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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.

NetSpend Holdings Inc. is continuing to expand distribution of its prepaid cards through automobile insurers with a marketing agreement it announced on Thursday.

Evolve Financial Group Inc. in West Memphis, Ark., said its bank has added a Small Business Administration division.

The Office of the Comptroller of the Currency said Thursday that it fined Pacific National Bank in Miami $7 million for violating anti-money-laundering rules.

First Niagara Financial Group Inc. in Buffalo, N.Y., said it has hired a former Ally Financial Inc. executive as its chief financial officer.

Patriot National Bancorp Inc. in Stamford, Conn., said Thursday that a turnaround plan it implemented last year helped it narrow its net loss by 36%, to $15.4 million.

Veritex Holdings Inc. in Dallas has completed its purchase of Fidelity Bank, marking its second deal to close since raising $45 million.

Hidden River Credit Union, which serves mostly school districts, is expanding its reach. The Pottsville, Pa., credit union has been approved by state regulators to convert to a community charter, allowing it to serve the 150,000 residents of surrounding Schuylkill County.

Bogota Savings Bank in Teaneck, N.J., has hired Brian McCourt as its chief financial officer. The $370 million-asset thrift said in a press release Wednesday that the CFO responsibilities were previously handled by Joseph Coccaro, who is also its president and chief executive.

First Midwest Bancorp Inc. in Itasca, Ill., has added a director. The $8.15 billion-asset company said that Peter Henseler, the president of toymaker RC2 Corp., had joined its board.