Location Root Tag

Continuing to be plagued by problem construction loans, Hampton Roads Bancshares Inc. in Norfolk, Va., said after the markets closed on Monday that it lost $31.7 million in the quarter that ended March 31.

Two community banks have signed up for Secure Vault Payments, according to eWise Systems USA Inc., the Denver company working with Nacha, the electronic payments association, to offer the technology.

Hancock Holding of Gulfport, Miss., has won all federal approvals to acquire Whitney Holding in New Orleans, setting the stage for the deal to close on June 4 and create a $20 billion-asset company with more than 300 branches stretching from Florida to Texas.

Premier Financial Bancorp of Huntington, W.Va., has received regulatory approval to resume dividend payments on its investment from the Treasury Department.

Bay Commercial Bank in Walnut Creek, Calif., is moving into the Silicon Valley market with a deal to acquire the $66 million-asset Global Trust Bank for $15.3 million in cash and stock.

Bell Federal Credit Union and Midwest Partners Federal Credit Union, both in Sioux Falls, S.D., have agreed to merge, creating a $65 million-asset credit union serving 9,000 members.

The Federal Reserve on Thursday released information on written agreements with five banking companies.

Naugatuck Valley Financial Corp. in Connecticut has won permission from the Office of Thrift Supervision to convert from a mutual holding company to a 100% stock-owned company.

Northern Trust Corp. will remain the title sponsor of a top professional golf tournament in Los Angeles at least through 2016.

Aptys Solutions LLC has launched a tablet-based, paperless invoicing system called aMobile.

PIN-pad tampering at Michaels Stores Inc. occurred over a three-month period and so far has affected "fewer than 100" customers' debit card accounts, but credit card data also may have been exposed, the retailer said Friday.

Tri-Valley Bank in San Ramon, Calif., is looking to raise roughly $7 million in a private placement that the bank said it would use to support growth and boost its capital levels.

Suffolk Bancorp in Riverhead, N.Y., has announced that it may need to restate earnings for several quarter after identifying weaknesses in its methodology for calculating loan losses.

ViewPoint Financial Group Inc. in Plano, Texas, said Thursday that Gary Base, its longtime president and chief executive, will retire at the end of the year.

Mounting problems in construction lending have forced NASB Financial Inc. in Grandview, Mo., to restate earnings for its fiscal first quarter and delay reporting second-quarter earnings.

DeviceFidelity Inc. on Wednesday said it was issued a patent for using near-field communication technology to perform payment and other activities on mobile devices.

Trustmark Corp. in Jackson, Miss., said Tuesday that Daniel Grafton has become chairman of both the company and Trustmark Bank.

F.N.B. Corp. in Hermitage, Pa., plans to sell 4.5 million shares of common stock to raise capital. The $9.8 billion-asset company said late Tuesday that the offering is being held in conjunction with its inclusion in the Standard & Poor's SmallCap 600 index after the market closes Friday.

First National Corp. in Strasburg, Va., has hired a veteran banker, Scott Harvard, as its chief executive. Harvard, the chairman of the Federal Home Loan Bank of Atlanta, is also the CEO of the First Bank unit of First National.

The activist investor Richard Lashley believes that the mutual holding company structure should be extinct and that all mutuals should operate as fully public companies.