Location Root Tag

The Houston ATM network operator said Tuesday that it would install 215 ATMs in the New York area that will bear the logo of the New York credit union.

Former Bank of America Corp. Vice Chairman R. Eugene Taylor has spent the past six months searching for a bank to buy — only to return to whence he came.

The $1.7 billion-asset company announced late Tuesday that North American Financial Holdings Inc., led by former Bank of America Corp. executive Eugene Taylor, would invest $175 million in the company so that it can shore up its undercapitalized bank unit.

Solera National Bancorp Inc. in Lakewood, Colo., is getting into the mortgage business on its own. The $137 million-asset company announced Tuesday that it has begun originating residential mortgage to its customers.

The Federal Reserve Bank of Atlanta announced Tuesday that OptimumBank Holdings Inc. of Fort Lauderdale, Fla., has signed an agreement to maintain financial soundness.

Sheyenne Bancorp Inc. is applying for bank holding company status from the Federal Reserve to buy out a bank in North Dakota. Sheyenne would become a subsidiary of First Holding Company of Park River Inc., which filed the application with the Federal Reserve June 22.

Despite analysts' skepticism, it appears Banner Corp. of Walla Walla, Wash., is advancing in its attempts to raise capital. The $4.6 billion-asset company announced late last week that it would sell 75 million shares of common stock at $2 a share.

After its long-running merger talks collapsed in March, Republic First Bancorp Inc. in Philadelphia today finds itself in a more fortunate position than many banks — it has a Plan B.

Fox Chase Bancorp Inc. is one step closer to completing its conversion from a mutual to a stock company. After the conversion is completed, which is expected on June 29, the banking subsidiary will have a new parent with 14.55 million shares of outstanding common stock.

Anchor BanCorp Wisconsin Inc. in Madison has been warned by the Nasdaq that it no longer complies with listing requirements.

Seven months after announcing its third attempt to buy a bank, the blank-check company Western Liberty Bancorp has changed the terms of its most recent deal.

Federal regulators have ordered Cowlitz Bancorp of Longview, Wash., to raise capital or accept a sales offer by July 15, the company said Tuesday in a filing with the Securities and Exchange Commission.

Fortune Bank in Seattle said Thursday that it plans to sell up to $460 million in stock through an initial public offering.

WSFS Financial Corp. in Wilmington, Del., announced an agreement Thursday to acquire Christiana Bank & Trust Co. from National Penn Bancshares Inc. for $34.5 million.

There's a group of community banks flush with capital, unburdened by delinquent loans and busily expanding assets — at the expense of troubled kin. The de novo class of '07 and '08 fortuitously opened its doors just before regulators said Do Not Enter, but late enough in the game to realize strict loan standards were necessary to navigate the real estate recession. Now they're coming for troubled banks' lunch money.

As House members debated the financial regulatory package, Republicans Judy Biggert and Darrell Issa surprisingly won adoption of an amendment Wednesday that would require the Federal Deposit Insurance Corp.'s inspector general to investigate whether political pressure played a role in securing private-sector assistance for troubled institutions.

Capitol Bancorp Ltd. finds itself in a precarious situation — even though it has spent the past 14 months shedding banks to raise capital.

MidSouth Bancorp Inc. of Lafayette, La., said late Tuesday that the Gulf oil spill and drilling moratorium could affect roughly $15 million of its loans.

BancTenn Corp. last week filed an application with the Federal Reserve to form a bank holding company in order to acquire up to 20% of a commercial bank in North Carolina.

As a way to identify more with San Diegans, First Business Bank is changing its name to Bank of Southern California and opening a fourth branch in July.