Location Root Tag

CapitalSource Inc. may not be drowning, but that isn't stopping the Chevy Chase, Md., finance company from looking for help.

Carolina Trust Bank in Lincolnton, N.C., raised $6.3 million after selling 2.1 million shares of common stock.

First Commonwealth Financial Corp. in Indiana, Pa., has named a company insider to become its chief risk officer.

Capitol Bancorp Ltd., which has headquarters in Lansing, Mich., and Phoenix, has commenced an exchange offer to holders of its trust-preferred securities.

A land deal in Iowa City, involving the city and a credit union is the focus of a legal battle.

BankFirst of Winter Park, Fla., has agreed to acquire Commercial Bancorp Inc. of nearby Ormond Beach.

Webster Financial Corp. in Waterbury, Conn., said it had given more responsibilities to its chief financial officer, Gerald Plush.

United Bankshares Inc. in Charleston, W.Va., said it expects a $15 million insurance claim payment to help lift its fourth-quarter earnings.

Rarely is bankruptcy court a welcome detour, but more struggling banks may take it to overcome debtholders blocking their recapitalization efforts.

Several companies kicked off 2011 by completing acquisitions.

Independent Bank of Austin said Tuesday that it has changed its legal name to I Bank Texas. The $156.8 million-asset company, which is based in Lakeway, was created in 2005. A website was also developed to reflect the new name.

Hanmi Financial Corp.'s recapitalization agreement with Woori Finance Holdings Co. Ltd. remains in place despite passing a Dec. 31 deadline.

Home BancShares Inc. in Conway, Ark., expects a spike in its loan-loss provision when it reports fourth-quarter results.

Maryland is trying to make a bigger name for itself with lenders pinching every penny they can, by promoting its lower taxes and better protection for directors.

Susquehanna Bancshares Inc. in Lititz, Pa., has brought in a new chief operating officer. The $14 billion-asset company said in a Dec. 30 filing with the Securities and Exchange Commission that it had hired Gregory Duncan to succeed Eddie L. Dunklebarger on Jan. 28.

Central Virginia Bankshares Inc. in Powhatan said Monday that it promoted Herbert Marth Jr. to president and chief executive.

Tower Bancorp Inc. of Harrisburg, Pa., is discontinuing the operations of a mortgage division that belonged to First Chester County Corp., a bank it bought last month.

At least three banking companies marked the end of the year by closing deals.

Centrue Financial Corp. is at risk of delisting on the Nasdaq Stock Market. Nasdaq notified the St. Louis company Dec. 28 that it was not in compliance with a rule requiring it to maintain a minimum market value of $5 million.

First California Financial Group Inc. in Westlake Village has agreed to buy an electronic banking solutions group from Palm Desert National Bank.