Location Root Tag

Guaranty Federal Bancshares Inc. raised its fourth-quarter loan-loss provision by 42% after getting new data on an impaired loan.

United Community Bancorp in Lawrenceburg, Ind., is planning a second-step conversion. The $488 million-asset company said late Thursday that it would sell about 59.3% of its stock still owned by its mutual holding company.

Grandpoint Capital Inc. in Los Angeles has agreed to buy Orange Community Bancorp. Under the agreement, shareholders of the $223.6 million-asset Orange Community would receive $30 million in cash, or $11.70 a share.

The Federal Reserve Board has voted to allow Goldman Sachs Group Inc. to retain an 9.8% stake in a small Tennessee banking company. Goldman Sachs Investment Partners Master Fund LP made the investment in the $589 million-asset Avenue Financial Holdings Inc. in Nashville in 2007.

Iberiabank Corp. is on track to buy two Louisiana banks, ending the Layfayette company's seven-year lull of deal making in the state.

The head of California United Bank in Encino, David Rainer, was appointed to the board of the Federal Reserve Bank of San Francisco, California United announced Thursday.

Financial Institutions Inc. in Warsaw, N.Y., plans to raise $40 million of fresh capital through a public stock offering.

Illinois regulators are swinging their hammers again, but this time, their targets are better equipped to take the blow.

Chippewa Eagle Federal Credit Union, serving members and employees of the Saginaw Chippewa Tribe, opened Monday.

Despite rising credit costs, Roma Financial Corp.'s fourth-quarter earnings, $100,000 a year earlier, rose to $1.2 million.

Once an aspiring acquirer, Florida Bank Group Inc. in Tampa is now under a Federal Reserve enforcement action.

Iberiabank Corp. in Lafayette, La., is consolidating various outsourced debit card processing functions with products from Fiserv Inc.

Cardtronics Inc. announced Monday an agreement to provide Intuit Inc.'s Pay Card and Refund Card customers surcharge-free access to its fleet of ATMs.

Community Bancorp LLC of Houston has completed its acquisition of Cadence Financial Corp. of Starkville, Miss., with a $144 million investment, the companies announced Monday.

Capitol Bancorp Ltd. is selling its 51% stake in Bank of Las Colinas, which would mark its exit from Texas.

California United Bank in Encino reported a net loss of $2.3 million for 2010, compared with net income of $745,000 in 2009.

Virginia Commerce Bancorp Inc. said Monday it has appointed an interim successor for its chief financial officer, who died last month following complications from cancer.

While states like Washington and Oregon have had their share of failures, there have been several deals to save larger struggling banks there, too. Add Cascade Financial Corp. in Everett, Wash., to that pile.

Cornerstone Bancshares Inc. in Chattanooga, Tenn., said Friday that losses narrowed 42.1% in 2010. The $440 million-asset company posted a $4.7 million loss for the year, compared with an $8.2 million loss in 2009.

A spike in credit costs in the fourth quarter led United Security Bancshares in Fresno, Calif., to post a $2.9 million loss for 2010.