Location Root Tag

Camden National Corp. in Maine has formed an executive management team. The five-officer team reports to Gregory Dufour, the $2.3 billion-asset company's president and chief executive.

Suffolk Bancorp in Riverhead, N.Y., said Tuesday that is overhauling its lending operations after reporting a big first-quarter loss.

Intervest Bancshares Corp. in New York posted a first-quarter profit after reporting a loss a year earlier. The $2 billion-asset company reported a profit of $1.7 million, or 8 cents a share, compared with a loss of $2.9 million, or 35 cents a share, a year earlier.

The Federal Reserve Board on Tuesday announced enforcement actions against two banks.

G. Kennedy Thompson, a former chairman and chief executive of Wachovia Corp., will join the board of BNC Bancorp in High Point, N.C.

Baltimore County Savings Bank is looking to switch to a Maryland chartered bank from a federal thrift.

First Place Financial Corp. in Warren, Ohio, has deferred payments on its subordinated debt and preferred shares issued to the Treasury Department to save cash and comply with an enforcement action.

Altura Credit Union in Riverside, Calif., which reported a 2010 loss of $5.8 million, said Friday that it is closing four branches and laying off 26 employees, or 11% of its work force.

Norwood Financial Corp. in Honesdale, Pa., has received approval from shareholders of North Penn Bancorp Inc. to buy the Scranton, Pa., company.

Community Bank System Inc. in DeWitt, N.Y., said Monday that it has completed its acquisition of Wilber Corp.

The Federal Reserve on Friday approved an application by China's Bank of Communications Co. to open a branch in San Francisco.

Members 1st Federal Credit Union in Mechanicsburg, Pa., fresh off a trademark infringement claim with a local bank, filed a new lawsuit Friday against Merrick Bank in South Jordan, Utah.

Skeptics have often viewed banks with in-store branches as unconventional. Still, several community banks have tested the strategy and concluded it has untapped potential.

The OCC closed the $187 million-asset Western Springs National Bank and Trust in Illinois Later, state regulators closed the $145 million-asset Nevada Commerce Bank.

Waccamaw Bankshares Inc. in Whiteville, N.C., said Friday that the Nasdaq stock market has given the company until June 3 to submit a plan to regain compliance.

Professional Business Bank in Pasadena, Calif., has hired a former Citigroup Inc. executive as its chief credit officer.

Pacific Marine Credit Union in Camp Pendleton, Calif., on Friday said it acquired a branch from Provident Financial Holdings Inc. of Riverside, Calif.

National Bancorp Holdings, a newly created holding company backed by brothers Stephen and John Calk, bought Generations Bank from Armed Forces Bank in Fort Leavenworth, Kan.

The Federal Reserve Board has terminated an enforcement action against Tradition Bancshares Inc.

Associated Banc-Corp in Green Bay, Wis., has repaid half of the $525 million it obtained from the Troubled Asset Relief Program.