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American 1 Federal Credit Union in Jackson, Mich., has agreed to acquire Premier Financial Credit Union of Clinton Township, Mich.

Expectations had been high that 2011 would bring some serious moving and shaking among community banks. But the murky economy and regulatory uncertainty have discouraged buyers, turning them skeptical and picky.

Bank of New Jersey in Fort Lee has hired Paul A. Meyer as a senior vice president and commercial loan officer.

Having already raised $50 million in fresh capital this year, Seattle Bank announced this week that it has received another $12 million from investors that its chief executive officer said the once-ailing bank would use to accelerate its growth plan.

MB Financial Inc. in Chicago is looking to looking rid itself of its asset-quality problems in one fell swoop.

TrustCo Bank Corp. in Glenville, N.Y., plans to sell 13.6 million shares of stock in a public offering.

Washington Federal Inc. in Seattle is raising its profile in New Mexico with a deal to acquire six branches and $253 million of deposits from Charter Bank in Albuquerque.

Two weeks after striking a deal to buy Capitol Bancorp's Seattle unit, AmericanWest is moving into the California market with a deal for Capitol's Sunrise Bank in San Diego.

The board of directors at Community Partners Bancorp in Middletown, N.J., has elected Frank Patock as chairman of both the company and its bank subsidiary, Two River Community Bank.

Washington Federal Inc. in Seattle is raising its profile in New Mexico with a deal to acquire six branches and $253 million of deposits from Charter Bank in Albuquerque.

City National Corp. of Los Angeles is expanding to Nashville, Tenn., to expand its entertainment division.

The Fed on Tuesday announced a written agreement with the Fargo, N.D. company. Cornerstone agreed to serve as a source of strength to its $265.4M subsidiary, which has been operating under a consent order with the FDIC since Aug. 23.

Kay M. Hoveland has notified the board of the $900 million-asset Kaiser that she plans to retire as the CEO of the thrift and president and CEO of its holding company, Kaiser Federal Financial Group Inc. Hoveland also plans to resign from the bank's board.

Midwest Corporate Federal Credit Union in Bismarck, N.D., has become the first corporate credit union to voluntarily liquidate in the face of daunting new capital and other regulatory requirements from the National Credit Union Administration.

The $1.46 billion-asset company said in a filing Monday with the Securities and Exchange Commission that L. Anderson Creel will resign at the end of the year.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as the president of its Florida operation.

With many competitors eschewing the interest-rate-sensitive housing market, First PacTrust took the opposite tack, agreeing to pay $17 million for Gateway Bancorp.

The only CEO in the history of Kaiser Federal Bank in Covina, Calif., is stepping down at the end of this month.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as president of its Florida operation.

The former chief executive of Community Link Federal Credit Union in Huntington, Ind., claims he was fired as head of the $20 million-asset credit union because he shared information with examiners for the National Credit Union Administration on potential conflicts of interest on the board and other regulatory violations.