Location Root Tag

Like many community banks, First Bancshares in Mississippi quite reluctantly took Tarp funds, accepting only half what it qualified for. Yet the $500 million-asset company is now going back for seconds.

The National Credit Union Administration said Wednesday that May's failure of St. Paul Croatian Federal Credit Union in Cleveland was caused by fraud and will cost the National Credit Union Share Insurance Fund as much as $170 million, one of the biggest losses ever incurred by a noncorporate credit union.

Intervest Bancshares Corp. in New York reported a $661,000 net loss for the third quarter, compared with net income of $342,000 a year earlier.

Union First Market Bankshares said Tuesday that it has completed the integration of two affiliate banks, making it the largest community bank in Virginia.

As part of its effort to increase capital ratios, Capitol Bancorp said Friday that it had agreed to sell its 1st Commerce Bank subsidiary.

Bank of South Carolina Corp. reported a sixfold year-over-year increase in third-quarter net income, to $821,601.

Berkshire Hills Bancorp has agreed to acquire Rome Bancorp for about $74 million in cash and stock, as the Massachusetts bank looks to grow its presence in New York.

The Office of the Comptroller of the Currency assessed a $33 million enforcement order against Woodforest National Bank of The Woodlands, Texas, for unfair and deceptive practices in its overdraft program.

BankUnited in Florida said Friday that it has acquired a small-business lending platform and a municipal leasing business from two companies as a way to expand its lending operations nationwide.

EverBank Financial Corp., one of Florida's largest homegrown banks, plans to go public by raising up to $200 million of common stock, according to a registration filed Friday with the Securities and Exchange Commission.

Fairwinds Credit Union in Orlando has renewed its membership in First Data Corp.'s Star network, making the electronic funds transfer service its preferred provider of PIN debit transaction and ATM access services.

ESSA Bancorp Inc. of Stroudsburg, Pa., has completed its second stock repurchase program, and announced another plan to buy back 5% more of its outstanding stock.

Banner Corp. of Walla Walla, Wash., has warned investors to be ready for a particularly large loss for the third quarter.

Mississippi's Cadence Financial Corp. and Trustmark Corp. seemed to be a near-perfect match. Both had competed in neighboring markets for more than a century, and their union would have created an $11 billion-asset Southeast powerhouse.

Wendy's/Arby's Group Inc., Beall's Inc. and Luby's Inc. have renewed multi-year card processing agreements with Fifth Third Processing Solutions LLC, the Cincinnati company said Wednesday.

Old National Bancorp in Evansville, Ind., Wednesday announced a deal to acquire the $850 million-asset Monroe Bancorp for $83.5 million in a stock transaction.

Cadence Financial Corp. of Starkville, Miss., on Wednesday called off its deal with longtime competitor Trustmark Corp. and instead agreed to be acquired by an investment group in Texas.

National Penn Bancshares Inc. said Wednesday that the private-equity firm Warburg Pincus has agreed to invest $150 million for a 16.4% stake in the Boyertown, Pa., company.

After trying to expand the unit, MainSource Financial Group of Greensburg, Ind., has shrunk MainSource Insurance by selling its property and casualty and health insurance books.

With a new line of products, Flagstar Bancorp in Troy, Mich., is following through with a plan to increase its commercial business.