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CHICAGO – Polish & Slavic FCU, which serves New York’s Brooklyn Polish immigrant community, the nation’s largest, expanded its presence in Chicago, home to the nation’s second-largest population of Polish-Americans.

Alliant Financial Corp. in Birmingham, Ala., said Tuesday that it has hired a former BankUnited Corp. officer to become the chief executive of its bank.

First Commonwealth Financial Corp. in Indiana, Pa., on Tuesday restated its first-quarter earnings downward. With the restatement the $5.8 billion-asset company's earnings were 23% lower, at $5.2 million.

Wilshire Bancorp Inc. in Los Angeles is planning to raise up to $115 million in a public offering. The $2.8 billion-asset company said it plans to sell $100 million with an over-allotment option for another $15 million shares of common stock.

Polonia Bancorp's biggest outside shareholder on Monday demanded that the thrift company launch a second-step conversion.

The parent company of the investment firm Sterne, Agee & Leach Inc. is planning to enter the banking business.

Coming off a weak first quarter, BancorpSouth Inc. in Tupelo, Miss., announced Tuesday that it would close or consolidate 23 underperforming branches this year.

Trustmark Corp. in Jackson, Miss., announced Tuesday that it has named board member Daniel Grafton as chairman of both the company and its main subsidiary, Trustmark Bank.

The FDIC may soon have another option for resolving failed banks whose assets include farm loans. Traditional banks are not welcoming the expected change.

The parent company of the investment firm Sterne, Agee & Leach Inc. is planning to enter the banking business.

Coming off a weak first quarter, BancorpSouth in Tupelo, Miss., announced Tuesday that it is planning to close or consolidate 23 underperforming branches later this year.

Integra Bank Corp. in Evansville, Ind., said that another large loss in the first quarter has left its bank critically undercapitalized.

The $2.4 billion-asset company said late Friday that it had filed a registration with the Securities and Exchange Commission seeking approval to start selling stock in July.

Premier American Bank has become the most aggressive failed-bank buyer in Florida, distinguishing itself from the state's other private investor-backed groups by sticking to deals close to home.

First PacTrust Bancorp Inc. in Chula Vista, Calif., has hired Marangal Domingo to serve as its chief financial officer.

NexBank in Dallas is expanding into correspondent lending for banks and mortgage brokers.

Illustrating the relative health of the nation's farm economy, small banks focused largely on agriculture lending continue to outperform more mainstream banks.

Looking to shore up its capital base, HomeStreet Inc. in Seattle is pursuing a public offering in which it hopes to raise up to $210 million.

SOUTH CHARLESTON, S.C. – South Carolina FCU, chartered as South Carolina National Guard FCU, has joined the Armed Forces Financial Network.