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The $170 million-asset company said late Thursday that it plans to become a full stock company through a second-step conversion. It completed the first step in January 2005, giving its mutual holding company a 63.8% ownership stake.

Central Pacific Financial Corp. in Honolulu has entered into an agreement with state and federal regulators requiring it to submit a capital restoration plan within 60 days.

Bankers in this climate recognize that in order to get capital, they often have to give a little something first. Still, offering a 9% annual interest rate for a decade is a cost only a handful of bankers are willing to bear.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Second Federal Savings and Loan in Chicago views itself as the ShoreBank for its surrounding Hispanic community and hopes prospective investors will see it that way, too.

NBH Holdings took the first step this week in its quest to build a $12 billion-asset community banking network by agreeing to acquire Bank Midwest in Kansas City, Mo.

North Carolina banking titan and civic leader John Arthur Forlines Jr. died Tuesday. He was 92.

Sun Bancorp Inc. of Vineland, N.J. said Thursday that it will raise $100 million via private-equity funds affiliated with WL Ross & Co. LLC and shareholders of the bank's founding Brown family.

Richard Fisher, the president of the Federal Reserve Bank of Dallas, said Wednesday that regulators in Washington need to provide "clarity" on future rulemaking to help ease fears by small businesses and corporations.

Fifth Third Processing Solutions LLC said Wednesday that it had acquired the assets of TNB Card Services from Town North Bank in Dallas.

SoCal Bancorp. said it no longer owns a majority stake in Professional Business Bank after a $12.6 million capital infusion from a private-equity group.

The $2.6 billion-asset company announced last week that the Office of Thrift Supervision has upped the ante by issuing both the company and its thrift unit cease-and-desist orders on June 25.

Cecil Bancorp Inc. in Maryland and its subsidiary Cecil Bank Friday agreed not to declare or pay any dividends without the prior consent of federal and state regulators.

Wilshire Bancorp Inc. in Los Angeles offered a glimpse of its second-quarter results Thursday, saying it expects to record a net loss of up to $5 million.

Hampton Roads Bankshares Inc. in Norfolk, Va., announced that it raised $255 million through a fully subscribed private placement of its common stock.

Sunrise Bank in Cocoa Beach, Fla., announced an agreement Thursday in which a group of three investors will inject $8.6 million into the bank.

Anchor BanCorp Wisconsin Inc. painted a grim picture of its finances this week. The $4.4 billion-asset company in Madison said Tuesday that it was considered undercapitalized by regulatory standards as of March 31.

The largest Korean-American and Chinese-American banks, clustered in Southern California, are successfully raising capital, surprising competitors with last-minute infusions even while some operate under regulatory orders.

Fueled by more than $400 million in capital, Bond Street pulled Miami's Premier American out of the rubble in January and leveraged it to make two other federally assisted deals, most recently grabbing the failed Peninsula Bank in Englewood last Friday.