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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.

Upon disclosing its third and largest branch deal Tuesday, Amcore Financial Inc. made another announcement: its capital ratios are finally headed in the right direction.

Count the merchant acquirer First American Payment Systems LP among the U.S. payment processors looking abroad for growth.

Like a lot of companies, TLCM Holdings LLC in Richardson, Texas, was shopping for a failing bank. Its plan: transform the target's business model to provide a secondary market for bank loans.

Four Oaks Fincorp Inc., the holding company for Four Oaks Bank and Trust Co. of Four Oaks, N.C., announced Monday that it completed the acquisition of Nuestro Banco on Dec. 31.

Webster Financial Corp. announced Monday that it plans to expand its business banking portfolio by $400 million in the coming year.

First Community Bank Corp. of America is aiming to raise capital to immediately boost capital levels at its thrift and amass cash for further capital needs.

TLCM Holdings LLC, a new holding company in Richardson, Texas, has agreed to acquire EJ Financial Corp. in Dallas. TLCM and EJ Financial announced the deal late Wednesday, without disclosing the price.

An Illinois banking company has agreed to submit a plan designed to improve the condition of the lender, the Federal Reserve said Wednesday.

Following a regulatory exam, Preferred Bank in Los Angeles announced Wednesday that it will restate its third-quarter earnings, bringing its loss for the quarter to as much as $5 a share, according to one analyst's estimate.

With little competition, Horizon Bancorp in Michigan City, Ind., was able to create its own playbook for a deal announced late Tuesday in which the company agreed to buy pieces of the $122 million-asset American Trust and Savings Bank in Whiting, Ind.

The board of directors of United Community Banks Inc. in Blairsville, Ga., said Tuesday that it was temporarily suspending its quarterly dividend to avoid further dilution of its shares and improve its liquidity.