Location Root Tag

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.

California United Bank in Encino said Thursday that it raised about $10.3 million in a private placement mostly through 16 institutional investors.

BancFirst Corp. in Oklahoma City said Thursday that it has agreed to buy FBC Financial Corp., parent of the $256 million-asset 1st Bank Oklahoma.

By the end of this month the Office of Thrift Supervision wants Carver, a minority-owned bank that serves underbanked communities in New York City, to increase capital ratios by at least $20 million. Analysts, however, believe Carver may need as much as $35 million to properly repair itself.

The parent company of the marketing firm Epsilon said potential client losses are the biggest risk it faces from a data breach that exposed customers' email addresses.

First Niagara Financial Group has cleared the final hurdle in its bid to buy NewAlliance BancShares Inc. in New Haven, Conn.

Navy Federal Credit Union's move to eliminate balance transfer fees for new credit card accounts may demonstrate that the credit card industry has recovered sufficiently from economic and regulatory setbacks to return to more aggressive marketing.

Four banks based in the state have agreed to sell since December, when Hancock Holding of Gulfport, Miss., said it would buy Whitney, a New Orleans stalwart.

Empower Federal Credit Union of Syracuse, N.Y., is using a secure document signing technology from Integrated Media Management.

West Coast Bancorp in Lake Oswego, Ore., said Tuesday that it has hired a former Umpqua Holdings Corp. executive as its corporate compliance manager.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said in its annual report that mounting legal problems could have an adverse effect on its financial results.

Superior Bancorp in Birmingham, Ala., said it must continue to delay filing its 2010 report with the Securities and Exchange Commission until it addresses issues with certain appraisals.