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Anchor Bancorp in Aberdeen, Wash., launched a syndicated community offering Wednesday to complete its conversion to a stock company from a mutual.

Atlantic Coast Federal Corp. in Waycross, Ga., said it expects to report a fourth-quarter loss of up to $5.5 million.

Bank of Commerce in Chalotte, N.C., on Tuesday reported a loss of $1.3 million for the fourth quarter.

California General Bank in Pasadena has completed its purchase of Professional Business Bank, the companies said Tuesday.

Republic Bancorp in Louisville, Ky., plans to enter warehouse lending by the second quarter after hiring a top executive from National City Corp.

Vibra Bank in Chula Vista, Calif., on Tuesday reported a fourth-quarter profit of $51,000 as it reached its second year in business.

Sterling Bancshares Inc. in Houston is said to be shopping itself as it prepares for a hostile board takeover proposed by Don Adam, its biggest shareholder.

Midwest banks have long been enamored with growth in sunny locations, but Enterprise Financial Services Corp. is using government-backed deals with loss-sharing agreements as protection.

National Penn Bancshares Inc. in Boyertown, Pa., has announced the completion of a $150 million recapitalization with the private-equity firm Warburg Pincus.

A pair of banking companies have extended their deadlines for rights offerings due to technical difficulties.

As the epicenter of bank failures in 2010, Florida gave 2011 its first casualty. Florida was home to 18% of the 157 failures last year, with 29. Following a two-week hiatus, two banks failed on the first Friday of the new year.

First Citizens BancShares in Raleigh, N.C., has finally combined its two main subsidiaries. The $21 billion-asset company said IronStone Bank, its thrift, merged into First Citizens Bank, a state-chartered bank, on Friday.

Frequent bank investor Thomas Brown has taken a stake in Mercantile Bank Corp. of Grand Rapids, Mich.

In the midst of the largest Korean-American bank merger, Center Financial Corp. has "terminated" its chief executive.

It's unlikely that SunTrust Bank wanted to become a part owner of a small North Carolina bank when it made a $15 million loan nearly three years ago.

Yakima Valley Credit Union in Yakima, Wash., said Wednesday that it has signed a nonbinding letter of intent to merge with Catholic Credit Union to create a credit union with almost $500 million in assets and serving 50,000 members.

City County Credit Union in Fort Lauderdale, Fla., plans to double its coverage in the state by expanding into nine nearby counties.

First BanCorp in San Juan, Puerto Rico, has reduced its shares outstanding to 21 million after a 1-for-15 reverse stock split.

Tower Bancorp Inc. of Harrisburg, Pa., said Wednesday it may cost up to $5.6 million to shut down the former mortgage division of First Chester County Corp., a bank Tower bought in December.

The Federal Reserve Board reached written agreements with five community banks Thursday.