Location Root Tag

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.

Capitol Bancorp Ltd. has completed another divestiture — this time of its 51% stake in the $64 million-asset USNY Bank in Geneva, N.Y.

Iberiabank Corp. in Lafayette, La., said it will consolidate its federally chartered thrift subsidiary into its commercial banking subsidiary by early October as a result of "sweeping changes" in the banking industry.

After four consecutive months of increased sales, the market hit the skids in July, according to the local Realtor group.

MetLife Inc.'s home loan unit has hired two former executives from Sovereign Bank to manage its new warehouse lending division.

Weststar Financial Services Corp. in Asheville, N.C., has reported a $14 million second-quarter loss, compared with net income of $434,000 a year earlier.

F.N.B. Corp. in Hermitage, Pa., is selling its bond and transfer agent business to U.S. Bancorp. The $8.6 billion-asset company said in a statement last week that it decided to exit the business because growing administrative costs had become prohibitive for a regional trust company.

Heritage Financial Group in Albany, Ga., said Monday that it will revise its accounting treatment of problem loans acquired in a failed-bank deal last year.

Shareholders of Farmers Banc National Corp. in Canfield, Ohio, rejected two key proposals at the company's annual meeting, the company said Friday.

A Houston mortgage brokerage with 200 branches nationwide said it agreed to pay a $38,000 fine to settle alleged violations of Federal Housing Administration branching rules.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

First Security Inc. in Owensboro, Ky., decided on the latter last week when it decided to call off a deal to buy three Indiana branches and a pool of loans from the struggling, $3 billion-asset Integra Bank Corp.