Location Root Tag

First Southern Bank in Boca Raton, Fla. is realigning its organization to make it easier to expand.

As more community banks gravitate to a strategy of quickly purging bad loans, Saehan Bancorp in Los Angeles has something to show for holding out.

After piloting an online payment network that it says guards against potential identity theft, JetPay LLC will be providing that same platform, Secure Vault Payments, to its own clients.

Despite its pending sale, Cadence Financial Corp. in Starkville, Miss., has been ordered to submit a capital plan to the Federal Reserve Board.

Bank of Kentucky Financial Corp. in Crestview Hills has raised $28.1 million of capital that will go toward repaying the Treasury Department.

United Western Bancorp Inc. of Denver has received a noncompliance letter from the Nasdaq because it has yet to file its third-quarter results.

Private-equity firms willing to fund cash-strapped banks are snatching opportunities from more traditional consolidators.

The cities of Beaverton and Lake Oswego have launched programs this year to move public funds from state investment pools into certificates of deposit at local, civic-minded banks.

People's United Financial Inc.'s acquisition of Smithtown Bancorp Inc. in Hauppauge, N.Y., is set to close Nov. 30.

Macatawa Bank Corp. has hired an executive from Fifth Third Bancorp to become its chief credit officer.

Capitol Bancorp Ltd. plans to sell its majority stake in a North Carolina bank to a private-equity-backed group.

An affiliate of Hovde Private Equity Advisors LLC has completed an $11 million capital infusion into FirstAtlantic Financial Holdings Inc. in Jacksonville, Fla.

After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.

Bridge Capital Holdings in San Jose, Calif. said Friday that it would raise $30 million in capital through a private placement with a group of institutional investors.

Continental Bank Holdings Inc. has become at least the third bank in the past two weeks to terminate a planned acquisition after failing to get regulatory approval.

Alliance Bancorp Inc. in Broomall, Pa., announced plans last week to raise up to $41 million in a second-step conversion.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.

A jury ruled Thursday that BankAtlantic Bancorp Inc. misled its investors about its credit quality and must compensate them for certain losses.

Hanmi Financial Corp. is free to pursue other deals after amending an oft-delayed agreement with a patient investor.

Sterling Financial Corp. in Spokane, Wash., announced plans Thursday for a 1-for-66 reverse stock split.