Location Root Tag

Bay Banks of Virginia in Kilmarnock has increased the size of its fourth-quarter loss, after a commercial borrower pleaded guilty to creating false financial statements.

Freedom Bank in Columbia Falls, Mont., has been released from a consent order that the FDIC and the Montana Division of Banking and Financial Institutions had implemented in December 2009.

First Sentry Bancshares in Huntington, W.Va., said it will pay $7.4 million in cash and stock to buy the $75 million-asset Rock Branch Community Bank in Nitro, W.Va.

Troubled Clarkston Brandon Community CU, Clarkston, Mich., has been merged with Michigan State University Federal Credit Union, East Lansing, Mich.

ChoiceOne Financial Services in Sparta, Mich., has given its president, Kelly Potes, the job of chief executive, too.

A program recently started in New York helps entrepreneurs improve their business plans and cash flow before sending them to a bank. The nonprofit lender behind the program, meanwhile, hopes to boost small-business borrowers' credit scores and lower their rates.

Railroad & Industrial Federal Credit Union in Tampa said it has exceeded $300 million in assets. The credit union previously crossed the $150 million-asset mark in 2005.

Hometown Community Bancorp in Morton, Ill., has agreed to buy Illini Corp. in Springfield, Ill.

Mid Penn Bancorp in Millersburg, Pa., has hired Michael Peduzzi as chief financial officer.

Community Financial Corp. in Waldorf, Md., has agreement to support a director nominated by the activist investor Basswood Capital Management.

Royal Financial in Chicago has agreed to sell $25.8 million of distressed assets associated with its pending purchase of Park Bancorp in Chicago.

Hackers penetrated the computer network of a Verizon Communications subsidiary, but the company says it plugged the hole before much data was compromised.

Sterling Bancorp in Montebello, N.Y., plans to raise $105 million in a debt sale to fuel potential acquisitions of commercial lenders.

Jefferson Security Bank in Shepherdstown, W.Va., has promoted Cynthia Kitner from chief financial officer to chief executive.

Fentura Financial in Fenton, Mich., has agreed to buy Community Bancorp in St. Charles, Mich.

The former chief executive of a failed bank in Lincoln, Neb., was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators.

Carolina Trust Bank in Lincolnton, N.C., has revised downward its fourth-quarter results because of accounting changes related to its retirement plan and an acquisition from years ago.

Seacoast Banking Corp. of Florida in Stuart has reached an agreement with an activist investor after signs had emerged of a potential proxy battle.

JPMorgan Chase has formed an initiative to expand conference access to people with physical disabilities.

The New York State Appellate Division of the Supreme Court ruled on Tuesday that the activist investor Joseph Stilwell cannot force NorthEast Community Bancorp in White Plains, N.Y., to convert to a fully stock-owned bank.