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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.

Shareholders of Patriot National Bancorp Inc. in Stamford, Conn., have approved a deal to recapitalize the company.

About 32%, or 47, of the 146 banks that acquired a failed bank from Jan. 1, 2009, through Aug. 19 of this year have recorded a net bargain-purchase gain from the failed bank's assets.

Heartland Bank of Gowrie, Iowa, has agreed to use check processing software from Integrated Bank Technology Inc.

New Century Bank in Phoenixville, Pa., the institution Sidhu has been expanding during the past year, announced that it would buy Berkshire Bank, based in Wyomissing, Sovereign Bank's former headquarters city.

California got a small taste of bank dealmaking Wednesday that didn't involve a failed or ailing institution.

The law firm of former Louisiana Attorney General Charles C. Foti Jr. said Tuesday that it filed a securities-fraud class action against CVB Financial Corp.

Madison National Bancorp Inc. of Hauppauge, N.Y. swung from a first-quarter net loss to net income of $208,303 in the second quarter.

MidSouth Bank in Murfreesboro, Tenn., was well capitalized at the end of the second quarter and the Federal Reserve wants to make sure it stays that way.

Broadway Federal Bank in Los Angeles is set to receive a $750,000 award from the Treasury Department for its work in low- to moderate-income communities.