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SCBT Financial Corp. in Columbia, S.C., added $35 million in capital base to complement its acquisition last week of a failed bank.
February 22 -
Wilshire Bancorp Inc. of Los Angeles said late Friday that it had hired Jae Whan Yoo, who resigned abruptly from Center Financial Corp. of Los Angeles in January, as president and chief executive.
February 22 -
Bryn Mawr Bank Corp. in Pennsylvania said it has agreed to buy the private wealth operations of the Hershey Trust Co.
February 22 -
Four Oaks Fincorp Inc. in North Carolina is on the hunt for capital after a large fourth-quarter loss. The $950 million-asset company said its loss in the quarter widened from $1.7 million a year earlier to $19.4 million.
February 22 -
Iberiabank Corp. of Lafayette, La., said Tuesday that it has agreed to buy Omni Bancshares in Metairie, La., for $40 million in stock.
February 22 -
Central Pacific Financial Corp. in Honolulu has received approval from regulators to complete a much-needed $325 million capital injection.
February 21 -
Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.
February 21 -
Alma Bank in Astoria, N.Y., said Friday that George Katsiaunis will become its president. Katsiaunis is to succeed Luis Rebatta, who has been president of the $497.2 million-asset bank since it opened in 2007.
February 18 -
Bethpage Federal Credit Union has started an interactive marketing campaign that tells people, "It's time to give your bank a pink slip."
February 18 -
HarVest Bancorp Inc. has reportedly been without a chief executive for several weeks as it finalizes a recapitalization plan that intended on the previous CEO staying.
February 18 -
Bank of New York, representing holders of trust-preferred debt, has put up a vigorous fight against Builders Financial's reorganization plan, accusing the bankrupt company's owner of using straw creditors to deceive the court.
February 18 -
Emclaire Financial Corp. in Emlenton, Pa., raised its quarterly dividend by 14%. The $481.9 million-asset company declared a dividend of 16 cents a share, compared with 14 cents a quarter earlier.
February 17 -
Citizens First Corp. in Bowling Green, Ky., said Thursday that it has agreed to repay part of its outstanding debt under the Troubled Asset Relief Program.
February 17 -
The Federal Reserve Board said it has reached a written agreement with Westside Banking Co. of University Place, Wash.
February 17 -
Regulators on Wednesday cleared Motion Picture Federal Credit Union to merge into the $80 million-asset Musicians Interguild Credit Union in Hollywood, Calif.
February 17 -
The board of Independent Bank Corp. in Ionia, Mich. is already making plans in advance of its leader's retirement next year.
February 17 -
Blackhawk Bancorp Inc. of Beloit, Wis., reported a 52% increase in fourth-quarter earnings from a year earlier as an improved net interest margin offset higher credit costs.
February 17 -
Southern Community Financial Corp. of Winston-Salem, N.C., said Thursday that its bank has signed a consent order requiring it to reduce problem loans and maintain capital levels.
February 17 -
A Maryland credit union's new venture promises to make enemies out of allies and attract a strange bedfellow — banks.
February 17 -
Broadway Financial Corp. in Los Angeles announced Wednesday that the Treasury Department has agreed to take a 50% haircut on its holdings to help bolster the company's recapitalization efforts.
February 16




