Bay Cities National Bank in Redondo Beach, Calif., said it has investment agreements for $460 million, enough to turn the struggling $273 million-asset bank into a regional institution.

Pacific Mercantile Bancorp said Tuesday that it has entered into agreements with its regulators to improve credit quality and boost capital.

First National Bank of Omaha is offering a rewards program from Cardlytics that lets customers access merchant offers through First National's FNBO Direct online banking service.

With the recent upheaval in the financial sector, consumers have changed the way they borrow, spend and save. In a quest for better customer service, more competitive rates and less fee gouging, many have moved from larger institutions to smaller community banks, credit unions and online banking.

Pacific Mercantile Bancorp said it has reached agreements with state and federal regulators to take actions to address loan performance and improve its operating results while raising capital levels.

The Austin community bank service provider BancVue has purchased the credit card portfolio of the failed Silverton Bank from the Federal Deposit Insurance Corp.

Indiana Business Bancorp in Indianapolis swung to a loss in the second quarter as its provision spiked. The $89.9 million-asset company reported a loss of $484,678, or 32 cents a share, after reporting net income of $37,907, or 3 cents a share, a year earlier.

Eastern Virginia Bankshares of Tappahannock said Friday that it is consolidating two branches in King William County.

The $4.6 billion-asset institution, which has acquired more than 20 Oklahoma banks since it opened in 1989, announced its third acquisition deal of the year Thursday.

First State Bancorp. in Albuquerque confirmed that its banking subsidiary was in discussions with potential investors about a recapitalization.

Premier Financial Bancorp Inc. has decided that even for community banks that value local identity, bigger might just be better.

The State Foreclosure Prevention Working Group (SFPWG) recently released a study showing that as many as 60% of mortgage borrowers did not have their accounts forwarded to the mortgage lender’s loss mitigation department after becoming 60 days or more late on their payments.

New York regulators are conducting an investigation into deceptive credit card marketing practices that target students at their colleges.

Donegal Financial Services Corp. and Union National Financial Corp. said they have amended their acquisition agreement after Donegal Financial's stock price fell $3.86 a share since the deal was announced in April.

Atlantic Coast Federal Corp. in Waycross, Ga., has appointed veteran banker Jay S. Sidhu as executive chairman of its Atlantic Coast Bank unit, a move that could help the company complete its second-step conversion.

SALT LAKE CITY – University Federal Credit Union has opened a new branch downtown in a building formerly occupied by Barnes Bank.

Operating a community bank in foreclosure-ravaged South Florida is challenging. Starting one just before the financial crisis hit is even more so.

Old Line Bancshares Inc. in Bowie, Md., plans to acquire Maryland Bankcorp Inc. in a cash-and-stock deal valued at $20 million.

Atlantic Coast Federal Corp. in Waycross, Ga., has appointed veteran banker Jay S. Sidhu as executive chairman of its thrift, mirroring a position he has held at the company since May.

One of the owners of a payday loan and collection operation agreed to settle Federal Trade Commission charges for his role in a scheme that illegally tried to garnish borrowers’ wages and used other illegal collection practices.