Location Root Tag

A federal judge last week sided with the competitor, Alliance Bancorp Inc. of Pennsylvania, and barred Sidhu's New Century Bank in Phoenixville from rebranding itself Customers 1st Bank. The judge said that name infringed on Alliance's trademark-protected Customer First products.

Cascade Bancorp in Bend, Ore., has filed a lawsuit against Cohen & Co. Financial Management, alleging that the investment firm is holding up a capital-raising effort on which Cascade's future depends.

First Citizens Bancshares Inc. is one of the more peculiar success stories — and for that reason, its small band of followers say, worthy of imitation by struggling peers in need of fresh ideas.

United Western Bank is in a state of limbo, unable to satisfy, change or escape a key demand from its regulator. Colorado's largest thrift has missed a deadline to boost its capital, and regulators refuse to give it an extension or waiver.

BancTrust Financial Group Inc. in Mobile, Ala., has announced that it earned $969,000 in the second quarter, compared with a loss of $118 million a year earlier.

The $5.1 billion-asset company announced Monday that it has received regulatory approval to consolidate two of its banks — Bank of Valdosta and Peoples State Bank — in its Sunrise Bank of Atlanta. Collectively, the three banks have $136 million of assets.

Two Middle Atlantic companies are seeking to bolster their common equity.

Florida is still a prime destination for Centennial Bank in Conway, Ark., even as well-heeled acquirers move in and drive up bank prices.

Premier Financial Bancorp Inc. cannot pay dividends without prior approval from regulators and must bolster its board oversight under an enforcement action the Federal Reserve filed Friday.

Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

A friendly rivalry in Oregon turned nasty when a tiny bank tried to acquire a neighbor through a seldom-used maneuver: the hostile takeover bid.

Central Pacific Financial Corp. in Honolulu posted a second-quarter loss of $16.1 million, as credit problems remained high but subsided from a year earlier.

TriCo Bancshares of Chico, Calif., reported a 48% decline in second-quarter net income from a year earlier. TriCo said Thursday it had net income of $1.2 million, or 8 cents a share, compared with $2.5 million, or 16 cents a share.

TIB Financial Corp. of Naples, Fla., said its net loss nearly tripled in the second quarter as it awaits a takeover by North American Financial Holdings Inc.

Debtholders battling with community banks over recapitalization plans have clearly scored a victory — but will it be a win-win?

Taylor Capital Group Inc. of Chicago on Thursday posted a much wider second-quarter loss than analysts expected, which it said stemmed from asset-quality problems and a one-time charge for raising capital.

Sun Bancorp Inc. in Vineland, N.J., reported a second-quarter loss of $81.2 million, which it attributed primarily to a goodwill impairment charge of $89.7 million.

Flagstar Bancorp Inc. in Troy, Mich., said its second-quarter loss expanded by 26% from a year earlier, to $97 million. The $13.7 billion-asset company's net interest income totaled $42.4 million, up 12% from the first quarter, but down 30% from a year earlier.

EverBank Financial Corp. in Jacksonville, Fla., has struck a deal to rename the local football stadium EverBank Field.

Two recent deals in Southern California serve as a billboard announcing that the mergers and acquisitions market there is shifting to open-bank deals.