PrivateBancorp Inc. of Chicago said Wednesday that it has named James Guyette as the second chairman in the company's 20-year history.

Now its patience and determination appear to be paying off. Last Friday Blue Ridge's CertusBank subsidiary got a lot bigger when it received regulatory approval to acquire two failed Georgia banks from the Federal Deposit Insurance Corp.

Struggling Carver Bancorp is going on the offensive in its effort to fix its balance sheet and return to profitability, adding the newly created position of president and chief operating officer.

Senate Republicans are urging the House to use a procedural maneuver to block President Obama's recess appointment powers for the remainder of his term.

Though federally insured thrifts are making money again after bearing the brunt of the housing bust, their profits have now fallen in four of the last five quarters.

If the Fed rule goes into effect, fraud costs will be funded not by interchange revenue or by retailers, but by consumers and the community banks.

Capitol Bancorp has struck a deal to sell yet another one of its bank units. AmericanWest Bank in Spokane, Wash., will buy Bank of the Northwest for $17 million in cash.

Bank of America Corp. is teaming up with community development lenders to make older commercial buildings more energy efficient.

Private Bancorp Inc. in Chicago has named James Guyette as the second chairman in the company's 20-year history.

A federal district court judge ordered a marketing operation to pay more than $3.7 million as part of a contempt case for violating a 2008 court order.

ASTON, Penn. – Sun East FCU said it and Keystone FCU are collaborating to build a shared branch in the London Grove Village Shopping Center in nearby Avondale, Penn.

RALEIGH, N.C. – Coastal FCU has become one of the first credit unions to completely convert its entire network – 13 branches in all – to video tellers.

Wescom Credit Union of Pasadena, Calif., said Wednesday that its Wescom Resources Group has signed with PayPal Inc. to offer person-to-person payment services to credit unions.

In its deal for Hartford's Florida bank unit, CenterState was inventive in finding a way to grow on the cheap without having to worry about all the strings that come with failed-bank deals.

New American Bankers Association chief Frank Keating is a delegator who relishes political networking. In other words, he's nothing like Ed Yingling, the group's former CEO, who could pretty much do anyone's job there and was happy to leave the glad-handing to others.

The Federal Reserve on Tuesday announced that it had reached a written agreement with BW Bancorp in Ely, Minn.

For a growing group of acquisition-minded community banks, fee-based businesses are looking like a more attractive way to bolster revenue and the bottom line than are traditional bank deals these days.

First Community Bancshares Inc. in Bluefield, Va., appears poised to make acquisitions after raising $19 million in fresh capital.

Battered by defaults on real estate loans, FNB United Corp. of Asheboro, N.C. reported a loss of nearly $45 million in the first quarter and says that it is likely to fail if a previously announced recapitalization plan falls through.

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