Professional Business Bank in Pasadena, Calif., has hired a former Citigroup Inc. executive as its chief credit officer.

Pacific Marine Credit Union in Camp Pendleton, Calif., on Friday said it acquired a branch from Provident Financial Holdings Inc. of Riverside, Calif.

National Bancorp Holdings, a newly created holding company backed by brothers Stephen and John Calk, bought Generations Bank from Armed Forces Bank in Fort Leavenworth, Kan.

The Federal Reserve Board has terminated an enforcement action against Tradition Bancshares Inc.

A bill that would impose restrictions on the Small Business Lending Fund may lead bankers to rethink participation in the program.

The measure, introduced by Sen. Olympia Snowe, R-Maine, aims to keep troubled banks out of the program by excluding any that ever received funds from Troubled Asset Relief Program. Industry observers say there are plenty of safeguards already in place to weed out unhealthy applicants, and that the bill would effectively kill the SBLF.

Regardless of what the branches of the future look like, the "banker of the future" will almost assuredly be the human interface of an online operation.

CAMP PENDLETON, Calif. – Pacific Marine CU has acquired a branch in Temecula, Calif., from Provident Savings Bank.

VIENNA, Va. – Navy FCU has installed Skire Inc.’s Unifier facilities management system for its 210-branch network.

Associated Banc-Corp in Green Bay, Wis., has repaid half of the $525 million it obtained from the Troubled Asset Relief Program.

California United Bank in Encino said Thursday that it raised about $10.3 million in a private placement mostly through 16 institutional investors.

BancFirst Corp. in Oklahoma City said Thursday that it has agreed to buy FBC Financial Corp., parent of the $256 million-asset 1st Bank Oklahoma.

By the end of this month the Office of Thrift Supervision wants Carver, a minority-owned bank that serves underbanked communities in New York City, to increase capital ratios by at least $20 million. Analysts, however, believe Carver may need as much as $35 million to properly repair itself.

First Niagara Financial Group has cleared the final hurdle in its bid to buy NewAlliance BancShares Inc. in New Haven, Conn.

ANDERSON, Ind. – Independent FCU, which reported big losses each of the past two years, announced yesterday it is closing two branches and cutting 12 part-time employees next week.

ALBANY, N.Y. – SEFCU said it will open a branch in the Rensselaer Union on the Rensselaer Polytechnic Institute campus in Troy, replacing an HSBC branch being closed in June.

GLENDALE, Calif. – California CU has agreed to buy back its headquarters – which it sold just five years ago to a now-troubled real estate investment company – for a cool $11 million profit.

Navy Federal Credit Union's move to eliminate balance transfer fees for new credit card accounts may demonstrate that the credit card industry has recovered sufficiently from economic and regulatory setbacks to return to more aggressive marketing.

In the battle over the potential negative effects for community banks from the Dodd-Frank Act, it all comes down to the Durbin amendment.