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The $4 billion-asset company in Rockford, Ill., announced in a Securities and Exchange Commission filing Wednesday that the Office of the Comptroller of the Currency rejected the company's Dec. 4 capital plan for its Amcore Bank unit, saying it was not based on realistic assumptions.

WASHINGTON — The Federal Deposit Insurance Corp. late Wednesday announced it will sell Independent Bankers' Bank Bridge Bank to The Independent BankersBank of Irving, Texas.

A bank holding company based in Chicago has agreed not to declare or pay dividends without Federal Reserve approval.

Richard Fisher, the president of the Federal Reserve Bank of Dallas, warned Congress Tuesday against supporting proposals that would open central bank policymaking to greater scrutiny and political pressure.

The $499 million-asset company in Elmira, N.Y., reported Tuesday that it earned $4.5 million in 2009, up 50% from a year earlier. The company said the record earnings outpaced its projections for an expansion in the Finger Lakes market in 2007.

North Asia Investment Corp., a $50 million special-purpose acquisition company led by a group of South Korean investors, announced Tuesday that it has agreed to acquire Pacific City Financial Corp., a Los Angeles company that caters to Korean-Americans.

Determining that Barnes Banking Co. of Kaysville, Utah, is "critically undercapitalized," the Federal Reserve Board said Monday that the company should issue new shares or sell itself to another depository institution by Friday.

Capitol Bancorp Ltd. in Lansing, Mich., announced Monday that it has a deal to sell its 51% stake in Adams Dairy Bank in Blue Springs, Mo., to the bank's board of directors.

The $3.5 billion-asset company in Charleston, S.C., said in a press release late Friday that it expects to record a loan-loss provision of $25 million to $26 million for its quarter that ended Dec. 31.

A new round of watchdog reports says the Federal Deposit Insurance Corp. could have been tougher in regulating three community banks that later closed.

Bankers formerly with large institutions are finding opportunities at smaller banks, particularly after their former employers failed or were merged into other companies.

The Federal Reserve announced enforcement actions Friday against North Valley Bancorp in Redding, Calif. Under a written agreement, North Valley cannot, without prior Fed approval, directly or indirectly extend or renew credit to borrowers whose credit is deemed "doubtful" or "substandard," among other credit-related restrictions.

Sterling Bancshares Inc. in Houston has promoted Bob S. Smith to chief credit officer at the company's subsidiary bank.

Friday brought the first failure of the year as Horizon Bank in Bellingham, Wash., was closed by state regulators.

Midwest Banc Holdings Inc. in Melrose Park, Ill., said credit quality continued to deteriorate at its subsidiary bank in the fourth quarter, and warned the bank's capital ratios are expected to fall from a well-capitalized level at the end of the third quarter to undercapitalized for the fourth quarter.

Given its performance and capital levels, Chemical Financial Corp. had long been thought of as a market consolidator in its home state of Michigan, but it remained on the sidelines — until now.

Community Central Bank Corp. in Mount Clemens, Mich., said Thursday that it had raised $2.7 million in fresh capital. The investment was made through a private placement involving local investors who bought convertible perpetual preferred stock.

Regulators, with their reputations on the line and anxiety about the future, are forcing some banks to hold on to much of the capital. In recent months, some banks that wanted to fully repay the Troubled Asset Relief Program were allowed to return a fraction.

Imagine trying to persuade regulators to let a Michigan de novo expand by eight times the goal of its initial business plan on the eve of the economic meltdown.

The $1.2 billion-asset company said Tuesday in a filing with the Securities and Exchange Commission that it exchanged $1.1 million of fixed-rate subordinated notes for 2.2 million shares of common stock in a deal with seven investors, including one board member.