Location Root Tag

Polish and Slavic Federal Credit Union in New York has hired Oskar Mielczarek, an experienced banker, as its president and chief executive.

Hancock Holding Co. in Gulfport, Miss., and PacWest Bancorp in Los Angeles are scheduled to exchange Standard & Poor's indexes.

Community West Bancshares in Goleta, Calif., said Friday that it may revise its first-quarter results to reflect an expected $670,000 increase in its allowance for loan losses.

Fidelity Southern Corp. in Atlanta said Friday that it had raised $14.4 million in a private placement. The $2 billion-asset company also said it sold about 2.2 million shares of common stock at $6.65 a share, or 9.9% of shares outstanding.

The Federal Reserve on Thursday announced written agreements with four banking companies.

Investors have recapitalized several banks, most notably those in the western U.S., in recent months with the intention of salvaging their franchises and creating vehicles that can be used to buy other banks.

Enterprise Financial Services Corp. in St. Louis said it raised about $35 million in a public offering completed Tuesday.

Cydly Langer Smith succeeded her mother, Helen Langer Smith, who is replacing her daughter as the vice chairman of the $900 million-asset bank, it said late Wednesday.

PrivateBancorp Inc. of Chicago said Wednesday that it has named James Guyette as the second chairman in the company's 20-year history.

Now its patience and determination appear to be paying off. Last Friday Blue Ridge's CertusBank subsidiary got a lot bigger when it received regulatory approval to acquire two failed Georgia banks from the Federal Deposit Insurance Corp.

Capitol Bancorp has struck a deal to sell yet another one of its bank units. AmericanWest Bank in Spokane, Wash., will buy Bank of the Northwest for $17 million in cash.

Private Bancorp Inc. in Chicago has named James Guyette as the second chairman in the company's 20-year history.

Wescom Credit Union of Pasadena, Calif., said Wednesday that its Wescom Resources Group has signed with PayPal Inc. to offer person-to-person payment services to credit unions.

The Federal Reserve on Tuesday announced that it had reached a written agreement with BW Bancorp in Ely, Minn.

First Community Bancshares Inc. in Bluefield, Va., appears poised to make acquisitions after raising $19 million in fresh capital.

Battered by defaults on real estate loans, FNB United Corp. of Asheboro, N.C. reported a loss of nearly $45 million in the first quarter and says that it is likely to fail if a previously announced recapitalization plan falls through.

SCB Bank in Shelbyville, Ind., is running low on capital after management opted to set aside more than $11 million to cover problem loans dating to the tenure of its former chief executive.

Less than two years after it acquired Federal Trust Bank in Sanford, Fla., so it could qualify for a federal bailout, insurance giant Hartford Financial Services Group Inc. is selling the thrift to another Florida banking company.

Three failures late Friday, including a pair in Georgia, cost the Federal Deposit Insurance Corp. an estimated $445 million.

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