Location Root Tag

A court in Puerto Rico court has affirmed its decision that Doral Financial is entitled to a $230 million tax refund from the territory's Treasury Department.

Glacier Bancorp in Kalispell, Mont., has agreed to buy Montana Community Banks Inc. in Ronan, Mont.

Late Wednesday, Banner Corp. in Walla Walla, Wash., announced it would acquire AmericanWest Bank in a $702 million stock-and-cash deal.

Clashes between directors and management are becoming routine at Cardinal Bankshares in Virginia, which recently forced out its CEO for the second time in two years.

Cardinal Bankshares in Floyd, Va., is switching leaders again, though it is unclear when the new chief executive will step in.

Sterling Bancorp in Montebello, N.Y., has agreed to buy Hudson Valley Holding in Yonkers, N.Y.

The bank unit of Carver Bancorp in New York has been released from a cease-and-desist order by federal regulators.

First Banks Inc. in St. Louis said that Terrance McCarthy will retire as president and CEO on Feb. 13. McCarthy will also step down from the board. Timothy Lake, president and CEO of banking unit First Bank, will succeed McCarthy.

Northwest Community CU in Springfield, Ore., has completed its previously announced acquisition of Fred Meyer Employees FCU in Portland, Ore.

Bankers are worried that a new proposal will allow Farm Credit institutions to invest in non-farming businesses. The Farm Credit Administration denies those claims, stating that the proposal is designed to comply with the Dodd-Frank Act.

Flagstar Bancorp in Troy, Mich., which has been under pressure from regulators in recent months, has hired a new chief financial officer.

The ousted founders of CertusBank in Greenville, S.C., have filed a new lawsuit against a hedge fund investor.

Trinity Capital in Los Alamos, N.M., will restate earnings for 2009 and has determined that its financial statements going back to 2006 can no longer be relied upon.

ConnectOne Bancorp in Englewood Cliffs, N.J., has appointed Mark Santasieri chief credit officer.

Freedom Bank of Virginia in Fairfax plans to raise $4 million by selling common stock.

Capital One plans to lay off 111 employees in Houston, as it looks to consolidate back-office jobs responsible for deposit processing.

Thomas H. Lee Partners and Warburg Pincus are selling the rest of their stock in Umpqua Holdings in Portland, Ore.

Community bank investor Kenneth Lehman is seeking regulatory approval to buy nearly half the shares in Village Bank & Trust Financial in Midlothian, Va.

Southern First Bancshares in Greenville, S.C., is planning to sell 1.2 million shares of its common stock.

Columbia Banking System in Tacoma, Wash., and First Business Financial Services in Madison, Wis., were among a sizable group of banking companies that completed acquisitions in recent days.