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Center Bancorp Inc. in Union, N.J., said Wednesday that it promoted an insider to become its chief financial officer.

Hawthorn Bancshares Inc. in Lee's Summit, Mo., reported a loss of $5.5 million for 2010 after posting a profit a year earlier.

The Federal Reserve has ordered First American International Corp. to serve as a source of strength to its Brooklyn, N.Y., bank.

American Airlines Federal Credit Union announced on Wednesday a remote deposit capture service.

CVB Financial Corp. in Ontario, Calif., said late Monday that it had sold the vast majority of the problem loans related to what had been its largest borrower.

Lawrence Seidman, the activist investor who has waged a series of successful proxy battles to force banks to sell, has increased his holdings in a bank that can't sell itself for at least two years.

The Federal Deposit Insurance Corp. said last week it had issued prompt corrective action orders to four of Capitol's 24 banks, including its three largest, in February. The directive to each was clear: Sell stock to raise capital to adequate levels, or find a buyer.

Toledo Urban Federal Credit Union, a 15-year-old community development credit union in Ohio, is asking the public for a helping hand, an unusual request to keep the struggling credit union alive.

Community Bank System Inc. in DeWitt, N.Y., said Monday that it has received shareholder and regulatory approval to acquire Wilber Corp.

Chemung Financial Corp. in Elmira, N.Y., has cleared one of the final hurdles in its bid to buy Fort Orange Financial Corp. in Albany, N.Y.

Home Federal Bancorp Inc. in Nampa, Idaho, is reorganizing, along with its thrift, into a state-chartered bank.

When two tiny banks merge to form a slightly less tiny bank, which institution really reaps the efficiencies: the merged entity — or a larger acquirer down the road?

The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.

Private Bank of the Peninsula in Palo Alto, Calif., said Friday it has changed its name to Avidbank.

Credit unions in Arizona, Colorado and Wyoming have voted to combine their three state credit union leagues, the latest consolidation of state trade associations.

PVF Capital Corp. in Solon, Ohio, has retired a five-year-old debt that will save the company $2.5 million a year.

Credit Union of Atlanta has named Sheilah Montgomery, the former president of 1st Choice Credit Union, as its president and chief executive.

Southern Community Financial Corp. in Winston-Salem, N.C., has revised its Dec. 31 results downward to reflect an addition to its valuation allowance against deferred tax assets.

Luzerne National Bank Corp. in Luzerne, Pa., has agreed to buy a branch from CCFNB Bancorp Inc. The $280 million-asset company will also get $17.1 million of deposits located around Hazelton, Pa., according to a Friday filing with the Securities and Exchange Commission.

Donegal Financial Services Corp. in Marietta, Pa., has once again pushed back its deadline to buy Union Financial Corp. of Lancaster, Pa.