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An inventor claiming to hold a patent on nonfinancial functions delivered through automated teller machines is stepping up his legal dispute with Cardtronics Inc.

New Century Financial is taking the concept of trying to succeed where others have failed to an extreme. The commercial finance company, based in The Woodlands, Texas, filed a de novo bank application in July with state officials at a time when startup banks are nearly extinct.

The $3 billion-asset company filed an exchange offer memorandum Monday with the Securities and Exchange Commission, commencing offers to exchange newly issued shares of common stock for outstanding shares of Series A and B preferred stock.

Cascade Bancorp's lead investors are giving the company two more weeks to find additional capital.

Stonegate Bank in Fort Lauderdale, Fla., said Tuesday it has agreed to buy Southwest Capital Bank in Fort Myers, Fla., for $9.4 million in an all-stock transaction.

Pinnacle Bancorp Inc. has agreed to acquire American National Bank of Fremont, the Nebraska companies announced Tuesday.

San Antonio Federal Credit Union in Texas has acquired Mountainside Financial, a broker for mobile and manufactured home lending.

American Home Mortgage Servicing Inc. of Coppell, Texas, faces charges by Texas investigators of using unlawful and aggressive collection tactics and improperly misleading homeowners, according to Attorney General Greg Abbott's office.

Carver Bancorp Inc., owner of the nation's largest African- and Caribbean American-run bank, reduced the dividend rate it pays to the government by shifting to another federal program.

Old Florida National Bank of Orlando and Mercantile Capital Corp. of Altamonte Springs, Fla., announced a deal in which Mercantile would become a subsidiary of Old Florida.

Eugene P. Heytow, chairman of Amalgamated Bank of Chicago, died Aug. 26. He was 76.

NorCal Community Bancorp in Alameda, Calif., reported a steeper net second-quarter loss as credit deterioration continued to affect the institution.

Central Pacific Financial Corp. of Honolulu has appointed its turnaround consultant as executive vice president and chief financial officer.

Commonwealth Business Bank in Los Angeles said its second-quarter loss improved slightly from a year earlier. The $367.3 million-asset company posted a loss of $538,000, compared with a loss of $562,000 in the second quarter of 2009.

Westamerica Bancorp of San Rafael, Calif., said its board approved the repurchase of nearly 7% of the company's outstanding common stock.

Bank of Southern California in San Diego has agreed to buy two branches from the struggling Palm Desert National Bank.

Eight months after calling off a deal to buy Royal Asian Bank, Edward Shin, the bank's CEO, is back with a new deal, crediting perseverance and a grassroots approach.

The Federal Reserve said Thursday that it has restricted dividend payments by three banks, one of which got $2.4 million through the Treasury Department's Troubled Asset Relief Program.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., has given up its attempt to cash out its bondholders at a discount.

Sterling Financial Corp. in Spokane said Thursday it has completed a $730 million capital raise, including an expansion of its investments from two firms leading the recapitalization.