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Yadkin Valley Financial Corp. of Elkin, N.C., said late Tuesday that it had named an insider to become its next president and chief executive.

Vista Bank Texas in Houston has agreed to buy Founders Bank of nearby Sugar Land. The $145.7 million-asset Founders will fold its single branch into the $455.6 million-asset Vista.

Har-Co Maryland Federal Credit Union in Bel Air has notified members and the National Credit Union Administration that it plans to convert to a mutual savings bank. It would become the first conversion in more than two years.

Republic Bancorp Inc. is fighting to keep a right that most other banks have surrendered. The Louisville, Ky., company is preparing to square off against the Federal Deposit Insurance Corp. over refund-anticipation loans, a product that regulators have pressured several other lenders to stop making because it is viewed as predatory.

National Penn Bancshares Inc. of Boyertown, Pa., said late Monday that Michael Martin had joined its board as part of a recent capital infusion by Warburg Pincus.

CoBiz Financial Inc. of Denver said late Monday that it would record a $15.6 million valuation allowance for deferred tax assets.

The Federal Reserve Board acted against three banks Tuesday. Bank of Whitman in Colfax, Wash., was hit with a prompt corrective action after the Fed found that the $722.2 million-asset bank was undercapitalized and failed to submit an acceptable capital restoration plan.

First Mid-Illinois Bancshares Inc. in Mattoon is raising capital through a private placement to be opportunistic. The $1.5 billion-asset company said Friday that it had subscriptions for $27.5 million of convertible preferred stock from investors, directors, executives, major customers and existing shareholders.

CBM Florida Holding Co. in Lakewood Ranch said in a press release Friday that its Community Bank & Co. had agreed to buy the $505 million-asset First Community Bank of America in Pinellas Park, Fla.

Sterling Bancshares Inc. talked with six potential bidders before agreeing to sell to Comerica Inc., according to a regulatory filing.

Four failed-bank deals announced Friday evening marked another successful night for private equity.

Cardtronics Inc. executives cast their company as a potential beneficiary of financial reform that, as proposed, would require issuers to attach more than one unaffiliated payment network to debit cards.

Republic Bancorp said Friday that it had received a notice from the Federal Deposit Insurance Corp. characterizing its practice of funding loans in advance of income tax refunds as "unsafe and unsound."

Premier Financial Bancorp Inc. said its regulator, citing the Troubled Asset Relief Program, had rejected a request to let it pay dividends.

MutualFirst Financial Inc. reported a fourth-quarter profit as credit costs ticked up but securities problems abated.

Though BankAtlantic in Fort Lauderdale, Fla., was well capitalized at yearend, the thrift may soon be required to boost its capital.

The Federal Reserve has given Community Banks of Colorado 90 days to return to adequately capitalized status or sell itself.

The payment-processing platform provider Aptys Solutions is now including an automated clearing house functionality with its PayLogics processing platform.

Two Texas banks have introduced mobile banking services from First Data Corp. The Atlanta payments company said Thursday that American Bank of Texas in Marble Falls and Waggoner National Bank in Vernon are using First Data's Mobile Manager mBanking system.

Cardtronics announced Thursday a 375% increase in profits to $8 million for the fourth quarter from a year earlier, driven by growing revenue and higher margins.