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American National Bankshares Inc. in Danville, Va., announced it is buying MidCarolina Financial Corp. for $38.8 million.

United Bankshares Inc. announced Thursday that it has agreed to buy Centra Financial Holdings Inc. for $187 million.

Sandy Spring Bancorp Inc. in Olney, Md., redeemed the remaining $41.5 million of preferred stock held by the Treasury Department.

First Mid-Illinois Bancshares Inc. in Mattoon said Tuesday that it would raise up to $25 million in capital through a private placement of preferred stock.

BancFirst Corp. in Oklahoma City on Wednesday completed its purchase of OK Bancorp., its second acquisition this week.

United Western Bancorp Inc. in Denver said its thrift was undercapitalized at Sept. 30 after further writedowns on its portfolio of mortgage-backed securities.

Beehive Credit Union in Salt Lake City, which once had assets of $200 million and unsuccessfully tried to convert to a mutual savings bank, was shut down Wednesday.

Sun Bancorp Inc. in Vineland, N.J., said Wednesday that it expects to report a $25 million loss from the sale of commercial real estate loans.

Norwood Financial Corp. in Honesdale, Pa., has agreed to buy rival North Penn Bancorp Inc. of Scranton for $27.1 million.

At a time when banks need to distinguish themselves and boost revenue, Investors Bancorp Inc. is embracing a service that many banks are wary of: remittances.

Washington Trust Bank in Spokane is offering mobile banking services to its customers through text, mobile Web and dedicated applications using mFoundry Inc.'s software.

Regulators have prohibited Weststar Financial Services Corp. in Asheville, N.C., from paying dividends or reducing the capital at its bank unit without permission.

Most billion-dollar community banks have skirted the surge of traditional mergers and acquisitions that has engulfed their smaller peers — until now.

BB&T Corp. has entered into a multiyear agreement with Cardtronics Inc.'s Allpoint network to expand surcharge-free ATM access to the issuer's debit cardholders in Florida and Texas.

California United Bank in Encino and California Oaks State Bank said their shareholders have approved the agreement in which California United would buy the Thousand Oaks bank.

Three community banks completed acquisitions Friday.

First Bank of the Palm Beaches has managed to maintain a middle-of-the-road status in the treacherous world of Florida banking.

ST Financial Group in College Station, Texas, has raised $15.1 million in capital through a private offering.

AmericanWest Bancorp, a $1.5 billion-asset company in Spokane, Wash., chose to clear the $6.5 million sale through the U.S. Bankruptcy Court for the Eastern District of Washington.

After two weeks without any failures, the Federal Deposit Insurance Corp. seized two small banks on Friday. The banks, with $365.3 million in combined assets, are expected to cost the Deposit Insurance Fund $113.1 million.