The $4.2 billion-asset Honolulu company said in a press release Tuesday that it has been working with a private-equity investor for a $98 million infusion and "is in the process of seeking to finalize an agreement for such an investment by the end of the week."

Charter Oak Bank of Napa, Calif., which is under regulatory pressure to raise capital, has agreed to be sold to Bay Commercial Bank in nearby Walnut Creek for $2.3 million.

First Financial Bankshares Inc. in Abilene, Texas, has closed its $22.2 million acquisition of Sam Houston Financial Corp. The purchase includes Sam Houston's banking subsidiary, First State Bank in Huntsville.

Green Bank in Houston said Tuesday that it has completed the purchase of certain assets in Texas of the failed La Jolla Bank.

The Northeast has emerged as a hotbed of community bank M&A — and the non-distressed kind, with a growing number of deals among small, healthy institutions at premium prices.

Commercial Collection Agency Association (CCAA) members reported a 16.5% decline in the dollar amount of B2B accounts received for collection in the third quarter compared with the year-ago period.

ERIE, Penn. – Erie FCU opened two new branches, one in a Wal-Mart Supercenter and another in a residential walk-up facility.

A group of private-equity investors has agreed to inject $200 million of fresh capital into Brand Group Holdings Inc. in Lawrenceville, Ga., the company announced Monday.

Integra Bank Corp. said Monday that its banking subsidiary will not meet a Nov. 10 regulatory deadline to raise capital but that it has not stopped trying.

Mark Hoppe, the president and chief executive of Taylor Capital Group, waited 991 days for a profit. This past quarter his company delivered, earning $33.4 million.

Portfolio Recovery Associates Inc., an accounts receivable management company and debt buyer, reported net income of $18.5 million for the quarter ended September 30, an 83% increase from $10.1 million in the same period a year earlier.

LAS VEGAS-Branches are evolving as consumers' desires and expectations change, and despite reports to the contrary, remain important to consumers and the financial institutions looking to capture them.

Losses at Sun Bancorp Inc. in Vineland, N.J., swelled in the third quarter, to $75.3 million, from $6.5 million a year earlier.

The $2.2 billion-asset company announced Friday that it had entered into definitive agreements for $103 million, with $9 million coming from Henry "Ric" Duques, the controlling owner of Legent Group LLC, the parent of Legent Clearing LLC.

CenterState Banks Inc. in Winter Haven, Fla., said it has received approval to consolidate three of its subsidiary banks into a single charter.

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.

The $1.5 billion-asset AmericanWest last week announced the sale of its banking subsidiary to a heavily capitalized investor group, SKBHC Holdings LLC, in a bankruptcy court bidding procedure.

The National Credit Union Administration is back in the market, this time with $2.82 billion of guaranteed securities backed by commercial mortgages.

Saddle River Valley Bancorp in New Jersey has a new private-equity owner. The $82.8 million-asset company announced Thursday that SRV Holdings Inc. — an investment vehicle of the New York private-equity firm J.C. Flowers & Co. — has bought a controlling interest in Saddle River Valley. Though the companies did not disclose terms, a spokesman said SRV purchased a 50.5% stake, with the expectation that it would invest additional funds in the future.

Hanmi Financial Corp. of Los Angeles said Thursday that its net loss improved in the third quarter and its bank returned to a well-capitalized regulatory standing.