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A sharp increase in problem loans dragged down Porter Bancorp's profits in the first quarter.

Chartway Federal Credit Union in Virginia Beach has expanded in Utah With its acquisition Friday of the failed Utah Central Credit Union.

Norwood Financial Corp. in Honesdale, Pa., said Monday that it had received regulatory approval to acquire North Penn Bancorp Inc. in Scranton.

Georgia United Credit Union in Atlanta said Monday that it had completed its merger with State Employees Credit Union over the weekend.

First Niagara Financial Group in Buffalo is planning to add 500 new jobs over the next five years to support its rapid expansion.

Buoyed by strong loan growth, North Jersey Community Bank earned a record $1.5 million in the first quarter, up nearly 175% from the same period last year.

Several frequent buyers of failed banks struck new deals with regulators on Friday for another batch of collapsed institutions. In total, the Federal Deposit Insurance Corp. took five banks into receivership, with a total of $2.16 billion in assets.

Cardtronics Inc.'s first-quarter net income rose 55%, to $6.5 million, from a year earlier. The Houston ATM independent sales organization attributed the results in part to the addition of 250 machines to its existing base.

BNC Bancorp in High Point, N.C., on Friday posted a profitable first quarter while stating that remains interested in making bank acquisitions.

United Bancorp Inc. in Martins Ferry, Ohio, reported another profitable quarter despite higher credit costs. The $431.1 million-asset company posted a gain of $738,000 in the first quarter, compared with $683,000 a year earlier.

First Carolina Corporate Credit Union in Greensboro said Friday that it raised $60 million in new perpetual contributed capital, becoming the latest corporate to successfully complete a recapitalization.

First National Bank of the Gulf Coast in Naples on Friday sold the first $40 million of common stock under a planned $148 million private placement.

Battered by problem loans, Tennessee Commerce said it lost $3.2 million in the first quarter. By comparison, the company earned $553,000 in the fourth quarter of 2010.

Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.

MoneyGram International Inc. said Thursday that its first-quarter net income rose 30% year over year, to $14 million.

Citizens Republic Bancorp Inc. in Flint, Mich., reported a loss of $68.7 million in the first quarter, a marked improvement over the $106 million it lost in the last quarter of 2010.

The personal financial management provider Geezeo Inc. said that it had entered an agreement to provide services to McCoy Myers & Associates Inc. of Amarillo, Texas, a division of Computer Services Inc.

United Community Bancshares Inc. in Blairsville, Ga., has not reported a profitable quarter since mid-2008, but its chief executive said Thursday that he expects that to change starting this quarter.

Things might be improving for Flagstar Bancorp Inc. in Troy, Mich., despite recording its eleventh straight quarterly loss on Wednesday.

Amalgamated Bank in New York has named Edward Grebow, a former private-equity firm executive, as its president and chief executive.