financial Holdings Inc. in Charleston, S.C., has agreed to buy five South Carolina branches from Liberty Savings Bank. The $3.3 billion-asset First Financial will buy $109.5 million in deposits and $27 million in performing loans as part of the deal.

Teche Holding Co. in New Iberia, La., said Wednesday that it has completed the charter conversion for Teche Federal Bank. The $782 million-asset company switched its unit to a state bank from a federally chartered thrift in a move that will reduce the company's regulatory fees by $100,000 annually.

Anchor Commercial Bank in Juno Beach, Fla., is close to raising $20 million in capital from a group of South Florida investors.

Western Liberty Bancorp Inc. in Las Vegas has hired Sandler O'Neil & Partners LP to search for strategic alternatives, including a possible sale, just eight after the special-purpose acquisition company completed its first bank acquisition.