Sun Bancorp Inc. of Vineland, N.J. said Thursday that it will raise $100 million via private-equity funds affiliated with WL Ross & Co. LLC and shareholders of the bank's founding Brown family.

Eric Koppelman, a former mortgage title closer, was sentenced to four years in prison for playing a role in a scheme to steal more than $6 million of proceeds from home mortgage loans, according to the U.S. Attorney's office in New York.

Sun Bancorp Inc. said billionaire investor Wilbur Ross' private equity firm, Sun's founding Brown Family and others have agreed to invest $100 million in equity as the bank grows its New Jersey base.

MIDDLE ATLANTIC

NBH Holdings Inc., a Boston-based bank holding company, announced a deal late Wednesday to acquire the commercial and retail banking operations of Bank Midwest National Association in Kansas City, Mo.

YPSILANTI, Mich. – Washtenaw FCU, formerly Ypsilanti FCU, has signed with the city to place an ATM in the renovated Ypsilanti Freighthouse.

OGDEN, Utah – Fast-growing Goldenwest CU unveiled a new branch, its 18th, in the town of Kaysville, yesterday.

Fifth Third said it has acquired the assets of credit union processor TNB Card Services from credit union-owned Town North Bank of Dallas.

SoCal Bancorp. said it no longer owns a majority stake in Professional Business Bank after a $12.6 million capital infusion from a private-equity group.

The $2.6 billion-asset company announced last week that the Office of Thrift Supervision has upped the ante by issuing both the company and its thrift unit cease-and-desist orders on June 25.

After a hiatus of nearly two and a half years, KBW has resumed publishing its Bank Takeover List, identifying 75 companies that could be buyers, sellers or both over the next 18 to 24 months.

Re "Missing a Chance to Shine" [June 29]: Credit unions didn't cause the financial meltdown and ensuing recession, but they are experiencing collateral damage from it. Still, it is important to keep a sense of perspective, which was lacking in your story.

Cecil Bancorp Inc. in Maryland and its subsidiary Cecil Bank Friday agreed not to declare or pay any dividends without the prior consent of federal and state regulators.

Wilshire Bancorp Inc. in Los Angeles offered a glimpse of its second-quarter results Thursday, saying it expects to record a net loss of up to $5 million.

Hampton Roads Bankshares Inc. in Norfolk, Va., announced that it raised $255 million through a fully subscribed private placement of its common stock.

Sunrise Bank in Cocoa Beach, Fla., announced an agreement Thursday in which a group of three investors will inject $8.6 million into the bank.

SCRANTON, Penn. – Tobyhanna Army Depot FCU broke ground last week for a new home in the downtown area here.

Independent Bank Corp. has managed to persuade stubborn trust-preferred holders and the Treasury Department to become common shareholders — but those feats may turn out to be the easier pieces of its capital restoration plan.