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The $4.2 billion-asset company plans to ask its shareholders, who have seen their stock drop 78% in value in the past year, to increase the number of authorized shares to 1.5 billion from 50 million at a meeting in late January.

The $709.2 million-asset company said last week that James Miller would retire on Feb. 4 and that it would launch a search to find his successor. Miller has been with Princeton National since 1979.

The $1.9 billion-asset company said in a Monday press release that Richard Northern, a corporate lawyer in the Louisville office of Wyatt, Tarrant & Combs, will join the board on Jan. 18.

Another banking company plans to exit the Troubled Asset Relief Program after 1st Source Corp. of South Bend, Ind., said it received approval to repurchase preferred shares it issued two years ago.

BankEast in Knoxville, Tenn., has received a prompt corrective action directive from the Federal Reserve due to its undercapitalized status.

Cascade Bancorp in Bend, Ore., said Monday that shareholders overwhelmingly approved a plan to sell common stock to a group of outside investors.

Last decade's acquisitions made midsize banks an endangered species. Today's acquisitions are repopulating the category, and Tower Bancorp is a case in point.

Shareholders of American Community Bancorp Inc. in Evansville, Ind., on Wednesday approved the company's sale to German American Bancorp Inc. in Jasper, Ind.

Analysts predict there will be more deals like Hancock's takeover of Whitney as banks seek buyers to help cut ties with Treasury rather than test the highly dilutive capital markets.

Hancock, of Gulfport, Miss., is buying the larger New Orleans-based Whitney. Hancock would gain an entree into Texas and Louisiana and a bigger presence in Florida and Mississippi.

Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to pay $108 million for hometown rival Legacy Bancorp.

F.N.B. Corp. in Hermitage, Pa., announced Tuesday that longtime board member Peter Mortensen is retiring. The former chairman of the $9 billion-asset F.N.B. plans to leave when his term expires in May.

Shareholders at PremierWest Bancorp in Medford, Ore., have approved a reverse split of the company's stock, which could boost its share price.

Webster Financial Corp. said Tuesday that it plans to raise $156.6 million to help pay off its Troubled Asset Relief Program funding.

Anchor BanCorp in Madison, Wis., has regained compliance with Nasdaq listing requirements after its stock price rose in recent weeks.

Brandon Steele knows how to process crude oil, sew duffle bags and raise cattle. But being chairman of a community bank is a new one for this serial business owner.

Webster Financial Corp. in Waterbury, Conn.,is raising capital to pay off the balance of the Treasury Department's investment under the Troubled Asset Relief Program.

Central Pacific Financial Corp. in Honolulu said Monday that it renegotiated its stock conversion rate with the Treasury Department related to its $135 million in Troubled Asset Relief Program funds.

Shareholders of First Niagara Financial Group Inc. and NewAlliance Bancshares Monday overwhelmingly approved their merger agreement despite strong disapproval from Connecticut officials.

Hudson City Bancorp Inc., one of the largest residential lenders in the mid-Atlantic area, on Friday pulled the plug on a plan to move to a commercial bank from a thrift holding company.