Ohio

Toledo Urban Federal Credit Union, a 15-year-old community development credit union in Ohio, is asking the public for a helping hand, an unusual request to keep the struggling credit union alive.

PVF Capital Corp. in Solon, Ohio, has retired a five-year-old debt that will save the company $2.5 million a year.

A technology subsidiary of the holding company Rurban Financial Corp. must improve its capital position and strengthen operational oversight under a consent order with the Federal Reserve Board.

On Friday, the $1.8 billion-asset company in Marietta, Ohio, said it had hired Charles W. Sulerzyski, a former regional president for KeyCorp's Great Lakes region, to serve as president and chief executive, effective April 4.

Peoples Bancorp Inc. of Marietta, Ohio, and Albina Community Bancorp in Portland, Ore., said their chief executives are leaving.

A pair of banking companies have extended their deadlines for rights offerings due to technical difficulties.

Several banks rushed to repay investments under the Troubled Asset Relief Program in December, but hundreds head into the new year desperate for an exit strategy, even if it means selling.

More companies are shuttering branches obtained in Federal Deposit Insurance Corp.-backed deals. In most cases, buyers took on branches in markets beyond their geographical scope, or came to a later realization that it would cost too much to maintain and compete for greater market share in single-branch markets.

First Financial Bancorp in Cincinnati will close five branches obtained from failed-bank purchases.

Park National Corp. in Newark, Ohio, is adding $5 million of common equity to its war chest. The $7.1 billion-asset company said Wednesday that it had agreements with institutional investors to sell nearly 72,000 shares.

The $1.9 billion-asset company said in a Nov. 24 regulatory filing that David Wesel is resigning his post at Peoples Bank, effective Dec. 10.

The $615.2 million-asset parent of Delaware County Bank and Trust is offering voluntary retirement packages under a plan to cut costs by $1 million.

First Place Financial Corp. of Warren, Ohio, said a regulatory examination was behind its decision to postpone the release of its results for its fiscal first quarter, which ended Sept. 30.

First Place Financial Corp. in Warren, Ohio, has pushed back the release of results for its fiscal first quarter. The $3.1 billion-asset company was expected to release results for the quarter that ended Sept. 30 after the market closed Tuesday, but instead issued a brief press release saying that the report, along with a conference call with investors scheduled for Wednesday, had been postponed.

A handful of law firms said they were investigating the board of First Franklin Corp. of Cincinnati for potentially breaching fiduciary duties related to the bank's proposed sale, announced Wednesday, to Cheviot Financial Corp. of Cincinnati.

The National Credit Union Administration said Wednesday that May's failure of St. Paul Croatian Federal Credit Union in Cleveland was caused by fraud and will cost the National Credit Union Share Insurance Fund as much as $170 million, one of the biggest losses ever incurred by a noncorporate credit union.

Nearly a year after the Federal Deposit Insurance Corp. said it would resume revealing the losing bids for failed banks, bankers and others in the industry find its disclosures wanting.

Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.

United Community Financial Corp. in Youngstown, Ohio, is setting the stage for a new leader.

First Federal of Lakewood in Ohio has agreed to acquire a competitor, Century Bank in Parma, Ohio. First Federal, with $1.2 billion of assets, would gain five branches and $135 million of assets from Century Bank.